Nike (#NIKE) weekly uptrend opportunity based On 1 Lot Calculation:
GLOBAL SPORTSWEAR MARKETS:
- GLOBAL SPORTSWEAR MARKET SHARE: Nike’s sportswear revenue makes around 90% of their total annual revenue. Nike holds 43.7% of the global sportswear market, followed by Adidas (23.7%), Puma (7.6%), Under Armour (5.6%) and etc.
- MARKET POTENTIAL: THE MARKET IS EXPECTED TO GROW FROM $160.61 BILLION IN 2020 TO $267.61 BILLION IN 2028. This would mark an increase of around 65% or around 8% per annum on average.
THE COMPANY:
- Nike is a US company, which is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. It maintains a market capitalization of $176.27 billion.
- REVENUE GROWTH: 2021- 2024. EXPECTED AVERAGE GROWTH PER YEAR: +7.56%. Nike’s revenue is expected to grow from $44.538 billion in 2021 to $55.543 billion in 2024.
- EARNINGS GROWTH: 2021- 2024. EXPECTED AVERAGE PER GROWTH YEAR: +7.80%: Nike’s earnings are expected to grow from $5.73 billion in 2021 to $7.07 billion in 2024.
OTHER EVENTS AND ANALYSIS:
- EVENT (CONFIRMED: SEPTEMBER 29, AFTERMARKET): Q3 EARNINGS REPORT. The company is expected to report quarterly revenue figure of $12.32 billion, accompanied by Earnings Per Share of $0.948. Nike has beat earnings expectations 8 times of 8 last quarter, and beat revenue expectations 6 time of 8 last quarters.
- PRICE ACTION: THE STOCK HAS HAD A DOWNWARD CORRECTION OF AROUND 44% FROM ITS ALL- TIME HIGH OF $178.49 (October, 2021). The stock had fallen to its lowest rate since 2020 to $98.91 (June, 2022). Nike was last trading around $111, and If a full recovery follows to recent all- time highs, the stock could see an upside of around 61%.
- ANALYSTS OPINIONS: JPMorgan forecasts $130 a share. Wedbush forecasts $130. Morgan Stanley forecasts $149. Deutsche Bank forecasts $130. UBS forecasts $156 a share.
#NIKE, September 13, 2022
Current Price: 111
|
Nike |
Weekly |
|
Trend direction |
|
|
178 |
|
|
150 |
|
|
130 |
|
|
95 |
|
|
90 |
|
|
85 |
Example of calculation based on weekly trend direction for 1 Lot1
|
NIKE |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
67,000 |
39,000 |
19,000 |
-16,000 |
-21,000 |
-26,000 |
|
Profit or loss in €2 |
66,069 |
38,458 |
18,736 |
-15,778 |
-20,708 |
-25,639 |
|
Profit or loss in £2 |
57,199 |
33,295 |
16,221 |
-13,659 |
-17,928 |
-22,197 |
|
Profit or loss in C$2 |
86,926 |
50,599 |
24,651 |
-20,758 |
-27,245 |
-33,732 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 08:50 (GMT+1) 13/09/2022
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