NKE DD

I don’t know why nobody’s talking about this, but Nike is going to post quarterly earnings today after the bell. The stock is currently at it’s 10 year lows and I do believe it’s the rock bottom. Previous management fucked up and the new CEO is trying to turn the ship around.

Expectations are so low that Nike is going to beat and it’s going to post decent earnings and the market is gonna like it and catch a momentum.

My thesis is that having decent/good news is going to make the market believe it was a bottom and people are going to buy back since the stock is almost -70% since it’s all-time high. Markets are going to start thinking the ship is actually turning around and I expect it to pump at least 8% and even double that.

2016 revenue was $32 billion and the stock price was at $50-55.

2021 revenue was $44 billion and the stock price reached its all time high at $179

2026 expected revebue $47 billion and the stock price is sitting at it’s 10 year lows.

I am aware that profit margins have shrunk but still the stock price is super heavily over sold and it is due for a run up.

Positions 55c and 59c expiring in 2 days.

TLDR; nke stock is extremely oversold, wsb is super bearish which means its gonna pump and im just a regard holding calls.