Nike, a top consumer discretionary stock, faces challenges like tariffs and industry competition that have impacted its valuation. However, recent news of Apple CEO Tim Cook purchasing $3 million worth of NKE stock suggests potential opportunity. Despite a recent 15% decline in YTD performance, Nike’s strong fundamentals and pricing power could drive earnings growth. Analysts see a 20% upside potential in NKE stock, with a wide range of price targets. Investing in Nike during this dip may prove beneficial in the long term, especially for patient investors awaiting resolution of current headwinds.

Read more at Barchart: Nike Insider Robert Swan Just Loaded Up on NKE Shares. Should You Too?