Nike Stock News

Most investors treat tariff headlines like weather reports, something to grumble about and then ignore.

October is more than halfway over, but there's still time for investors to snap up some world-class stocks. For those wanting to bet on artificial intelligence (AI), Intel (INTC 2.94%) and International Business Machines (IBM 0.83%) fit the bill.

In an exclusive interview Nike CEO Elliott Hill says he's betting on a “return to sport” to revive the brand.

Bill Ackman is one of the most closely followed investment managers on Wall Street. At his core, he's a value investor, buying stocks in companies the market has turned against, but that still possess incredibly valuable assets.

Nike (NKE -2.29%) has seen sales go negative, and the brand has been under pressure by competition from all sides. Are shares now a value as the company performs a turnaround or is the future still bleak?

Plenty of companies will likely boost prices to protect their margins.

Nike is rated a Buy, as current valuation and negative sentiment create a long-term investment opportunity, despite near-term headwinds. NKE's "Sport Offense" realignment, wholesale channel recovery, and strong brand equity are driving early signs of top line growth and future earnings rebound. Major risks include $1.5B annualized tariff headwind, ongoing weakness in Greater China, and prolonge...

Nike CEO Elliott Hill hit one year at the helm of the sportswear giant. Hill took the reins as sales declined and demand weakened in key markets.