Stockchase Opinions

Jim Cramer - Mad Money Under Armour UA-N DON'T BUY Oct 11, 2023

Piper Sandler Teen Survey results

The top brand that rich male kids don't wear. This trend has even increased.

$6.280

Stock price when the opinion was issued

Consumer Products
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COMMENT
UA is getting dragged up by Lululemon's stellar quarterly results.
WATCH
They report Friday. There's lots of good buzz about a potential turnaround. Wait to hear some news Friday.
DON'T BUY
They report Friday. Lululemon has been crushing them. Avoid.
DON'T BUY
Their outlook was cut and downgraded today. This discretionary sector is coming under pressure. They have failed to re-establish the growth story where investors before paid a premium for shares 5-7 years ago. It's down 69% year to date. It's the ultimate trap.
COMMENT
Is warming up to it because of the new CEO. But this competes with Nike, a tough competitor.
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

Analysts were disappointed with recent earnings falling below expectations and the market has given the stock a haircut, but we think the worst is over.  High inventory showed demand was not as aggressive as thought.  A new CEO is leveraging their online digital expertise to expand sales going forward.  Cash reserves are stable, while they buy back shares.  It trades at 18x earnings and 2x book value.  We recommend a stop-loss at $6, looking to achieve $11 -- upside potential over 45%.  Yield 0%     

(Analysts’ price target is $26.20)
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick May 09/23, Down 2.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with UA is progressing well.  To be disciplined, we recommend trailing up the stop (from $6.00) to $6.50 at this time.  

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick May 09/23, Down 12.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with GSY has triggered its stop at $6.50.  To remain disciplined, we recommend covering the position at this time.  

RISKY

A great spec. They need a couple of good quarters. Nike is coming back with a vengeance.