Beijing or Bust

Tuesday, 18 Mar 2008 | 7:23 PM ET
Tomorrow's Trades #2: NKE
Nike hoping global growth will power earnings, with the Fast Money team.

Nike is simply the most mature stock in an otherwise flighty industry, according to Jeff Macke. With its unbelievable overseas exposure, “you have to own this stock” going into the Olympics, he said.

Tim Seymour agreed, although he noted that manufacturing inflation in China is finally starting to rise and that could hurt Nike’s operating costs there. That said, he thinks the company’s margins still look great.

It’s best-in-breed, plain and simple, according to Pete Najarian. And with Tiger Woods as a sponsor, how can you go wrong owning NKE?

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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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