United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

3 Apparel Stocks Not Exposed to Trade War -- Good buys?

Video Credit: The Street - Duration: 02:40s - Published < > Embed
3 Apparel Stocks Not Exposed to Trade War -- Good buys?

3 Apparel Stocks Not Exposed to Trade War -- Good buys?

Stay away from apparel stocks in light of this trade war, right?

Well, let's try looking at three stocks that could have an advantage over other apparel companies, if the trade war escalates.

Before we break down those stocks, know this: PVH Corp.

, TheStreet's premium publication Real Money's stock of the day, fell 14.77% to $84.64 a share Thursday after issuing disappointing guidance.

Management said weak Chinese consumer sentiment related to the trade war hurt its China sales.

Plus, PVH has 18% of production sourced from China, a huge negative for its cost of revenue.

Gildan Activewear This $7.5 billion market cap casual-wear maker is a good "tariff hedge," CFRA analysts wrote in a note Thursday.

Gildan manufactures out of Central America, the Caribbean Basin, North America and Bangladesh, according to its website, so there's no tariff pressure on its cost of goods sold.

On the sales side, 90% of its sales have been in North America, with just 4% in the Asia Pacific region, according to FactSet.

The stock is down 3% since May 3, just before President Trump said he would put more tariffs on Chinese goods, and it's possible that 3% is not very justified.

Delta Apparel Delta Apparel is a $150 million maker of casual sportswear for kids.

It's gotten 99% of its revenue from North America.

It manufactures in the U.S. and Central America.

The stock is down 9% since May 3.

It's forward price-to-earnings ratio is 13.99, relatively attractive against several of its peers, although one must discern whether that is justified.

VF Corp.

VF Corp.

, a well-known and sizable company, has 60% North America revenue exposure and 40% Europe.

Still, VF carries more trade war risk than the smaller stocks mentioned above, as it sources 17% of its goods from manufacturing plants in China.

Related.

What Macy's, J.C.

Penney, and Amazon Mean for PVH Sales Sign up for the daily In Case You Missed It Newsletter Here.

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Wall Street Lower: Trade Concerns Linger [Video]Wall Street Lower: Trade Concerns Linger

(Reuters) - Wall Street edged lower on Wednesday, as concerns over an escalation in the U.S.-China trade war and weak economic indicators persisted, while a raft of upbeat results underlined a solid..

Credit: Wochit     Duration: 00:39Published

Stocks slip amid lack of detail on trade deal [Video]Stocks slip amid lack of detail on trade deal

Stock markets slipped sharply on Monday as signs of progress in the China-U.S. trade dispute drew mixed a reaction from investors. Brexit worries, meanwhile, drove London stocks lower. David Pollard..

Credit: Rumble     Duration: 01:29Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.