Analysis: Sit out the Nike World Cup trade


Canaccord Genuity warns that buying shares of Nike (NKE) in anticipation of a World Cup rally is a risky proposition.

Over the last six World Cups, Nike has typically peaked in the months ahead of the global event before settling back during the tournament.

Volatility in Nike trading during the soccer-frenzied months has also been sky-high.

Analyst Camilo Lyon recommends investors look for a buying opportunity well-after the FIFA World Cup Trophy has been lifted.

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Comments (1)
  • civ-e
    , contributor
    Comments (685) | Send Message
     
    i didn't realize one could trade based on known regular scheduled events.
    4 Jun 2014, 09:04 PM Reply Like
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