Don’t Be Short Sighted About Nike

Fears surrounding sales of its famed basketball sneakers has weighed in Nike ( NKE ) in 2016. Next week, the iconic sports apparel company will unveil fiscal second quarter financial results, and analysts will be looking closely for signs that Nike continued to lose share to rivals Under Armour ( UA ) and Adidas ( ADDYY ). Last week, Barron’s cautioned investors against buying the stock on the heels of a downgrade by Cowen’s John Kernan . But today, a string of analysts have argued that recent pressures facing Nike are temporary and the stock offers an attractive opportunity .