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3 Reasons to Sell Skechers Stock Right Now, and 3 Stocks to Buy Instead

·5 min read
3 Reasons to Sell Skechers Stock Right Now, and 3 Stocks to Buy Instead

Shares of shoemaker Skechers (NYSE: SKX) have been on a wild ride. Since the company released its second-quarter 2022 earnings report, I've put Skechers on a short leash, and might sell the whole position later this year. The company's direct-to-consumer segment (sales from its website and retail stores) grew 38%.