The stock market has already crashed: Why a Wall Street veteran says Nike is the ultimate turnaround trade.
Summary
A Wall Street expert argues that despite record highs in the broader S&P 500, many underlying companies are actually experiencing sharp market crashes. Within this environment, he highlights athletic apparel giant Nike as a prime opportunity for a major financial recovery.
Larry McDonald says the S&P 500’s record chasing is hiding lots of companies with sliding stocks. He has ideas on how to play that.
Source: Read the full story at MarketWatch.com - Top Stories
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