Nike stock has collapsed in recent years, but there's a lot of turnaround potential.

Nike (NYSE: NKE) has long been the king of athletic apparel and footwear on a global stage. This is supported by an iconic brand and broad visibility with well-known athletes and top sports leagues.

Weak revenue growth, tariffs, and promotional activity in China are hammering Nike’s bottom line. The company’s brand strength will support its relevance far into the future. Only investors with a ...