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Wednesday 26 June 2013

Stocks to watch- Nike

Deutsche Bank rated Nike a "Buy"
Nike is severely oversold
Its earnings report is due tomorrow after market closes
Analysts have positive estimates
Nike's balance sheet hints that its revenue is increasing faster than its inventory, indicating that their products are selling well
Can Nike's earnings beat estimates?
It doesn't matter today, "just buy it" as investors might also buy ahead of its earnings report
Again, we'll need to see the market's reaction if we're correct before trading

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