Nike has experienced a significant decline, down 77% from its all-time highs, and is underperforming at crazy levels, according to the creator.
Source Post
These UNDERVALUED Stocks Are In My Watchlist
Sep 1, 2026
The creator discusses several stocks they have previously invested in, including CRM, ServiceNow, Google, and ASML, noting significant gains. They then shift focus to undervalued retail stocks, specifically On Running, Lululemon, Deckers, and Nike, highlighting their current underperformance and attractive valuations, particularly for On Running and Deckers.
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Tickers discussed in this post
Lululemon is down significantly year-to-date and from all-time highs, with the creator noting it is underperforming at crazy levels, though not explicitly calling it a buy or sell.
The creator argues Deckers is trading at an unjustified forward PE of just over 11, despite being an amazing company with zero debt, consistent double-digit growth, and strong gross margins.
The creator believes On Running is heavily mispriced, with a forward P/E of 14 and projected to be 11 by 2028, despite being a fantastic company with massive growth and strong gross margins.
The creator mentions buying ASML in 2025, and those positions have performed well, and they also claim to have timed the bottom for ASML.
The creator mentions that ServiceNow is up significantly since they started buying, with multiple positions held and gains of over 70% from their lows.
The creator notes that Salesforce (CRM) is up 70% since June 2026 when they heavily covered how hated the stock was, indicating a successful past investment.