Under Armour (UAA) Defends Position, Gets Upgrade

Under Armour (UAA) is today's FOMO stocks. Alex Coffey and Jenny Horne discuss UAA as its stock is down 50% in 2022. They talk about how UAA has a much larger international presence than Lululemon (LULU) and is comparable to Nike (NKE). They also note that UAA has been upgraded to buy from hold by Stifel. A Stifel analyst says that UAA's relative inventory management discipline leaves company is a better position to bring newness to the market in 2023. Alex then demonstrates an example trade using UAA. The trade type is a buy a call and the direction is bullish. Tune in to find out more about the stock market today.