Nike (NYSE: NKE) shot up in value on Friday, and it could well be set for more growth this week.
Nike is one of the world’s most well-known companies, though you may never have thought about investing in it before.
However, you may now have been awakened to this possibility given the company’s stellar market performance in recent days.
To help you make a good investment decision, this article covers everything you need to know about Nike before investing. We explain what the company is, why the Nike share price is surging in value, and whether or not you should invest.
To get things started, scroll down to find out the best places to buy Nike stock in the UK and elsewhere.
How & where to buy Nike stock online
To invest in Nike shares, or the shares of any other publicly traded company, simply sign up to an online stockbroker, fund your account and purchase stock.
To help you get started, we have listed the two best platforms to trade Nike stock below. Their selection has been confirmed thanks to their low fees, general ease of use and clean interfaces.
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What is Nike?
Founded in 1964 by Phil Knight and Bill Bowerman, and headquartered in Oregon, United States, Nike is an American multinational corporation that designs, develops, manufactures, markets and sells footwear, apparel, equipment, accessories, and services.
It is highly likely that you have some Nike apparel somewhere in your wardrobe given it is regarded as the world’s most valuable clothing brand.
Nike stock has surged in value following really strong financial results. In fact, the clothing giant is forecasting full-year sales in excess of $50 billion, as it rides the wave of easing lockdowns and increased demand from primarily North American shoppers.
Should I buy Nike stock?
For a company this large to be generating this level of growth is impressive. So, if you are looking for a fairly low-risk value stock with serious growth potential and a seemingly limitless ceiling, investing in Nike could be a good move ahead of further stock price accretion.
However, before you invest, make sure you conduct all of the necessary due diligence so that your investment is educated and informed.