What’s going on with Nike?
The other day, Nike announced its quarterly results, and they were relatively solid
More specifically, the company beat analysts’ expectations on both revenue and earnings per share, posting a double beat, but the guidance was disappointing
For the next quarter, management expects sales to decline by 2% to 4%, while analysts had been expecting 2% growth
In general, the company has been in a steady decline over the past few years
CEO Elliott Hill admitted that the turnaround is taking longer than he would like, but he still believes the strategy will pay off in the long run
The stock closed down 9.1% after the earnings release, and it continued falling yesterday as well
And the worst part is that the valuation is not especially attractive, with forward EV/EBIT at 23
I really hope the turnaround comes soon, because it’s a brand I personally like a lot
What do you think of Nike as an investment?
VERIZON: A LOW-RISK STOCK?
When markets are falling and sentiment is weak, many investors turn to more stable dividend-paying stocks, the classic flight to safety
One stock that is often seen this way is telecom company Verizon ($VZ)
The logic is simple: no matter how bad things get, people are not going to cancel their mobile plan or internet subscription
Verizon offers a very attractive dividend yield, close to 5.5%, and the dividend appears to be safe based on free cash flow
As a telecom company, it carries a lot of debt, but it seems to be managing it reasonably well relative to EBITDA
It is in constant competition with AT&T ($T) and T-Mobile ($TMUS), but it appears to be maintaining its market share
EXCELLENT NEWS FOR BMY
Earlier, beloved Bristol Myers Squibb (BMY) announced very encouraging results from the Phase 3 clinical trial for Camzyos
This drug is already used in adults, but the current trials are aimed at adolescents aged 12 to 17 with symptomatic obstructive hypertrophic cardiomyopathy
If it gets approved for adolescents as well, it will become the first approved treatment of its kind for this age group
BMY stock has helped the public portfolio a lot throughout all this uncertainty we have been experiencing in the markets, posting a gain of +9.5% so far in 2026
Its dividend yield also remains excellent at over 4%, while those of us who built our position at lower prices have locked in a yield above 5%
And as we can see, the dividend is comfortably covered by free cash flow
