NKE Stock down 2.65% thus far today. Biggest loser on DJIA.
- Thread starter hunkgolden
- Start date
The news is all over the market and you want to discuss my personal investment habits? Interesting. For those wishing to discuss something other than my 401k, here's a good starting spot:
"Nike's shares were down 2.6%, or $2.19, shaving about 15 points from the price-weighted Dow DJIA, -0.26% of which it is a component, after the sports-apparel giant unveiled a new 30th anniversary ad campaign that features Colin Kaepernick, the NFL quarterback who led player protests against racial injustice and police brutality during the national anthem. The move by Nike is being viewed as highly political."
Right - cause resident genius Indy35 is going to bless us with his thoughts? You two should take your show on the road.
"NFL quarterback who led player protests against racial injustice and police brutality during the national anthem."
At least the article got this part right. I'm sure you and your brethren still think it is directly against the USA and the flag.
They had been losing market share to Adidas for quite a while so time will tell if this move to gain street cred was a smart one.
You're not even smart enough to know the answer to that. It all depends on how much they gain by those falling for this desperate act vs. those offended by CK's national anthem protests and "pig/cop" socks. This could be a momentary setback or it could be the tipping point. Time will tell.
Adidas is down more than Nike is today. Neither is a sign of anything.
You're just coming off desperate, which I'm guessing is a frequent thing.
You're just coming off desperate, which I'm guessing is a frequent thing.
I post that its interesting that Nike stock is down almost 3% the day after they announce their CK advertising campaign and you think that's a sign of desparation? Well Damien, its all over the market news today so apparently all of these wall street media types are deparate too? Are you really Indy35?
https://www.cnbc.com/2018/09/04/nik...w-ad-campaign-featuring-colin-kaepernick.html
https://www.thestreet.com/markets/n...d-in-anniversary-just-do-it-campaign-14700227
https://markets.businessinsider.com...n-kaepernick-just-do-it-ads-2018-9-1027505866
https://www.yahoo.com/news/nike-stock-down-kaepernick-deal-165350256.html
Haha, did someone get their feelings hurt that they keep getting proven wrong in their beliefs? Not my fault that so much of what you want to believe is true just isn't.
Highly disagree. What is the last example of a major corporation making a PR blunder and not recovering from it? Heck United had like 6 controversies in as many months and they their stock price has only gone up YTD. Nike isn't a major corporation, it is the market leader in many categories and I believe the global leader in apparel sales. They can do whatever they want.
These types of instances make me laugh due to the high levels of whiny hypocrisy. BOYCOTT! DESTROY THINGS IVE ALREADY PAID FOR. Idiots.
Guaranteed Nike did their analytics and predictive modeling due diligence on this.
Nike lost almost $4 billion in market cap today. Time will tell if the CK ads will do enough to offset the loss of business from folks who don't like police officers being called pigs.
Nike surely knows that their core customers aren’t 60 year old white guys with a high school education. They didn’t get to where they are by just throwing darts at a dartboard with decisions like this.
Yes, and correlation does not equal causation. Unless of course you're desperate for something to validate your opinion.
Nike ended up down 2.6 today, Adidas 2.4. Puma 1.8
It's almost like a reasonable person would look at the information as a whole, not just cherry pick.
I provided information just like every other wall street publication did. Are you going around and telling them that they are desperate too? As I've said throughout this thread - time will tell if this was a good decision or not. And yet you think that sounds desperate. Me thinks you're either a Nike shareholder or someone consumed with white guilt...or both.
Oh I have a very clear understanding of why he thinks he's protesting. And there can certainly be a debate on whether his reasons for protesting are legitimate and there can be a further debate on whether or not his protests accomplished anything. As one prominent black sports personality said today: "Told y'all from Day One this has always been about the money. All of it. Revolutionaries aren't sponsored by major corporations. It's been a hustle from the giddy-up."
You ignored every bit of information that countered your point and refused to view the day as a whole. Coming to the conclusion that the stock impact was because of Kapernick, and had to ignore what other major shoe companies did today.
I realize your gimmick on here is posting insane things and then digging in but at some point you have to be an adult and view things pragmatically, whether or notthey lead to the conclusion you want. Throwing a temper tantrum and accusing anyone of white guilt whose capable of looking at the situation pragmatically does not change the fact that you cherry picked to get to a conclusion.
If somehow this whole thing just leads to more people wearing skechers that would be spectacular.
If you're not Indy35 you have to be related. Let me repeat this to you for the third time. Every single market publication ran a story today about Nike losing $4 billion the day after they announced CK's new ad campaign. Did they ignore all of the information too? Again, its all over the news. Why are you acting as if I'm the only one discussing it?
Under Armour was too. But apparently Damien forgot to throw that bit of info out there.
Why not address the question? Other people said the same thing I said isn't a defense of your point. Neither is starting every post venting your creepy as hell obsession over some other guy on the board.
One of the the posts even say it's not clear if it has anything to do with Kaepernick lol. Did you even read these?
You clearly haven't read my posts on here and I'm tired of repeating myself so good night sir.
Nothing like some good ol' homophobia from those unable to make valid points. Well played I guess.
Back to the topic at hand for the adults wanting to discuss whether or not this was a good business decision by Nike. Based on the below polling, it would appear the company has alienated a portion of their customers.
https://www.washingtonpost.com/news...g-the-national-anthem/?utm_term=.11f0180f6fb8
Back to the topic at hand for the adults wanting to discuss whether or not this was a good business decision by Nike. Based on the below polling, it would appear the company has alienated a portion of their customers.
https://www.washingtonpost.com/news...g-the-national-anthem/?utm_term=.11f0180f6fb8
Chris Kyle's wife has some thoughts on the matter.
https://www.updateamerica.com/ameri...nce_pens_blistering_letter_to_nike_kaepernick
https://www.updateamerica.com/ameri...nce_pens_blistering_letter_to_nike_kaepernick
It will be interesting to see if any of their school contracts get cancelled over this.
Not sure if anyone listens to Clay Travis on Fox Sports radio but he writes an interesting opinion:
https://www.usatoday.com/story/opin...pernick-ad-boycotting-nike-column/1189989002/
And Indy's own Jason Whitlock chimes in:
https://www.usatoday.com/story/opin...pernick-ad-boycotting-nike-column/1189989002/
And Indy's own Jason Whitlock chimes in:
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