Good Morning,
Nike NYSE: NKE shares are sprinting higher after its FQ1 release. The takeaway from the report is that this leading shoe and apparel manufacturer’s business is normalizing in the wake of the COVID bubble, and the stage is set for continued, long-term growth. The question for investors today is if this stock is a good buy for long-term holders, and, by all accounts, it is. While there are still headwinds to overcome, the company’s brand recognition, lean into DTC, and digital sales have it set up to outperform the sector and drive returns for investors. Among Nike’s attractions is its relative status as a Dividend Achiever. Dividend Achievers are stocks with an established history of dividend growth and an outlook for continued distribution growth. Investors looking for the next Dividend Aristocrats might want to focus on this list: Nike is among the top-rated.
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Rothschilds' wealth secret
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William Bushee
MarketBeat |
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