Deckers vs. Nike: Which Shoe Stock Is the Better Buy Right Now?
Nike (NYSE: NKE) and Deckers Outdoor (NYSE: DECK) are two stocks that have been struggling this year. The former is down 24%, while the latter has nosedived a whopping 46%. These companies rely on discretionary spending, which means they can both be vulnerable to a slowdown in the economy this year, especially as tariffs add costs for consumers.While neither of these stocks is a particularly safe buy right now, which one may be the better option for contrarian investors to consider for their portfolios?Nike is the behemoth in the footwear industry and has the advantage of being the larger, much more recognizable company. But that hasn't been translating into better growth in recent years. Deckers has been growing by double digits for multiple quarters, while Nike is struggling to keep its top line from falling.Continue reading
Nike (NYSE: NKE) and Deckers Outdoor (NYSE: DECK) are two stocks that have been struggling this year. The former is down 24%, while the latter has nosedived a whopping 46%. These companies rely on discretionary spending, which means they can both be vulnerable to a slowdown in the economy this year, especially as tariffs add costs for consumers.
While neither of these stocks is a particularly safe buy right now, which one may be the better option for contrarian investors to consider for their portfolios?
Nike is the behemoth in the footwear industry and has the advantage of being the larger, much more recognizable company. But that hasn't been translating into better growth in recent years. Deckers has been growing by double digits for multiple quarters, while Nike is struggling to keep its top line from falling.
