What do you think about the growth of $NKEstock ?
Nike announced plans to reduce its reliance on manufacturing in China for the U.S. market. Following the news, the stock rose more than 15%. I held$NKEstock in my portfolio for a while, but later sold it because I don't find it that attractive in the long run and this news doesn't mean any major turnaround yet in my opinion.
That growth means nothing and Nike still has a lot of problems. I'm glad I don't have $NKE stock in my portfolio.
I still have stocks in my portfolio. I'm in the red, but after this news it looks like that might change and the company will start growing again.