"What happens during a period of rising rates is retail and consumer discretionary stocks sell off compared to the S&P 500," said Cowen & Co.'s head of sales trading, David Seaburg.
"If you look at a historical chart of the S&P 500 versus consumer discretionary six months prior and six months following a rate hike, you can see that in the six months prior consumer discretionary stocks outperform and then rates move and the S&P 500 starts to outperform."
But there's one name that Seaburg sees weathering the storm: Nike. "I think Nike is a great stock to own, especially in the face of rising rates," he said on Wednesday's "Trading Nation." The apparel and footwear company's shares are up 38 percent in the past 12 months. "Nike is a name with really solid growth and I think growth is the name of the game here."