In the economy we live in today, the value of money is taking a nosedive as we speak. That doesn’t bode well for the lengths we go to for securing a healthy source of income. This has led to an increasing number of people exploring investment avenues to keep up with inflation.
And one such lucrative area of investment is Nike stocks.
Nike has always been more than just a brand, and Nike stocks encapsulate that. Before you invest your hard-earned money in any type of stock, however, it’s crucial to do your research.
Don’t know where to start? Don’t worry, we got you. Here’s an overview of Nike company that can help you seal the deal on its stocks.
Nike, Inc. is an American multinational sportswear company headquartered near the city of Beaverton, Oregon. It designs, develops, manufactures, and markets a host of athletic wear and accessories.
The world’s largest athletic wear brand, Nike utilizes advertising-supported sales growth by sponsoring top sports personnel to represent their brand. As of 2021, they have taken the initiative to minimize consumer waste by refurbishing returned sneakers and selling them at a lower price rate in a bid to combat climate change.
Founded: January 25, 1964
Originally founded as: Blue Ribbon Sports
Founders: Bill Bowerman and Phil Knight
CEO: John Donahoe
Ticker Symbol: NKE
Subsidiaries: Current: Converse Inc
Sold: Hurley International LLC, Jordan Brand, Umbro Ltd.
Value: Over 32 Billion US Dollars
Number of Employees: 76000. The number is spread in batches of varying sizes throughout the globe.
Market Cap: $271.91 Billion (as of November 2021)
Company Type: Public
Nike stocks are one of the most profitable avenues for investment. What started as a mediocre close of $0.18 on IPO day on the first day of trade has now grown to a whopping $171.83 (as of November 2021). Safe to say, IPO Nike has made its mark in the industry and is experiencing a steady rise in the share market, allowing individuals to make the most out of their investments.
Within a decade, Nike experienced a massive 511% increase in its stock price. As Nike’s income grew, the company started paying quarterly cash dividends from 1984. Their outstanding performance in the stock market fueled by their consistent growth rate led Nike to increase their dividends by 14%, opening more avenues or investments to a global market.
As a leading sportswear brand, Nike thrives on the demand and supply marketing strategy. So, investing in its stock may prove to be quite beneficial. But remember, change is inevitable and you should be prepared to take that risk.
If you’re keen on investing, make sure to read Nike’s annual report to analyze its stock performance.
Thinking of purchasing Nike stocks but don’t know how to go about it? Here’s a guide to help you invest your money safely.
Before you jump the gun, decide the amount you’re willing to put down. Stock prices are very versatile. So, even if you have a steady flow of income to make up for any loss of your savings to stock, make sure to only invest an amount that doesn’t significantly impact your quality of life if you were to face losses.
When looking for a good broker online, inquire about their commission and fees, the type of trading platforms they can access, the type of investments (stocks, funds, or investments) they can offer you according to your citizenship status, etc.
You should also verify whether your broker can access NYSE as that’s the main platform Nike shares are traded on.
Once you’ve finalized a broker, the next step is opening a brokerage account. Think of it like opening a bank account.
If you fit the criteria and comply with the rules set forth by the broker’s website/company, it won’t take much time to open an account with them. However, if some safety regulations are in place, expect to see some delays.
To purchase shares, you will need money in your bank account. Some brokers may help speed up the process and help you trade by credit. This is why it is crucial to find a good broker that can help speed up your investment journey.
Verified services like Plaid can speed up your money transfer process. You can also explore other options that can help you transfer money from your checking account to fund your brokerage account.
Once your money hits the brokerage account, it’s time to navigate the world of stocks and customize it to suit the investment you’re willing to make. After purchasing stocks, keep track of their performance to check whether it aligns with your investment goals.
Depending on the analysis, you may choose to add more stocks to your portfolio or minimize the existing ones.
Stock trading may sound complex at first, but once you’ve got the hang of it, it can be a pretty smooth sail.
If you’re uncertain, you can always come back to this guide to decide on your next steps.