Trump Tariffs: 2 Retail Socks Selling Off
lululemon(LULU) Schaeffers Investment Research·2025-02-03 23:42
The shares of retail behemoths Nike Inc (NYSE:NKE) and Lululemon Athletica Inc (NASDAQ:LULU) are both gapping lower today, after President Donald Trump imposed a 25% tariff on Mexico and Canada over the weekend, as well as a 10% levy on China.NKE Set to Extend Losing StreakAt last glance, NKE is down 4.1% to trade at $73.76, brushing off a price-target hike from BMO to $95 from $92. The equity is looking to extend its 26.2% year-over-year deficit, and is pacing for its sixth loss in the last six trading day ...