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u/Spartanghostt6

3 theses · first seen Oct 20, 2026
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Past performance does not predict future results. Informational only, not investment advice.

Thesis history

$NKEr/wallstreetbetsDiscussionbearish
u/Spartanghostt6 · 19d ago2 prior · awaiting results
“played shorts but way otm (long puts, out-of-the-money)”

Nike a $20 stock soon ?

Nike missed revenue, guided for high-single-digit FY2027 revenue decline, and faces headwinds including 26% China sales drop and delayed turnarounds. Despite already trading near 13-year lows, the stock lacks a clear catalyst to recover to $50+ and could plausibly decline further toward $20 as management continues restructuring without near-term recovery catalysts.

At post $35.15Now $40.76+16.0% since postedas of Aug 24, 1:28 PM ET
original post →
$NKEr/wallstreetbetsDiscussionbearish
u/Spartanghostt6 · 20d ago2 prior · awaiting results

Nike earnings are tomorrow and nobody seems to give a …💀

Nike is a dead stock with no fundamental improvement in sight despite potential earnings beat. Even a temporary 10-15% pump would not reverse the longer-term decline, and the author expects the stock to eventually reach $20 over the next 1-2 years.

At post $35.40Now $40.76+15.1% since postedas of Aug 24, 1:28 PM ET
original post →
$NKEr/wallstreetbetsDiscussionbearish
u/Spartanghostt6 · 24d ago2 prior · awaiting results

Could Nike fall to $20 ?

Nike faces structural headwinds with flat FY2026 revenue, declining direct sales and Converse division, and a stalled turnaround story. The stock has fallen from $100+ to $30s despite market strength, and analyst downgrades signal further downside toward $20 as the brand strength argument weakens amid competitive pressure and changing consumer preferences.

At post $36.39Now $40.76+12.0% since postedas of Aug 24, 1:28 PM ET
original post →

End of results.