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.
From other sites
Comments (1)
  • civ-e
    , contributor
    Comments (401) | Send Message
     
    i didn't realize one could trade based on known regular scheduled events.
    4 Jun 2014, 09:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs