When you Google "Nike earnings report," the first link that pops up is titled "Nike Reports Earnings Monday. Don’t Get Your Hopes Up." So much for hoping that we might beat the estimates (which are already significantly lower than for the same quarter last year). This won't be fun.
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What @wnp said. The ESPP is easily the best benefit Nike has. If you aren’t dumping every spare penny you have into the ESPP then you either don’t fully understand how powerful it is or you’re really bad at math. Stock price goes down after six months? You win. Stock price goes up after six months? You win even more. I don’t know if Nike still does this but when I started in 2009 during orientation they did a presentation showing exactly how it works and basically told us “You’re stupid if you don’t take full advantage of this benefit.” Was probably the best advice I ever got at Nike.
This is also a general lesson in risk tolerance. If you’re so worried about the stock price falling, maybe you should diversify more. Stock is risky but long term it generally plays out, especially if you have a buy and hold strategy. If you can’t do that, then you don’t have a big enough emergency fund/cash alternatives to be investing like this (having so much of your portfolio concentrated in one company - including your salary!). If you’re awarded stock as part of your compensation (as in, not through ESPP), then you need to be investing even more in outside assets and maybe selling off some stock periodically.
Knowing that Nike goes through reorgs and layoffs quite frequently, that should also factor into your portfolio and how much of an emergency fund you should have.
Sounds like you might want to use that E&Y benefit and then find yourself a trusty financial advisor. Good luck OP + wnp
While you can never believe articles you read pre-earnings release... If you're not concerned about the stock price as an employee of the company then either A) you aren't earning enough or B) you aren't taking advantage of the only true benefit Nike offers. The stock price has gone down $50 in the last 4 months. Multiply that by 1,000 shares that's a loss of $50k or $12.5K per month for an average employee. Executives of the company have sold almost half a million shares worth ($87M) of the stocks November value in that time. Most people think stocks are monopoly money but they are true dollars that can fund the growth of the company and when dip, lead to additional spending cuts (ie. less bonuses, raises, jobs) . If you aren't in ESPP now would be a good time to sign up because the price will likely go back up to $175 by the end of the year. Also, your job is never safe. The only safety you can provide yourself is to care more about your savings aka ESPP which is directly related to the stock price. Literally the only thing JD and executives care about is the stock price because that's how they make all their money.
Could not care less if I tried! So what?