Step up to Nike (NKE): A 'great company'

Filed under: Major movement, International markets, Newsletters, NIKE, Inc'B' (NKE), DJIA, Stocks to Buy, Recession

"The conditions are in place for a 'Best Buy' opportunity," says Jim Stack, whose buy signal should receive special attention give the accuracy of his sells signals which side-stepped the bear market.

In addition, the money manager and editor of Investech Market Analyst is beginning to increase his equity positions, such as Nike (NYSE: NKE). He states, "With a portfolio of iconic brands, an identified growth strategy, recognized innovation, and sound financial footing, Nike fits the bill of being a great company."

"Very rarely do we have all these conditions in place - that's only occurred five times in the last 45 years. Historically, this means we should give the growing evidence of a new bull market every benefit of doubt.

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Step up to Nike (NKE): A 'great company' originally appeared on BloggingStocks on Thu, 02 Jul 2009 11:30:00 EST. Please see our terms for use of feeds.

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