NEW YORK (TheStreet) --The "Fast Money Halftime Report" panel on CNBC debated owning stocks in the athletic apparel space during Thursday afternoon's program.
Year-to-dated athletic apparel retailers Adidas (ADDYY) is up 54%, Lululemon Athletica (LULU) is up 7%, Nike (NKE) is lower 21%, and Under Armour (UA) is down 27%.
"The individual product offerings are not doing well. Athleisure is not exactly where people want to buy," Najarian Family and Advisors Office co-founder Jon Najarian said.
Adding, the entire industry is taking a hit this year with the exception of the retail stores that have multi-brand offerings like a Foot Locker (FL).
"It could be a seasonal lull; you could see an uptick in the holiday," Ritholtz Wealth Management CEO Josh Brown stated.
"This sector can't get Amazon (AMZN) easily. That's why they're opening up all these mega-stores, you want to try to the goods, you want to feel them,' O'Shares Investment chairman and CNBC Shark Tank investor Kevin O'Leary said.
O'Leary explained why he would suggest investors own shares of Nike, Under Armour, and Lululemon.
"I'd buy them equal weighted. Because frankly the numbers have been so erratic on the margins on these reports every quarter. I can't believe the volatility in the business models. If you like the sector, you buy all three, market-cap weighted," he explained.