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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

Caterpillar sinks 7% after earnings, management sees weakness in Europe, Asia-Pacific

3 Stocks to Buy and Hold for Decades

Royston Yang, The Motley Fool
·4 min read
3 Stocks to Buy and Hold for Decades

Nike (NYSE: NKE) is recognized as one of the most iconic brand names in the athletic footwear and apparel industry. The company has more than 1,000 Nike-branded stores in both the U.S. and international markets and chalked up revenue of $37.4 billion for the fiscal year ended May 31. Although Nike incurred a $790 million net loss for its fourth quarter, investors should note that this was chiefly due to numerous store closures in North America, Asia, Europe, and the Middle East.

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