Nike stock plummeted 20.7% in June, while Disney saw a 4.5% decline

From The Motley Fool: 2024-07-04 13:29:00

In June, Nike’s stock took a massive 20.7% hit after a rocky earnings report, citing concerns about foreign exchange rates and e-commerce sales. Analysts lowered price targets, causing the stock to plummet to multiyear lows, making it a risky buy despite cost-cutting measures. Meanwhile, Walt Disney saw a more moderate 4.5% decline attributed to activist investor actions and strategic shifts in the streaming sector but remains an intriguing buy due to its diversified entertainment empire and potential growth. Investors should weigh the risks and rewards before considering either stock.



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