Nike exits S&P 100 after 2 decades after woke stint

1,759 Views | 22 Replies | Last: 3 days ago by nachothrasher
Danielsjackson114
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https://finance.yahoo.com/markets/stocks/articles/nike-loses-spot-p-100-120000497.html

Go WOKE go BROKE
Danielsjackson114
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https://www.telegraph.co.uk/news/2023/04/06/dylan-mulvaney-nike-trans-influencer-social-media-post/

Never forget this Frankenstein, Dylan Mulvaney tranniez
william
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hard to do - but the woke sissy Ute pulled it off...............

- el UF

D!

wore these in 1982 track*.........



- KKM

... used them to run a blistering 2:18 880**

** yes 880............

BID.
Go Bears!
Dia del DougO
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Nike has been vastly overrated for decades, long before the "woke crap,"

It's just marketing.
Aberzombie1892
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Dia del DougO said:

Nike has been vastly overrated for decades, long before the "woke crap,"

It's just marketing.


This. Associating Nike's downfall with "wokeness" is silly.
Jacques Strap
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I don't buy their products, but it has little to nothing to do with marketing.

I like how Under Armour t-shirts fit, I prefer Asics for running shoes and prefer Altra's lone peak line for hiking shoes.
Dia del DougO
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I went from Asics to Brooks a couple of years ago and I'll probably never go back. Brooks Glycerin are the best thing I have ever done for my knees and feet.
bear2be2
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Aberzombie1892 said:

Dia del DougO said:

Nike has been vastly overrated for decades, long before the "woke crap,"

It's just marketing.

This. Associating Nike's downfall with "wokeness" is silly.

I would be absolutely exhausted if I spent as much time thinking about stupid partisan **** as the OP does (and far too many others here and elsewhere do).

It's just a really sad way to go through life IMO.

I could not give two squirts about how Nike -- or most other corporations -- are doing or for what reasons ... political or otherwise.
BellCountyBear
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I just don't like Nike because they bankroll Oregon's athletic dept…with mediocre results mostly.
DAC
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I stopped buying Nike when all the LeBron james crap happened. Haven't bought any since and I can't count how many pairs of cleats, running and basketball shoes I've bought since then. Not to mention all the practice jerseys , shorts, gloves etc .
Aliceinbubbleland
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bear2be2 said:

Aberzombie1892 said:

Dia del DougO said:

Nike has been vastly overrated for decades, long before the "woke crap,"

It's just marketing.

This. Associating Nike's downfall with "wokeness" is silly.

I would be absolutely exhausted if I spent as much time thinking about stupid partisan **** as the OP does (and far too many others here and elsewhere do).

It's just a really sad way to go through life IMO.

I could not give two squirts about how Nike -- or most other corporations -- are doing or for what reasons ... political or otherwise.


Absolutely spot on. Fear is a terrible thing.
Iran has Trump by his pu**y and no way they will let go
Mitch Blood Green
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BellCountyBear said:

I just don't like Nike because they bankroll Oregon's athletic dept…with mediocre results mostly.


Looking forward to your take on Tech. Personally, I believe they will out underperform Oregon.
PapaBear2458
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There is nothing wrong with not buying something because you disagree with the values a company has or the messages they put out- that is not a bad way to go through life at all- it's called having principles.
Danielsjackson114
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My favorite is when they had a trannie advertise their bra LMAO
DAC
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Danielsjackson114 said:

My favorite is when they had a trannie advertise their bra LMAO

What about the head wear for the suicide bomber
bear2be2
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PapaBear2458 said:

There is nothing wrong with not buying something because you disagree with the values a company has or the messages they put out- that is not a bad way to go through life at all- it's called having principles.

Unless your values are maximizing shareholder profits, there's not a major corporation that exists with priorities that actually align with yours.

Most companies you think align with your values don't give a **** about you or what you believe. They're just exploiting those values (and you) to build a loyal and easy customer base.
PapaBear2458
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I don't reality want to micro-analyze every company's values, but if there values are blatantly different from mine, I would rather not buy from them.
bear2be2
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PapaBear2458 said:

I don't reality want to micro-analyze every company's values, but if there values are blatantly different from mine, I would rather not buy from them.
I understand making personal decisions whether or not to patronize certain businesses based on such value judgments.

What I'll never understand is being so invested in the failure of a company I disagree with that I'd post about financial reports on a message board dedicated to a completely unrelated topic.

There are lots of companies with values and messages I disagree with. And on the rare occasions I feel strongly enough about that to avoid buying their products/giving them money for a reason other than product quality/value, I don't pay enough attention to them afterward to rejoice in their downfalls.

I just don't have the time or mental energy to track the politics/balance sheets of any corporation. It seems to me like a terrible way to spend what little time we have here on earth.
Acsteffy87
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Nike has made more the $3,000,000,000 in profit every year since 2021...
Including this year which is only 9 months in...

Attributing the stock price to "wOKe" means you don't understand global market and economic dynamics. And you clearly just get tickled way too easily when presented with cherry picked information without including the context and nuance.

It couldn't possibly be because of major divestment from physical product businesses tied to global trade agreements and the risk associated with shipping and energy costs.
Or the fact that major money moves have gone away from those things and into data centric and AI focused investments, which is propping up the entire speculative economy.

Every stock that isnt AI adjacent has been hit bad over the past 5 years.

But yeah, going woke had everything to do with it. What a major high IQ assessment.
Dia del DougO
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It's not even the "values" that destroy everything. It's the propaganda behind pushing them. It's all marketing, to reach demographics, or to prevent political pushback from highly organized movements.

Company values are overwhelmingly to make profits. They do what they feel they need to do for the times in order to reach the most customers, or to not turned off the most customers. It's always a balance. They sway with the cultural and political winds that they don't control.

Manipulation from all sides is why we can't have nice things. It's mostly smoke and mirrors, and how good or bad they are at playing the big magic show.
BearBall
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Imagine the poor kids that were making $5.00 / day to make these products.
Mitch Blood Green
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Acsteffy87 said:

Nike has made more the $3,000,000,000 in profit every year since 2021...
Including this year which is only 9 months in...

Attributing the stock price to "wOKe" means you don't understand global market and economic dynamics. And you clearly just get tickled way too easily when presented with cherry picked information without including the context and nuance.

It couldn't possibly be because of major divestment from physical product businesses tied to global trade agreements and the risk associated with shipping and energy costs.
Or the fact that major money moves have gone away from those things and into data centric and AI focused investments, which is propping up the entire speculative economy.

Every stock that isnt AI adjacent has been hit bad over the past 5 years.

But yeah, going woke had everything to do with it. What a major high IQ assessment.


Yep.

There were 4 companies removed during this cycle.

Nike
Honeywell
Colgate Palmolive
Simon Property Group.

nachothrasher
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Hey now...

Doesn't Nike give BU money???

That's the only value that matters in this forum. Money for players. Money for coaches.

Right???
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