Nike earnings are literally tomorrow and it feels weirdly silent. Nobody is talking about this stock.
MU just reported a monster quarter and somehow still sold off after earnings, so now I’m wondering what Nike could possibly say tomorrow that would actually save this stock.
What would it take?
A massive earnings beat?
Revenue coming in strong?
Better margins?
China finally showing signs of life?
Or would the market just pump it for a day and dump it right back down?
And is there any bears in this ? At this point I’m more interested in knowing **who is buying Nike down here** than who is selling it.
I still think Nike is a dead stock. Even if they beat tomorrow and we get some stupid 10–15% earnings pump, I honestly don’t see what fundamentally changes the longer-term picture.
I could obviously be completely wrong, but I still think this thing eventually sees $20 over the next year or two.
So what actually saves Nike tomorrow? And who is buying this at $35?