Buy NKE by Nov 2, 2026.

Everybody loves to hate Nike stock these days especially JP Morgan who just downgraded it to a SELL and lowered their price target to $40 but since the sharp selloff in early April, NKE has repeatedly approached the $40 area without producing a sustained breakdown. I think one day it touched $39.97 intraday but closed at $40.00. Each revisit has attracted buyers, suggesting institutional demand is accumulating at those prices rather than disappearing. It’s been almost five months of trading …