Nike Bombs

In May, I listed 13 “stocks to avoid.” One of the stocks I listed was Nike ($NKE). At the time, Nike was at $108.26 per share.

The stock closed today at $96.89. Shortly after today’s close, Nike reported earnings of $1.17 per share which was 20 cents below Wall Street’s expectations.

The stock is down to $88.50 after hours.

Posted by on June 28th, 2012 at 4:24 pm

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