After A Poor Showing In 2016, Does Nike Qualify As A ‘Dog Of The Dow’?

It has been a great year for the 30 stocks that make up the Dow Jones Industrial Index. The Dow is on pace to finish 2016 up more than 14.5 percent on the year. In fact, there is only one stock in the entire index that is down more than 3.1 percent this year: Nike Inc NKE 0.44%.

Margin pressures and disappointing guidance are key reasons Nike’s share price has dropped 16.8 percent in 2016. Yet despite Nike’s fall, the stock fails to qualify for the 2017 Dogs of the Dow.

The Dogs of the Dow strategy involves buying the 10 highest-yielding Dow Jones stocks at the end of each year and readjusting annually. Nike may have been a dog in 2016 in terms of performance, but it doesn’t make the list of the 2017 Dogs of the Dow because its dividend yield is currently only 1.3 percent.

The only other Dow stock that is down on the year is…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and is always available on your local internet!