♟ Another Major Wall Street Overreaction?

This company's major drop-off in June could lead to an opportunity [Trade of the Day Logo] [View in browser]( [Image of a Nike basketball and a basketball player's Nike shoes]( ["This is the cheapest Nike (NKE) stock has been in more than a decade."]( Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance [Bryan Bottarelli] In case you haven't heard, it's been a rough summer for Nike (NKE). Shares are down -20% just in the month of June... Which was triggered by a majorly disappointing earnings report. Specifically... Nike experienced a -18% revenue drop for their Converse brand - combined with an -8% slide in their Nike Direct e-commerce sales. To make matters worse, things were not any stronger in China - which added up to a 10% revenue drop across the entire company. 0DTE Could Skyrocket Immediately After "American Earnings" Release [Get The Urgent Details Here]( Here's how the stock reacted... [Nike is a value at current price]( I admit: This was a surprising result. However, the massive June swoon could lead to opportunity. Here's why... First and foremost, Nike is an athletic apparel giant who is known around the world. And right now, unlike most stocks trading near their highs, Nike is cheap. Very cheap. Nike has a current market cap around $113 billion - and they generated revenue of over $51 billion in fiscal 2024. This means that Nike stock trades at a price-to-sales (P/S) ratio of a little more than 2 - which makes it the cheapest the stock has been by that metric in more than a decade. In other words... Nike's stock now trades at prices not seen since the early COVID-19 crash in March of 2020. You're probably wondering... Are there any upcoming trigger catalysts that could ignite the stock? Yes. First, we have the Paris Olympics. After that, Nike's revitalized product lineup should be ready to roll alongside the 2026 World Cup. [Logo] YOUR ACTION PLAN The brutal June selloff could offer you a great opportunity to pick up shares of a quality company on the cheap. From a chart perspective, if shares regain the $78 level, then we could see a strong move back into the void. Currently, shares are trading at a -25% discount to their historical average. If you're an options trader, then I believe that “selling to open” the Nike January 2026 puts at the $50 strike for $1.35 to $1.59 is a pretty darn good deal. You're getting paid to own one of the world's premier brands for a 50% discount. This is just an idea - not a live trade recommendation. However, if you liked this perspective, and you'd like to receive other trading ideas like this, then you're invited to join us inside [The War Room](. [Click here to join me inside The War Room today.]( --------------------------------------------------------------- [Chart] MONDAY MARKET MINUTE - Major Bank Earnings Start This Friday: The next big round of earnings will come in the financial sector this Friday. This could set the tone for whether or not the major market averages can muster up the strength to make another push higher. Tracking - Blue or Red in ‘25?? Here's Some Telling Statistics: With November rapidly approaching, Charles Schwab did an interesting study. Dating back to 1961, an investor who put $100,000 into the S&P 500 ONLY when Republicans were President would have made $102,293 by the end of last year. On the flipside, an investor who put $100,000 into the S&P 500 ONLY when Democrats were President would have made $500,476 by the end of last year. But here's the important part: Anyone who stayed in the S&P 500 index NO MATTER which party held the Presidency made $5,119,510 by the end of last year. The Takeaway: Don't time Presidential cycles. Just stay invested! - Oil Looks Like a Winner in 2024: No matter who takes the White House in November, Exxon Mobile seems like a winner. They're positioned for geopolitical risk - and - they also stand to gain from energy permitting. - Big week for Washington: A lot of attention will be on the nation's capital as Congress returns from its holiday. Fed Chair Jerome Powell will also testify in his semi-annual Monetary Policy Report (aka Humphrey Hawkins) before the Senate Banking Committee (Tuesday) and the House Financial Services Committee (Wednesday). --------------------------------------------------------------- INSIGHTS YOU MAY HAVE MISSED [Image of a trader at their desk]( [5 Ways AI Will Transform Your Trading]( [Image of a 'Hurricane Season' sign]( [Hurricane Beryl Ignites our Cashouts Play]( [Zero Days to Expiration]( [The Biggest Winner in the ODTE Trading Explosion]( [Image of the term 'Trade Strategy' and a candlestick chart]( [Let's Get Technical]( [JOLTS Trade LIVE Tuesday, July 9 at 2 pm]( [Secret Loophole]( When The Gov't Drops Economic Reports... This One Trade Could Have Made 253%... 327%... Even 383% gains... Enough for overnight payouts of $25,300... $32,700... heck even $38,300! 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