Nike is losing its seat at the mega-cap table.

📉 $NKE will leave the S&P 100 on September 21.

📌 Nike will still remain in the S&P 500.

⚠️ The change reflects Nike’s shrinking market value.

📈 Tech names continue replacing traditional consumer giants.

💡 But the bigger story is Nike’s attempted turnaround.

Once one of America’s dominant growth stocks, Nike now trades near multi-year lows.

The question is no longer about the past.

It’s whether Elliott Hill can rebuild growth, China, product momentum, and brand heat.

Is $NKE becoming a value opportunity, or still a falling giant?

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