This S&P 500 Stock Is Down 68%: Should You Buy It Now and Hold for 20 Years?
Because of how well it represents the performance of the overall stock market, investors seem to always have their eyes on the S&P 500 index. This benchmark contains some of the largest and most profitable companies in the U.S. Despite its solid long-term track record, it has been under pressure in the past couple months due to economic worries.Some businesses in the S&P 500 have fared a lot worse. In fact, there's a consumer discretionary stock that's a tear-jerking 68% below its record (as of April 22). Continue reading to learn more about this company, and then can decide if it's time to buy shares and hold them for the next 20 years.If a stock is down nearly 70% from its peak, there is definitely something fundamentally going wrong with the business. This is the case with Nike (NYSE: NKE).Continue reading
Because of how well it represents the performance of the overall stock market, investors seem to always have their eyes on the S&P 500 index. This benchmark contains some of the largest and most profitable companies in the U.S. Despite its solid long-term track record, it has been under pressure in the past couple months due to economic worries.
Some businesses in the S&P 500 have fared a lot worse. In fact, there's a consumer discretionary stock that's a tear-jerking 68% below its record (as of April 22). Continue reading to learn more about this company, and then can decide if it's time to buy shares and hold them for the next 20 years.
If a stock is down nearly 70% from its peak, there is definitely something fundamentally going wrong with the business. This is the case with Nike (NYSE: NKE).
