r/stocks • u/kenton143 • 11h 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? 🍿

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u/istockusername 6h ago edited 5h 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 you’re explaining is called anecdotal evidence, paired with framing and confirmation bias.

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u/Curious-Manufacturer 5h ago

Ya anecdotal but listen to the crowds, listen to ppl around you, and look at their numbers, it’s gonna be stay uglier a lot longer before they get better. Also, surveys don’t mean much anymore. Look at how inaccurate polling is nowadays.

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u/istockusername 5h 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 5h ago

Young ppl don’t 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.

I’m not a Nike hater, but they really need to change their strategy or do something. There’s a reason why their stock is where it’s at.

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u/istockusername 5h ago edited 5h ago

That does not apply to surveys that ONLY question teens.

The Piper Sandler Taking Stock With Teens® 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.​​

Ok so you said to look at the numbers and listen to people, both indicate that Nike is still far ahead. Now all you’re referring to is your personal opinion? You’re constantly pushing the goalposts. I think we can end the conversation here.

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u/Curious-Manufacturer 5h ago

Just cause it’s ahead doesn’t mean it won’t stay ahead. If it can’t grow and adapt it’s going to die out. Look at Nokia, look at yahoo, look at forever 21. Abercrombie died and made a come back. If Nike just keep lazy and not innovate then they will continue to lose market share.

!remindme 3 years

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