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Traders make consumer plays after Nike disappoints

The "Fast Money" traders looked for opportunities in consumer stocks after Nike's future orders disappointed Wall Street on Tuesday.

Trader David Seaburg said that Adidas is a company to consider as it gains market share in North America. He also said he would stay away from Nike at this point.

Trader Guy Adami said he likes trading the credit card issuers like MasterCard and Visa because the move "speaks to the changing patterns that the consumer is spending."

Trader Pete Najarian said that TJX Companies is in a "sweet spot" as a play on the consumer. He explained that discount retailers do well even when consumers are doing better. Najarian said that some of these discount retailers are doing a good job of building their online experiences.


Disclosures:

PETE NAJARIAN

Long stock: AAPL, BAC, BMY, DIS, DISCA, GE, KMI, KMIA, KO, LUX, PEP, PFE CALLS: AAL, ABT, AMD, BABA, BAC, BSX, CNX, COP, CRM, CS, CSCO, CVX, CXW, DAL, DISH, ECA, ETP, GS, GT, INTEL, JBLU, JCP, KBE, KGC, LLY, KMI, KO, LOW, M, NAV, SBUX, TMUS, TTS, TV, TWTR, VRX, SLV, ATVI. Puts: CLF, EEM

DAVID SEABURG

Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. David Seaburg and Cowen have a financial interest in EDIT. Diamond Offshore: an employee of Cowen and Company, LLC serves on the Board of Directors of Diamond Offshore. EXPE, HZNP, VA – Not approved.

DAN NATHAN

Dan Nathan is long TWTR, long PYPL call calendar, Long FEZ Nov put spread, long EEM Nov put spread, long XHB Jan put spread, long XLK Jan put spread, XLU Dec call spread

GUY ADAMI

Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.