Billionaire George Soros’ Long-Term Stock Picks

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9. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 75

Soros Fund Management’s Stake: $10.8 million

NIKE, Inc. (NYSE:NKE) markets athletic footwear and apparel. This company emerges as a prime investment opportunity for several reasons. First and foremost, as per the report for the fourth quarter of 2024, full-year revenues reported were $51.4 billion compared to $51.2 billion in the prior year, up 1% on a currency-neutral basis. This demonstrates modest growth despite currency fluctuations. Secondly, the company has set a sustainable goal for 2025 that aims to donate, refurbish, or recycle 10X more used or defective products than the company uses today. To achieve this, NIKE is making it easier for people to return their used products. Active in stores throughout the USA and Europe, the company is scaling Reuse-A-Shoe to stores in Greater China and re-energizing its operations. Moreover, the company is aiming to reduce 0.5M tons of greenhouse gas emissions by increasing the use of environmentally preferred materials to 50% of all key materials: polyester, cotton, leather and rubber.

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