Nike, Inc.
NKE (NYSE)
Forecast has expired
Ended: Friday June 30, 2006
Target
$80.00 and below
-$0.48 (0.6%)
Time Span:2wks and below
Final
$44.30
-$36.18 (45.0%)
Recommendation
Rating:Strong Sell
Risk:Moderate
Stop Loss Price:Unspecified
Final XP:
0
Target reached
Analysis
Earnings reported a slip after heavy spending around the World Cup and the effects of higher material costs ate into its sales and margins. This would mean that my forecast made well over a month ago won't meet it's target, and I now expect the slight drop today and the better part of this week. I do; however, expect a jump back in their prices due to higher reported orders in the coming near future