Nike (NKE) stock has been hammered over the past year, but one analyst thinks that the sneaker giant’s inventory troubles could be receding. “We are in the beginning of a sneaker supercycle,” Omar Saad, managing director at Evercore ISI said on Yahoo Finance Live (video above). “People are wearing sneakers more. They’re wearing through sneakers more. Their feet are absolutely used to the comfort that sneakers and other comfortable footwear bring during COVID and are hesitant to go back to… Source link
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TipRanks 3 Stocks Flashing Signs of Strong Insider Buying Sometimes, following a leader makes the best investment strategy. And corporate insiders have long been popular leaders to follow. Their combination of responsibility to their stockholders and access to ‘under the hood’ information on their companies gives their personal investment choices an air of authority.The most important thing about these insiders is that whatever else they do, they are expected to shepherd their companies to… Source link
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