When you get a chance to own a strong global business at a discount to the market, it's worth considering. That's the main rationale behind the "Dogs of the Dow" investing strategy, which focuses on the weakest performers in the famed index of 30 major stocks.

Yet, it's not a good approach to blindly purchase falling stocks. You'll get better results by focusing your investing dollars on solid companies that appear to be experiencing temporary challenges.

Nike (NYSE: NKE) fits that bill today. Let's look at some reasons to like this footwear and athleisure giant, which is among the worst-performing stocks in the Dow Jones Industrial Average in 2023.

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Source Fool.com