Key Points Nike's turnaround is progressing at a sluggish pace. The current operating environment remains challenging, as Nike doesn't have a clear path to return to growth. Alphabet replacing Verizon in the Dow makes Nike the lowest-weighted component. 10 stocks we like better than Nike › S&P Global (NYSE: SPGI) announced that Nike (NYSE: NKE) will be removed from the S&P 100 , effective Sept. 21, as part of its quarterly rebalancing. Honeywell Aerospace , Simon Property Group , and Colgate-Palmolive will also be removed, while Dell Technologies , Palo Alto Networks , Arista Networks , and Sandisk will be added.
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