Posted on 07/05/2019 1:13:48 PM PDT by Drew68
The heat Nike is taking over the controversy surrounding Colin Kaepernick and the Betsy Ross Flag Shoe is having another effect ... enhancing the brand's appeal to investors.
Nike shares are surging in the wake of the company's decision to recall its special Betsy Ross Flag Air Max 1 USA sneakers after Kaepernick complained the 13-star flag design was offensive because it's been co-opted by several white nationalist groups.
Since Nike pulled the plug on the sneakers following Kaepernick's objections earlier this week, Nike shares have seen a 2 percent increase since Tuesday, adding nearly $3 BILLION to the shoe giant's market value.
Friday afternoon, trading Nike shares were up slightly to $86.62 and the company's market value is now $136.38 billion.
The stock surge looks a lot like what Kevin O'Leary predicted a few days ago ... the "Shark Tank" investor told us Nike is taking advantage of the controversy with a firestorm of free marketing.
A similar trend involving Nike and Kap unfolded last year, with Nike stock rising and sales jumping after the Swoosh signed Kaepernick as a spokesman.
This being said, don't delude yourselves. There's a lot of money to be made right now in trashing America.
Somthing about this doesnt smell.right
Funny thing is, if those sneakers were in the stores and we had a blackout, their most loyal “customers” would be looting them and reselling them like hotcakes.
Lefties have money to burn ?
And let’s all remember, that the stock market reflects the collective decisions made by investors, both buyers and sellers.
Nike stock could have risen completely unrelated to this news. On the other hand, collective decisions by investors who made buy or sell decisions based on this are part of determining where the stock price will be.
We need to get serious about defunding the left to defend our country.
Abandon Fecebook
Boycott the swoosh
That's why every company--big and small--has been flying rainbow flags and putting trannies on the diversity team.
“Somthing about this doesnt smell.right”
Like an old sneaker
Nike chose to throw this controversy in on the day before Independence Day?
They let Colin Kaepernick run their public policy?
Two percent isn’t much of a surge.
No such thing as bad publicity.
Soros, without a doubt. I'd bet my retirement on it. It's his established MO. He has a long track record of artificially manipulating markets to achieve political ends.
It’s simple. Not every American is a right wing patriot troubled by Nike’s decision.
Like Rush said the other day it’s possible the whole thing was a setup. It’s a proven tactic now - Kapshi* bashes America, Nike sides with Kapshi* and Nike sales and stock price goe up.
I’m not sure why investors would think this is a good move. As long as they do though the companies will respond.
“go” up.
Tell that to Kevin Spacey
Woke Capital on Twitter is an outstanding account. He's been doing stellar work documenting all of this. Worth the follow, definitely.
Probably will be banned soon.
Spacey will be back.
This is flat out not true. They're going up similar to other stocks right now. The politics doesn't change stocks as much as we would like when a political issue takes place.
They will notice it the most on there quarterly reports.
Those aren’t serious. They’re nothing.
PS: Always think I not we.
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