Fund Manager Thinks Nike (NKE) Could Rise to $70 Amid Trump’s Vietnam ‘Reckoning’
From Yahoo Finance: 2025-04-28 09:47:00
- NIKE, Inc. (NYSE:NKE) is under scrutiny as trade wars escalate, with 10 stocks being closely monitored. Market strategist Bill Strazzullo predicts a 15% decline in the S&P 500, warning investors against buying every dip.
- Strazzullo believes the market has peaked post-pandemic gains, anticipating a drop to 4,500 to 4,100 on the S&P 500. The market’s previous rally off the March 2020 lows is deemed unsustainable.
- Amid US-China trade tensions, 10 stocks are in focus, including NIKE, Inc. (NYSE:NKE) with 75 hedge fund investors. Fund manager Bryn Talkington suggests NKE could rise to $70 due to potential US-Vietnam tariff changes.
- Guinness Global Innovators highlights NIKE, Inc. (NYSE:NKE)’s challenges, citing a decline in competitiveness and market share. Despite strong foundations, the firm faces a multi-year reset with uncertain growth prospects.
- Ranked 4th on the list of stocks to watch, NKE faces competition from under the radar AI stocks offering higher returns. Consider exploring AI stocks for potential growth opportunities.
- Stay informed with the latest on AI stocks and billionaire investment strategies. For more insights and analysis, visit Insider Monkey.
Read more at Yahoo Finance: Fund Manager Thinks Nike (NKE) Could Rise to $70 Amid Trump’s Vietnam ‘Reckoning’