Fund Manager Thinks Nike (NKE) Could Rise to $70 Amid Trump’s Vietnam ‘Reckoning’

From Yahoo Finance: 2025-04-28 09:47:00

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. Stay informed with the latest on AI stocks and billionaire investment strategies. For more insights and analysis, visit Insider Monkey.



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