Oppenheimer's Nagel: Market Has Nike Wrong

The transcript discusses the market's reaction to Nike's recent report, which led to a stock decline. Despite this, the speaker believes the market is overreacting and sees investment opportunities in Nike, citing its strong brand. The discussion covers Nike's inventory challenges due to supply chain improvements and clarifies that there is no demand issue. The potential impact on the industry and Nike's pricing power are also examined. Finally, the European market's condition and currency effects are discussed, with a focus on Nike's growth in North America and China.

In what ways could Nike's inventory clearing impact other brands in the industry?

What is the speaker's outlook on Nike's ability to maintain pricing power amidst rising inflation?