Beijing or Bust
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?