In addition, Nike sells a line of performance equipment and accessories, comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment for sports activities under the Nike brand, as well as various plastic products to other manufacturers.
The company markets apparel with licensed college and professional team and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices and applications and other equipment for sports activities under Nike-owned trademarks.
The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis and golf shops; and other retail accounts through Nike-owned retail stores, digital platforms, independent distributors, licensees and sales representatives.
The implied return for the 12-month call is set at 176%.
The dividend yield here is 1.27%. The Goldman Sachs target price is $148, while the consensus target is $124.17. Nike stock closed almost 6% higher on Wednesday at $112.86.
NextEra Energy
With a very strong balance sheet, this company looks poised for a solid finish to 2023. NextEra Energy Inc. (NYSE: NEE) generates, transmits, distributes and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal and natural gas facilities.
NextEra Energy also develops, constructs and operates long-term contracted assets that consist of clean energy solutions, such as renewable generation facilities, battery storage projects and electric transmission facilities. It sells energy commodities, and it owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
As of December 31, 2022, the company had approximately 32,100 megawatts of net generating capacity, approximately 88,000 circuit miles of transmission and distribution lines and 871 substations. It serves approximately 12 million people through approximately 5.8 million customer accounts in the east and lower west coasts of Florida. The company was formerly known as FPL Group and changed its name in 2010.
The implied return for the 12-month call is 96%.
Investors receive a 2.52% dividend. Goldman Sachs has set its price objective at $90, but NextEra Energy stock has a $92.58 consensus target. The shares closed on Wednesday at $74.40.
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