Filed under: NIKE, Inc'B' (NKE) , Stocks to Buy. After meandering for most of the summer, Nike Inc.'s ( NKE. ) stock has accelerated above its 50-day moving average, and that's one reason I'm Reiterating my Buy rating for the company's shares, first recommended on May 12, 2009. at a price of $50.98. If you bought NKE in May, you're up about 27% Look for Nike to record a roughly 7-9% earnings gain in 2010, aided by emerging market sales gains. What's more, the major source of institutional investors's (IIs') concern this summer - U.S. sales - appears to be fading: 2010 U.S. sales will likely drop 2-3%, due to the continued 'frugal consumer' trend - a down year but certainly not a disaster, for NKE, which does about 60% of its business outside the U.S. The First Call FY2010/FY2011 EPS estimates for NKE are $3.65 to $4.01. Continue reading Nike is in an uptrend. Nike is in an uptrend. originally appeared on BloggingStocks. on Mon, 23 Nov 2009 13:40:00 EST. Please see our terms for use of
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