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Nike sales and shares drop post-2021 following social justice campaign backlash, Jon Najarian notes

Nike sales and shares drop post-2021 following social justice campaign backlash, Jon Najarian notes
Nike sales and shares drop after 2021

Jon Najarian, co-founder of Market Rebellion, observes that Nike experienced a significant drop in sales and stock performance after 2021.

Najarian links this downturn to criticism surrounding Nike's social justice initiatives, such as supporting Colin Kaepernick and emphasizing diversity, equity, and inclusion (DEI). He suggests that these moves negatively impacted the brand and expresses hope that Nike can recover.

Najarian has recently highlighted major shifts in other large-cap stocks. He noted that Nvidia’s $5.4 trillion market cap surpassed the entire Russell 2000 by $2 trillion. Following weak U.S. jobs data, he also pointed out that odds for a Fed rate hike fell as markets favored growth tech, homebuilders, gold, and REITs.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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