Amazon is coming for Nike, Lululemon, and Under Armour with its own sportswear brand.
Look out below..!
I think Nike will do fine, Under Armour could be bought out, LULU and its Chinese Knock-Off Apparel could be doomed!
UnknownUnicorn3159981
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Just looked at weekly and monthly charts. This stock could be doomed. I see no support all the way down to the $80's and under...The company's apparel prices are outrageous! Who in there right mind would spend $80 to $100 on NO-NAME workout gear when you can buy NIKE PRO for $34 at Dick's Sporting Goods. How can Dick's be trading around $34, yielding 2.6% and this company selling CHINESE KNOCK-OFF's be trading over $125..?
These are the stocks that set in motion a huge stock market correction.
I wish I knew how to short stocks. I really think, in my opinion, if this stock starts falling, it could crash all the way down to $70...
Amazon is coming for Nike, Lululemon, and Under Armour with its own sportswear brand.
Look out below..!
I think Nike will do fine, Under Armour could be bought out, LULU and its Chinese Knock-Off Apparel could be doomed!