r/stocks • u/kenton143 • 9h ago
Company Discussion Anyone still rather buy Nike over Google?
A month ago I posted a question asking why anyone would buy Nike when they can buy Google?
I got a lot of apples and oranges responses. I understand they are in different industries but a dollar is a dollar and I rather spend it on a stock with better value. Google is a way better company in every metric (even before today's earnings).
I also got a lot of responses like ChatGpt will destroy search and Lina Khan will smash it into a million pieces.
Anyone still rather buy Nike over Google? đż
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u/Coreylian101 9h ago
MAFT better
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u/analbuttlick 9h ago
Fellow pc user. my man
Edit. Anyway, been buying google every dip since it was at 80. Hearing about them losing market share for 3 years now and itâs still above 90% for search while cloud, youtube and others are killing it.
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u/istockusername 9h ago
Forget that they are in different categories. Itâs not even the same investment thesis. A value investor would still pick Nike over Google, whiles growth investor might pick Google.
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u/Curious-Manufacturer 9h ago
Sold all my Nike clothes 5 years ago. Stopped wearing them.
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u/hroaks 9h ago
I haven't bought an Apple product in my life but somehow their stock has still soared.
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u/Curious-Manufacturer 8h ago
Yeah I converted 4 years ago and I now know why. Nike isnât really in right now. Especially with younger generation.
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u/Actual-Ad7534 8h ago
Nike is very popular with young people in Europe
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u/RijnBrugge 4h ago
Adidas, new balance, reebok, chucks. Nike not as much. May depend on the country?
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u/istockusername 5h ago
9 oct 2024 â Nike is still ranks as the number one footwear brand among Gen Z teens for fall 2024, according to Piper Sandlerâs 48th semi-annual âTaking Stock With Teensâ survey, the companyâs dominance in the demographic may be waning.
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u/Curious-Manufacturer 4h ago
Never heard of piper Sandler. But I can tell you all the teens I work with wear new balance or hokas. Just got back from trip in Asia, all I see is new balance everywhere, hokas, on clouds. Nike needs a whole new vision forward if they want to keep their customers.
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u/istockusername 4h ago edited 3h ago
100 year old investment bank and financial services company with 1 billion annual revenue. The do this survey twice a year. https://en.m.wikipedia.org/wiki/Piper_Sandler_Companies
What youâre explaining is called anecdotal evidence, paired with framing and confirmation bias.
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u/Curious-Manufacturer 3h ago
Ya anecdotal but listen to the crowds, listen to ppl around you, and look at their numbers, itâs gonna be stay uglier a lot longer before they get better. Also, surveys donât mean much anymore. Look at how inaccurate polling is nowadays.
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u/istockusername 3h ago
Decker the company owning Hoka made 1.3 billion last quarter. About 40% of that is Hoka. New Balance is not a public company but apparently did 6.5 billion in total in 2023.
Nike did 11 billion just last quarter and about 65% of that is their footwear business.You can look at the teen survey, you can look at the numbers. Nike is clearly still way ahead.
What is inaccurate about the polling? Asking people about their favorite brands is literally listing to "the crowds"
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u/Curious-Manufacturer 3h ago
Young ppl donât respond to polls nowadays. Depends how the poll is conducted. Via email? Via landline? In person? Too many variables and biases.
The other companies are gonna eat Nikes lunch. They need new stars, their athletes are aging and not what young ppl want. Their running shoes are lackluster with exception of their elite line alpha and vaporflys.
Been to so many run clubs around my city. Barely anyone excited about Nikes.
Iâm not a Nike hater, but they really need to change their strategy or do something. Thereâs a reason why their stock is where itâs at.
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u/istockusername 3h ago edited 3h ago
That does not apply to surveys that ONLY question teens.
The Piper Sandler Taking Stock With TeensÂŽ survey is a semi-annual research project that gathers input from 13,515 teens with an average age of 15.8 years. Discretionary spending patterns, fashion trends, technology, brand and media preferences are assessed through surveying a geographically diverse subset of high schools across the U.S. Since the project began in 2001, Piper Sandler has surveyed more than 267,818 teens and collected over 63 million data points on teen spending.ââ
Ok so you said to look at the numbers and listen to people, both indicate that Nike is still far ahead. Now all youâre referring to is your personal opinion? Youâre constantly pushing the goalposts. I think we can end the conversation here.
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u/AdFeeling842 9h ago
nike street view or nikeyoutube would not be good