Anthony Scaramucci's Hedge Fund Trade Of The Week: NIKE (NKE)

Anthony Scaramucci said on CNBC's Fast Money that this week's hedge fund trade of the week is NIKE, Inc. NKE. He said that the stock fell approximately 15% over the last month, as investors were worried about lower margins. Mr. Scaramucci thinks that NIKE, Inc. (NKE) is a great stock, and he likes its fundamentals. It trades at 16 times forward earnings, and 9.4 times its EBITDA. NIKE (NKE) has a current cash flow yield of 9%, and a dividend yield of 1.6%. Over the last five years NKE has had a free cash flow yield of over 19%. Mr. Scaramucci also said that NIKE (NKE) is one of the most recognized brands in the world, and once the stock price corrects itself it could trade to $100. Oak Hill, Adage, Citadel, Caxton, Chilton and George Soros are some of the big players who own this stock. NIKE, Inc. NKE gained 0.67% in the regular trading session, and it added 0.26% in the after hours.