Nike earnings beat doesn't mean rebound for unloved apparel stocks, traders say

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These unloved apparel stocks will struggle more despite Nike earnings beat, traders say

"You have clientele that absolutely love the brand, you also have the fact that this type of wear is something that people are going to be wearing a lot more often when they're working from home and their e-commerce is doing amazing," she said.

"Nike's the shining star, but every single one of the rest of them? I would just sell them," she said.in TJX Cos. and Ross Stores as a way of shorting them should their stocks break below their 50-session moving averages. "I don't like retail as a category in general because fashion comes in and out," he said in the same "Trading Nation" interview. He agreed that few retailers besides Nike and Lululemon have staying power.

 

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Using cheap labor in China?

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