So I have been looking for a retail stock so that we can continue our portfolio diversification and then along comes a company that actually picks me. One thing I am going to say is when it comes to the market you need to leave all personal emotions aside and regardless of politics look for those companies that provide the best returns.
Then along comes a company that does both. NIKE is strong in its earnings trading at $82.20 a share with a 0.80 a year dividend and it just went x dividend on August 31, 2018 so it seems to have a huge upward potential. NIKE's chart if you look at the 1 year and the 5 year performance has continued to perform well.
I applaud this company for taking a stand with someone who was wronged. I don't have to agree with what Kapernick is doing (in this case I do) but for a man to stand up for what is right no matter what the personal cost for the sake of making this country a better place for all Americans in my book is what America is all about.
So we are adding NIKE (NKE) to our portfolio because the company does follow my values but most of all looks like a true winner that has a proven track record and makes a fine product so for the retail sector it's NIKE.
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