04.07.2016 - We forecast growth of Nike shares

Nike shares remain among the most attractive on the market despite the limited growth potential of 18-20% by the end of the year. Support for the stock in the coming months will be such sporting events as the European and American football championships and the Olympic Games that will be held in Brazil. It is worth mentioning that the company's revenue totaled 8.24 billion dollars in the second quarter, which is less than the forecast of 8.28 billion dollars, but on the other hand orders for shoes and apparel in the period June-November increased by 8% to 14.9 billion dollars. We expect growth of quotations of the company in the medium term, despite a possible decline in the near future.

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