The fallout in REITs and real estate related stocks has been something to behold, Chris. I think what now investors are waking up to is that commercial real estate plays a big role on the loan books of many banks. And so you got to remember in commercial real estate, especially office, was already facing a lot of fishers. Tenants aren't coming back to the office. They're not renewing leases. Leasing activity is nonexistent and the debt is coming due.
Inventory problems persist for the athletic apparel leader, but the latest results show improvement. (0:20) Matt Argersinger discusses: - Nike beating Wall Street's low expectations in the 3rd quarter - Why being a higher-end discretionary consumer business puts Nike at risk - How the banking drama is putting some commercial real estate businesses in peril while four REITs appear to have been oversold (8:20) Kirsten Guerra and Tim Beyers face off in the semi-finals of our stock investing version of March Madness! Companies discussed: NKE, MAA, ARE, O, PLD, GM, MNDY Host: Chris Hill Guests: Matt Argersinger, Kirsten Guerra, Tim Beyers Producer: Ricky Mulvey Engineer: Rick Engdahl
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