Hate Nike? On Holding (ONON) stock could be the next big thing
Nike (NYSE: NKE) stock price is not doing well, making it one of the worst-performing name in the Dow Jones. It has crashed by over 47% from its highest level in 2021 and it formed a death cross on the weekly chart, pointing to more downside. The stock has also underperformed Adidas, its biggest competitor, which has surged by over 139% from its lowest point in 2023. Altogether, Nike has risen by 12% in the past five years while the S&P 500 index is up by almost 81% in the same period. On Holding is up to somethingA closer look shows that most industries are being disrupted by newer fast-growi...