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NIKE, Inc. (NYSE:NKE) is a blue chip that has often offered great buy-on-the-dip opportunities in conditions similar to what we see today in terms of margins, valuation multiples, and short-term trends. I think Nike remains a high-quality
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in NKE over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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