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Nike Poised for Upward 2012 Swoosh, Pros Say

With major sporting events next year and acquisition of a franchise license ahead, Nike appeared poised for a strong 2012, “Fast Money” pros said Tuesday.

“I think they’re doing a nice job,” trader Tim Seymour said. “I think these numbers are excellent, I think the demand is there, and I think the margin side can get better.”

Nike’s second-quarter profit rose 3 percent, beating estimates and leading shares up 25 cents at $93.63. After-hours trading took the price to $96.

Next year could be even better, Robert Samuels of WJB Capital Group said.

“When you look into next year, it’s a very big year in terms of sporting events. We’re going to have the London Olympics, the Euro Cup. Nike’s going to take of the NFL license in April,” he said. “If you look back historically, Nike’s outperformed the S&P 500 in each of the past five Summer Olympics years.”

Samuels initiated a $105 price target for Nike, which was expected to raise prices to offset increasing costs while increasing its market share in 2012.

“They really continue to be the real king when it comes to the athletic footwear space,” he said.

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Trader disclosure: On Dec. 20, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Seymour is long BAC; Seymour is long INTC; Seymour is long CSCO; Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Terranova is long VRTS; Terranova is long IBM; Terranova is long LQD; Terranova is long MUB; Terranova is long EMC; Terranova is long CSCO; Terranova is long AXP; Terranova is long SBUX; Terranova is long TRLG; Finerman owns AAPL; Finerman owns BAC; Finerman owns JPM; Finerman owns IBM; Finerman owns CVS; Finerman owns DIS; Murphy owns AKS; Murphy owns BAC;

Mike Khouw
Cantor Fitzgerald is a market maker in securities of AAPL

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Brent Thill
The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in Oracle Corporation.

Stephen Schork
No disclosures

Mike McCormack
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Brian Kelly
Shelter Harbor Capital is long KRE

Shelter Harbor Capital is long IWM

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