Shoe Stocks Untie: NKE, DECK, CROX, UA

Nike (NYSE: NKE) posted earnings of $0.94 cents per share and revenue of $4.84 billion, smashing Wall Street estimates of $0.88 cents per share on revenue of $4.81 billion. Yet investors sold off the stock over 5.7%, taking down Crocs (NASDAQ: CROX) and Deckers Outdoor (NASDAQ: DECK) with it. Under Armour (NYSE: UA) an apparel company was hit with a double whammy as the stock was downgraded as well. The stock is down over 6% in combination with the selling pressure from Nike's perceived bad quarter.