1 Magnificent S&P 500 Dividend Stock Down 67% to Buy and Hold Forever

1 Magnificent S&P 500 Dividend Stock Down 67% to Buy and Hold Forever

Key PointsNike's direct-to-consumer strategy set the company back years.New CEO Elliott Hill knows what works, and Nike is beginning to show signs of a return to form.There is still work ahead, but now could be a smart time to hop on board.10 stocks we like better than Nike › Nike (NYSE: NKE) has lost its way with investors. The iconic sneaker and athletic apparel giant has lost roughly two-thirds of its market value since the stock peaked nearl…