Nike (NKE) is the 'Stock of the Day' at Real Money Thursday. The stock of the athletic shoe and sneaker maker is up on the heels of a Goldman Sachs upgrade to 'Buy' and placement on their so-called Conviction List. I am not convinced until I check out the charts.
More from Investing
These names are at or near bearish territory based on technical patterns.
The Disney+ effect, regional subscriber growth and 2020 content spending and free cash flow guidance are among the things to track as the streaming giant reports.
Charts are far more valuable as a tool for trade and portfolio management.
Trying to fight the positive trend has been a disaster for the naysayers.