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Analyst Says Nike's Strong Growth To Get Boost from Beijing Olympics

Isaac Green, chief executive officer of Piedmont Advisors, told CNBC’s “Morning Call” that he believes Nike can grow at about 14% in the future.

He called Nike a “maturing growth stock” and said the company had used its strong cash flow to buy other brands such as Converse, which is growing at more than 20% in the U.S. Market. He said the Beijing Olympics will increase Nike’s sales in Asia.

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He likes MEMC Electronic Materials, a maker of silicon wafers used in semiconductors and solar panels. He said high oil prices make alternative energy sources increasingly important.

Finally, Green likes Nobel, a provider of offshore contract drilling services for oil and natural gas.