In the period of the month I have lost almost 9% of my capital in the markets 😆.

I am partly glad I made sales of companies that were at quite high P/E before the falls such as:

$ABNB (-6,76%)

$AMZN (-5,99%)

$WMT (+0,32%)

Or companies with a lot of debt relative to their assets both those I avoided buying and those I bought (perhaps somewhat impulsively 🙄) such as:

$WISE (-3,26%)

$VFC (-21,02%)

However I have learned my lesson when markets fall everything falls (to a greater or lesser extent) no matter how cheap or to put it another way how good an opportunity the price at which a stock is trading at the moment may be because of the market environment it will most likely fall by default 🤷‍♂️

Anyway the plan remains the same:

• Generate Long Term Wealth
• Contribute more in difficult periods.
• Learn from Mistakes and Keep Improving

Sales of selected competitors of Nike $NKE (-8,68%) :

Nike(USA): $49.0 billion, -8% in the last quarter compared to the previous year, $NKE (-8,68%)

Adidas*(Germany): $24.6 billion, +7%, $ADS (-10,55%)

Lululemon**(USA): $10.2 billion, +9%, $LULU (-6,07%)

VF Corporation**(USA): $9.9 billion, +2%, $VFC (-21,02%)

Anta Sports*(China): $9.7 billion, +14%, $2020 (-4,05%)

Puma*(Germany): $9.3 billion, +0%, $PUM (-8,94%)

Skechers**(USA): $8.7 billion, +13%, $SKX (-10,57%)

New Balance*(USA): $7.8 bn, unlisted

Under Armour*(USA): $5.4 billion, -6%, $UAA (-14,52%)

Deckers Brands**(USA): $4.6 billion, +17%, $DECK (-11,5%)

ASICS*(Japan): $4.1 billion , +16%, $7936 (-10,8%)

Li Ning*(China): $3.9 bn, +2%, $2331 (-4,99%)

On Holding**(Switzerland): $2.5 billion, +32%, $ONON

Despite all its problems, Nike is still twice as big as Adidas and somewhat as big as its four main competitors (Adidas, Anta Sports, Puma, New Balance) combined. together.

The Nike share is currently in a 60% drawdown (the worst in 25 years) and is roughly at the level of the COVID-19 low in March 2020.

Attractive risk-reward ratio?

Is Nike a buy, hold or sell for you?

*Main competitor

**Competitor in certain segments

Is there a turnaround from Vans, what are you wearing?

Hopefully not plastic shoes from Crocs.

$VFC (-21,02%)

Vans' parent company, VF Corp, has returned to profit after two consecutive quarterly losses, beating sales estimates for the second quarter. The company benefited from a sequential improvement in direct sales and a streamlining of inventories, causing the company's shares to rise by around 16% in after-hours trading.

CEO Bracken Darrell's turnaround strategy, which includes the appointment of executives such as Sun Choe as Global Brand President for Vans, and the sale of the Supreme streetwear brand have led to stronger growth in China, followed by the Americas and EMEA.

VF Corp's quarterly sales in China increased 9% on a currency-adjusted basis, compared to a 4% increase in the same period last year.

The company's revenue fell 6% to $2.76 billion from the same period last year, beating analysts' estimates of $2.71 billion, according to data compiled by LSEG.

The company's margins continued to improve thanks to inventory reduction initiatives implemented in recent quarters - such as increased promotions and discounts - even as the company's reinvestment increased.

VF Corp's quarterly gross margin increased by 120 basis points to 52.2%.

On an adjusted basis, VF Corp reported earnings of 60 cents per share, compared to analyst estimates of 37 cents per share.

Competitors Deckers Outdoor, Gap and Abercrombie & Fitch also saw an increase in demand for trendier clothing and footwear.

Analysts at Guggenheim Securities had indicated earlier this month that VF Corp could see sequential improvement in wholesale during FY25 as retailers are expected to place more orders for The North Face and Vans during the spring season.

https://www.wallstreet-online.de/nachricht/18642714-23-prozent-kursexplosion-vergessen-adidas-aktie-walzt-nieder

Earnings next week 🚀

$AMZN (-5,99%)

$AMD (-6,5%)

$SOFI (-9,13%)

$MSFT (-2,4%)

$AAPL

$META (-5,48%)

$GOOGL (-3,13%)

$INTC (-3,43%)

$PYPL (-7,61%)

$LLY (-2,71%)

$F (-4,84%)

$SNAP (-8,48%)

$CMG (-3,64%)

$COIN (-6,7%)

$UBER (-4,29%)

$BP. (-7,26%)

$MCD (+0,29%)

$HOOD (-8,6%)

$PFE (-1,06%)

$V (-1,95%)

$NOVA (-4,69%)

$ETSY (-2,89%)

$ON (-11,79%)

$FUBO

$PTON (-15,09%)

$TMDX

$FSLR (+4,7%)

$RIOT (-7,43%)

$ROKU (-10,84%)

$RCL

$CVNA (-16,58%)

$CVX (-6,87%)

$CAT (-6,66%)

$HUM (-0,63%)

$CDNS (-6,18%)

$SBUX (-9,57%)

$WM (-1,16%)

$NXT

$THC

$JBLU (-11,48%)

$CROX (-10,09%)

$XOM (-4,86%)

$MRK (-0,63%)

$RDDT (-0,02%)

$PHIA (-3,01%)

$VFC (-21,02%)

$RIG

$COP (-9,6%)

$EPD

$RMBS (-8,84%)

These are the current Downgrades🟥 on this Monday, the September 18, 2023.

• 
  $DBX (-2,57%)
  William Blair downgrades from "Outperform" to "Market Perform" 🟥

• $FRT
  Mizuho Securities downgrades from "Buy" to "Neutral", with a Target price of $101 (previously $105). 🟥

• 
  $GPN (-8,45%)
  Redburn-Atlantic downgrades from "Neutral" to "Sell", with a Target Price of $105. 🟥

• -$NTAP (-10,67%)
  William Blair downgrades from "Outperform" to "Market Perform".🟥

• 
  $OCFC
  DA Davidson downgrades from "Buy" to "Neutral", with a Target price of $17 (previously $21).🟥

• 
  $PAY (-1,66%)
  Baird downgrades from "Outperform" to "Neutral", with a Target price of $18 (previously $16).🟥

• 
  $PLNT (-5,22%)
  Jefferies downgrades from "Buy" to "Hold", with a price target of $56 (previously $90).🟥

• $PTCT (-6,07%)
  Citi downgrades from "Buy" to "Neutral", with a Target price of $29 (previously $55).🟥

• 
  $PYPL (-7,61%)
  MoffettNathanson Downgrades from "Outperform" to "Market Perform", with a Target price of $75 (previously $115).🟥

• $VFC (-21,02%)
  Piper Sandler Downgrades from "Overweight" to "Neutral", with a price target of $20 (previously $28).🟥

Hello together,

I would be interested in your opinion about the $VFC (-21,02%) interested. Currently would be a good price to strike but am unsure because of the debt and interest.

I know you also do not have a magic crystal ball but your opinion would interest me very much^^.

Mfg