Fool.com contributor Parkev Tatevosian has identified one beaten-down dividend stock that could make an excellent purchase for passive income investors. (NYSE: NKE)
*Stock prices used were the afternoon prices of Jan. 20, 2024. The video was published on Jan. 22, 2024.
Should you invest $1,000 in Nike right now?
Before you buy stock in Nike, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nike wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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*Stock Advisor returns as of January 22, 2024
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
1 Dividend Stock Down 43% to Buy Hand Over Fist in 2024 for Passive Income Investors was originally published by The Motley Fool