3 Reasons Nike Is a Must-Buy for Long-Term Investors

Nike (NYSE: NKE) has been a top stock to own throughout its history. However, the business has struggled in recent years, and the stock has floundered.Under former CEO John Donahoe, the company took its eye off the ball. It prioritized technical strategies, like performance marketing and its direct-to-consumer business. However, it lost sight of long-term priorities, such as developing new products, maintaining retail relationships, and building the brand.The company replaced Donahoe with Elliott Hill in September. Hill, a longtime Nike veteran, came out of retirement for the job. He has held several high-level positions with the company, including overseeing products and a range of geographies.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool