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.
Nike stock comes with a 1.10% dividend. The $160 Jefferies target price is well above the $135 consensus target and Thursday’s close at $125.70.
Nvidia
This top semiconductor company is expected to be a huge player in the artificial intelligence world. Nvidia Corp. (NASDAQ: NVDA) provides graphics and computing and networking solutions in the United States, Taiwan, China and elsewhere.
Its Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/Nvidia RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
Its Compute & Networking segment provides data center platforms and systems for AI, HPC and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and Nvidia AI Enterprise and other software.
The company’s products are used in gaming, professional visualization, data center and automotive markets. It sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups and other ecosystem participants.
Nvidia stock has a $300 price target at Jefferies. The $288.05 consensus target is closer to Thursday’s $272.26 closing share price.
These are five of the highest-profile stocks in the world with huge exposure not only in China but across the globe as well. With huge name and brand recognition, all these stocks make sense for long-term growth investors looking to add companies that should remain leaders in their sectors regardless of economic conditions.
Originally published at 24/7 Wall St.
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