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1 Growth Stock Down 14% to Buy Right Now

1 Growth Stock Down 14% to Buy Right Now

Fears around slowing sales and a potential recession helped to push Nike (NYSE: NKE) stock down roughly 14% in the year ended in mid-January. Nike's report for the second quarter of fiscal 2023 (ended Nov. 30, 2022) showed strong – and accelerating – sales trends. Nike also achieved a significant sequential step-up, as revenue gains were just 10% in the first quarter of the 2023 fiscal year.