Among the consumer discretionary stocks in the market, Nike (NKE) remains a closely watched stock for various reasons right now.
Shares of the footwear and apparel maker have been on a choppy ride this year, to say the least. Much of this recent decline, particularly the sharp stock price drop we saw in April, has to do with the new trade barriers put in place by the Trump administration. With more tariffs expected to come and existing tariffs now starting to hit retailers and producers of consumer discretionary items in countries like China, it's clear that margins could be looking a lot different a few quarters from now than they have in the past.
