After 18 Years, Nike Will Leave the S&P 100. Now Its Turnaround Faces a Bigger Test
- The iShares S&P 100 ETF is dropping Nike, Colgate-Palmolive, Simon Property Group, and Honeywell, replacing these established names with four technology companies tied to artificial intelligence capital spending.
- Nike reported 0% revenue growth in its most recent fiscal year, as business declined 13% in Greater China while growing only 5% in North America; the stock has fallen 76% over five years.
- New additions Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk reflect AI infrastructure demand, with Dell booking $60.9 billion in AI server orders in a single quarter and SanDisk's data center revenue growing 437%.
- The fund's transformation suggests the 'blue-chip' label no longer accurately describes OEF, which has quietly become a slightly diluted cousin of Invesco QQQ Trust concentrated in technology.
- For investors seeking broad exposure, the Vanguard S&P 500 ETF offers a cheaper option at four times lower fees than OEF, while those desiring deeper tech conviction might prefer Invesco QQQ Trust.
53 Articles
53 Articles
'Get woke, go broke': Nike is getting CRUSHED online after cratering in value
The Nike sportswear company has lost so much value that it's getting tossed out of the S&P 100 stock index charting the top 100 U.S. businesses.The company was mocked by many on the right over its marketing campaigns featuring controversial quarterback Colin Kaepernick and transgender activist Dylan McDermott.'NIKE filled its executive positions with feminists and woke ideology advocates. ... Companies that embrace femicentric ideologies and DEI…
Nike has REDEFINED "get woke, go broke" as stock crashes by 78%
Watch Louder with Crowder every weekday at 11:00 AM Eastern, only on Rumble Premium!Check out our Election 2026 Dashboard to keep track ot the upcoming midterms!Nike is crashing and burning. Who would’ve thought that appealing to the woke mob at the expense of the majority would cost them billions? Today’s show breaks it down.“When people talk about DEI as being racially motivated, Nike was the most popular athletic line, and it was almost entir…
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