Nike Share Price (NKE.US)

Nike starting to gain a little traction now. I am hoping/expecting that this will continue as investors rotate out of the tech/AI stocks, some of those are surely over hyped and over priced at current valuations. I expect some of the smart money to move into dividend paying undervalued stocks like Nike. I also have Novo Nordisk and Kraft Heinz that are in a similar position to Nike.

aimo

I have also just invested and I have similar option as yours.

I took my first dip in the water at under $43 on Friday on the dip following the 'lumpy shoulders' news.

I've been watching Nike for years and think now is the time to start dripping some money here for the long term.

Based on what?

1. Nike is an iconic brand that can come back from the mistakes of the last few years.

2. The growing GLP market is going to lead to millions of previously obese people looking to keep in shape. And, if they don't want to exercise they will at least be more inclined to wear more figure hugging athletic clothing.

The market seems to have no love for Nike at the moment which, as a value investor, is the time to start investing.

aimo