Seeking Alpha

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 (342) | Send Message
     
    i didn't realize one could trade based on known regular scheduled events.
    4 Jun, 09:04 PM Reply Like
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