Nike's stock has dropped 76.5% over the last five years and nearly 40% in 2026 alone, compared with a roughly 12% gain for the S&P 500. The company expects a high-single-digit percentage drop in revenue for fiscal 2027, yet it posted first-quarter fiscal 2027 net income of $712 million (versus $727 million a year earlier) and holds $8.3 billion in cash against $11.1 billion in total debt. The author views Nike as a potential income stock if revenue stabilizes, with the dividend currently yielding 4.2%, and says he is not buying the dip for now.
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SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
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