# Nike downgraded and Salesforce on record losing streak — short the broken turnaround stories

_AI-generated trading idea · SHORT · CRM, NKE_

> Canonical page: https://commonquant.ai/research/for-you/nike-downgraded-and-salesforce-on-record-losing-streak-short--72ad7f6b-acad-4e5f-9d1b-3f1bbf20363f

Wall Street analysts just cut their price targets on Nike saying its turnaround has limited upside, while Salesforce is on its longest losing streak ever as investors doubt its AI push.

## Idea

When Wall Street analysts publicly downgrade a struggling company and say the turnaround has limited upside, traders tend to listen — and the selling pressure can persist. Salesforce is in even worse shape, posting 14 straight days of losses as investors just don't believe the AI story. Momentum is clearly against both. These aren't companies caught in a one-day panic — they have structural problems, and riding that downward trend could pay off until sentiment genuinely shifts.

## Key details

- Symbols: CRM, NKE
- Timeframes: 1D
- Tags: \#downgrade, \#trend\_following, \#consumer, \#software

## Community

- Upvotes: 0
- Views: 0
- Copies: 0
- Cosigns: 0

## News sources

- [Salesforce’s stock extends record losing streak. Can the company disrupt itself?](https://www.marketwatch.com/story/salesforces-stock-extends-record-losing-streak-can-the-company-disrupt-itself-8402d62c?mod=mw_rss_topstories) — MarketWatch
- [Nike is trying to boost its stock through a turnaround plan. Evercore ISI sees limited upside](https://www.cnbc.com/2026/06/23/nike-is-trying-to-boost-its-stock-through-a-turnaround-plan-evercore-isi-sees-limited-upside.html) — CNBC

## Related ideas

- [WD-40 stock jumps 15% on huge earnings surprise — catch the post-earnings momentum](https://commonquant.ai/research/for-you/wd-40-stock-jumps-15-on-huge-earnings-surprise-catch-the-pos--c65927d6-9494-4396-9e25-5c74311cc36a)
- [Inflation finally cools, traders expect the Fed to pause — long growth software like CrowdStrike and Palo Alto](https://commonquant.ai/research/for-you/inflation-finally-cools-traders-expect-the-fed-to-pause-long--d722796f-617e-463a-b876-864575d75183)
- [Night movers — Jul 13: Chip rout offsets Salesforce strength in mixed post-close session](https://commonquant.ai/research/for-you/night-movers-jul-13-chip-rout-offsets-salesforce-strength-in--344f94b8-63a8-5500-8f77-bb2fd1c951b1)

## Related

- [CRM trade ideas](https://commonquant.ai/stocks/crm)
- [NKE trade ideas](https://commonquant.ai/stocks/nke)
- [Latest market news](https://commonquant.ai/news)