Don’t Wait for More Shoes to Drop. Nike Stock Is a Bargain.
Nike coming earnings are likely to be as stinky as a pair of sweaty old sneakers and gym shorts—but that could be the end of the bad news for the stock. The good news is that there is hope for a turnaround following the looming return of longtime exec Elliott Hill on Oct. 14, who will succeed the retiring John Donahoe as CEO. The iconic maker of Air Jordans needs a refresh.