Could Buying Nike Stock Today Set You Up for Life?

Nike (NYSE: NKE) was once a surefire moneymaking machine for shareholders. The global sportswear leader produced a monster total return of 3,600% in the 20-year period that ended November 2021, almost 7 times what the S&P 500 generated during the same time.The business made those longtime investors extremely wealthy. However, shares are currently 53% below the peak from roughly three years ago, as the company is dealing with some issues.Could buying this beaten-down consumer discretionary stock today set you up for life? Let's take a closer look at Nike.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool