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Strategies & Market Trends : Trader J's Inner Circle
NVDA 188.23+0.1%Nov 7 9:30 AM EST

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From: Trader J7/1/2024 11:19:22 AM
1 Recommendation

Recommended By
apatel1

   of 56532
 
TRADE: Bought NKE at $75. First position in this stock ever and I am leaving room for two more legs of the position. I don't see a quick turn around but the nearly 2% dividend with the Olympics right around the corner, along with a huge selloff makes this a sit-and-wait long-term play.

As I seek to trim my top positions, NKE is the type of play I'm comfortable holding into the summer doldrums as I am expecting a market retracement while we wait for the first Fed ease.
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