In this clip from The Call @ Hedgeye, Retail analyst Brian McGough flags recent Q3 developments from Puma (PUM.DE) and what that means for Nike (NKE) and the rest of the retail footwear space in China.

“I’m incrementally bullish on Nike out of these Puma results,” explains McGough. “If this whole narrative around ‘nobody is growing in China anymore because China only wants local companies to grow’, manifests itself and people do pay attention to macro and what the company has been doing to respond to it, I’ll definitely make the bullish call on Nike around that.”

(This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates Click here to learn more.)

Click HERE to register for HedgEye On The Prize