◆ NeutralNKETSLAABNBGOOGGOOGLGOOGM

Prediction: Nike Will Be Booted From the Dow Jones Industrial Average Within 12 Months and Replaced by One of 2 Consumer-Facing Giants

The Motley Fool·
Prediction: Nike Will Be Booted From the Dow Jones Industrial Average Within 12 Months and Replaced by One of 2 Consumer-Facing Giants

Following Alphabet's addition to the Dow Jones Industrial Average this week, analyst predicts Nike will be removed within 12 months due to its low share price (below $40) and weak operating performance, particularly in China. Tesla or Airbnb are identified as likely replacements given their higher share prices and stronger growth trajectories.

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