Trying to make such a short term prediction is as effective as flipping a coin.
However, I can tell you that I personally would not put my money in Nike at the moment. It's moderately overvalued at a 25 P/E with 22 forward P/E, and a very high 6 P/B ratio. The company does have a strong brand name, which may warrant some overvaluation, however there are many other companies out there at better prices.
Given that Nike's market cap grew about 25% in 2013, when the company obviously did not do anything that warrants a 25% increase, I'm leaning towards saying that Nike has a better chance of decreasing rather than increasing.
Based on the recent downfall of capital of top bid investors in NKE (Nike) it will not rise or drop dramatically. My personal opinion is that it will increase due to the current restocking of kd6 shoes in the market, And kd talking about a new design plan for shoes; i will foresee it increasing from 0.5% to 1.5%. But i do insure that the trend will fold and the stock will rise within 2 weeks. I personally think that NKE is a hold. Hope i Helped
What are you talking about. They're not even close to being down 6%.
One thing for sure, its going to go up or its going to go down.
Take Care
i don't know
They're down almost 6% but will they improve tomorrow ?
