Nike (NKE) Offering Possible 13.77% Return Over the Next 36 Calendar Days

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Nike’s most recent trend suggests a bullish bias. One trading opportunity on Nike is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 13.77% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $8.79 would be incurred if the stock dropped below the $145.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Nike is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Nike is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Nike

UPDATE 1-Nike and Adidas supplier suspends production at Vietnam plant due to COVID
Wed, 14 Jul 2021 10:19:13 +0000
Taiwan’s Pou Chen Corp, which makes footwear for companies such as Nike and Adidas, suspended operations at its plant in Ho Chi Minh City on Wednesday as COVID-19 curbs hit factories in the country’s business hub. Vietnam’s health ministry said in a statement that production at Pou Chen’s Pouyuen Vietnam factory would be suspended for 10 days. State media said 49 infections had been detected at the plant in Ho Chi Minh City, which is at the epicentre of the country’s worst coronavirus outbreak.

UPDATE 1-Nike loses fight against EU probe into Dutch tax deal
Wed, 14 Jul 2021 09:36:09 +0000
U.S. sportswear maker Nike on Wednesday lost its fight to stop a probe into its Dutch tax affairs, as Europe’s second-highest court backed an EU investigation opened two years ago. The EU case was part of a crackdown on multinationals’ sweetheart tax deals with EU countries that Brussels says gives them an unfair advantage, among them Apple’s Irish tax arrangements, and Fiat Chrysler and Amazon’s Luxembourg deals. The Luxembourg-based General Court dismissed Nike’s challenge against the EU investigation.

Nike loses fight against EU probe into Dutch tax deal
Wed, 14 Jul 2021 09:18:30 +0000
BRUSSELS (Reuters) -U.S. sportswear maker Nike on Wednesday lost its fight to stop a probe into its Dutch tax affairs, as Europe’s second-highest court backed an EU investigation opened two years ago. The EU case was part of a crackdown on multinationals’ sweetheart tax deals with EU countries that Brussels says gives them an unfair advantage, among them Apple’s Irish tax arrangements, and Fiat Chrysler and Amazon’s Luxembourg deals. The Luxembourg-based General Court dismissed Nike’s challenge against the EU investigation.

LeBron James’ SpringHill Media Company in Talks to Sell Equity Stakes, Including With Nike, Valuing It at Up to $750M
Wed, 14 Jul 2021 00:21:04 +0000
SpringHill Co., led by LeBron James and Maverick Carter, is in early discussions with a range of potential investors to sell a piece of the media and entertainment firm that would value it at upwards of $750 million, Variety confirmed. The inbound interest in SpringHill has ranged across industries. Parties that have engaged with SpringHill […]

5 Dow Jones Stocks To Buy And Watch In July 2021: Apple Surges, Boeing Dives
Tue, 13 Jul 2021 18:40:33 +0000
The Dow Jones Industrial Average remains near record highs at the start of July, as the current stock market rally continues. The best Dow Jones stocks to buy and watch in July 2021 are Apple, Boeing, Disney, Microsoft and Nike.

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