Hidden China Recovery Play? ð
$Nike (NKE.US)$ Everyone chasing AI names at ATH while $NKE might be the sleeper China recovery play.
Trumpâs China trip includes major US CEOs and the market may be underestimating what improved US-China sentiment could mean for beaten-down consumer brands.
Nike is still ~45% off highs, sentiment is washed, and expectations are low.
Doesnât need perfection. Just stabilization + improving China demand narrative.
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