Nikehas been getting tech-focused with new patents. With new devices such as chips in golf clubs to measure swings, fuel bands on wrists to track activity, and chips in shoes to track folks' activity even more seamlessly, Nike is a force in wearable computing. Technology could be this decade's Michael Jordan for Nike.
In the following video, Fool analyst Anand Chokkavelu explains that Nike isn't the only old-school company that's leveraging technology.
To make sense of this technology trend and pick out a winner, The Motley Fool has compiled a new report called "The Only Stock You Need to Profit From the NEW Technology Revolution." The report highlights a company that has gained 300% since first recommended by Fool analysts but still has plenty of room left to run. Thousands have requested access to this special free report, and now you can access it today at no cost. To get instant access to the names of this company transforming the IT industry, click here -- it's free.
The article The Next Big Tech Stock: Nike? originally appeared on Fool.com.
Anand Chokkavelu owns shares in ExxonMobil. Andrew Tonner has no positions in the stocks mentioned above. The Motley Fool owns shares of Chipotle Mexican Grill, Under Armour, and ExxonMobil. Motley Fool newsletter services recommend Chipotle Mexican Grill, Nike, and Under Armour. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.