Nike: Buy the Oversold Dip Ahead of the Catalysts
Nike is trading at multi-year lows with a $53B market cap, 17x trailing earnings, and a 4.6% dividend yield. Technicals show oversold conditions and a mild bullish MACD signal. With an upcoming catalyst runway (earnings, marketplace strategy and women's sports tailwinds), this trade targets a meaningful rebound while limiting downside with a clear …