Inflation expectations are on the rise as the economy strengthens from the pandemic-induced recession. Locating companies that have significant pricing power and profitability going forward could be a key to finding the best stocks.
Joe Feldman, an analyst at Telsey Advisory Group, told Barron’s the pricing helps Nike’s margins, but the company is also benefiting from moving more of its sales to its higher-margin direct-to-consumer business. Nike is expected to grow EPS more than 130% from 2020 through 2022.
To view the full article, please click on the following linkVisit Content