10.06.2014 - Nike is worth buying after the FIFA World Cup

Before the start of the FIFA World Cup in Brazil, analysts are speculating on the manufacturer of sportswear and accessories Nike. According to historical experience, now is time to fix the long positions on the stock and re-buy them 2-3 months after the World Cup.

We recall that the World Cup will start in Sao Paulo on June 12. Despite the fact that some experts estimate that shares are overbought, we maintain our positive long-term outlook on the stock due to stable sales growth and increase of the market share.

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