$NKE

Nike, a world-class brand fallen 75-80% and 30% below its 200-month moving average, shows a category-five capitulation score like Exxon Mobil in Nov 2021 and Intel a year and a half ago. With a $51B market cap, ~$3B free cash flow next year, and heavy volume (360M shares vs 1.1B float), buy it aggressively.

Bullish
“Larry McDonald: S&P 500 Could Crash 30% Over the Next Year”
WealthionPublished Oct 16 · 1 passage

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And another one, I mean, I'm just thinking about Nike, Meg, okay ? Think of Nike. You have the Olympics in 2028, right? This is the current Nike. It has decreased by about 75, 80%.

Nike's free cash flow will be around $3 billion in the next year. Market cap of $51 billion. And you know what? 360 million shares were traded last week. And the float is 1.1 billion.

Okay , 1.1 billion shares. So, 360, in other words, the capitulation score we get at Nike is category five. This is like Exxon Mobile in November 2021. Think about that capitulation.

This is like Intel a year and a half ago. We are talking about a Category Five storm, like a hurricane. That's exactly what happened with Nike. When you can buy a world-class brand that is trading 30% below its 200-month moving average.

Then you will do it twice a day, every day and on Sunday.

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