Just released: the 3 best growth-focused stocks to consider buying in December [PREMIUM PICKS]
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Our monthly Fire Best Buys Now are designed to highlight our teamâs three favourite, most timely Buys from our growing list of growth-focused Fire recommendations, to help Fools build out their portfolios.
âBest Buys Nowâ Pick #1:
Nike (NYSE:NKE)
- Nike is the worldâs leading sports shoe and apparel business â though itâs currently facing some near-term challenges.
- The company, which has faced stiff competition in recent years from smaller competitors, is focused on releasing innovative new products at a faster rate and moving further towards sports and away from oversaturated lifestyle products.
- Amid the transition to quicker launches of compelling products, Q1 sales grew by 1%, with a small sales decline forecast for Q2.
- In the longer run, the company might rebuild margins â which have fallen due to excessive promotional pricing and tariffs â through new product launches and strong marketing.
- Early are that its new running shoe lineup is being well received (Nike Running grew by 20% in the quarter), while Nike Digital is being repositioned as a full price business with fewer promotional days and lower markdown rates.
- When Elliott Hill became COE last year, his aim was to deliver âbold, innovative products that set us apart in the marketplaceâ. While thereâs still work to do, the company appears to be building momentum. We remain optimistic about the strength of the brand, its products, and marketing capabilities
âBest Buys Nowâ Pick #2:
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Should you invest £1,000 in Nike right now?
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The Motley Fool UK has recommended Nike. Ian Pierce own shares of Nike.
