Seeking Alpha

Shares of Under Armour (UA +2.8%) and Nike (NKE +2.5%) run higher on enthusiasm that's been...

Shares of Under Armour (UA +2.8%) and Nike (NKE +2.5%) run higher on enthusiasm that's been stirred up in part by a positive note from Stifel Nicolaus on Nike's sales trends. Momentum traders seem convinced the breakout is a sign of things to come for the pair of stocks.
From other sites
Comments (5)
  • Mark Selzler
    , contributor
    Comments (27) | Send Message
     
    Is that to say UA has not already experienced a "breakout"? Look at the charts. Appears to be a final plug before pulling the plug.
    28 Aug 2012, 11:43 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    UA @ 3.67Xsales and 61Xearnings sure isn't cheap. Fundamentals no longer matter...that is until they do and when they do....this thing will drop like a rock CFO just sold ALL his shares Huge insider selling...no buying..The PONZI scheme continues
    28 Aug 2012, 12:01 PM Reply Like
  • chopchop0
    , contributor
    Comments (3523) | Send Message
     
    Yup. NKE is solid, but I wouldn't touch UA with a ten-foot pole
    28 Aug 2012, 01:15 PM Reply Like
  • AxiosCap
    , contributor
    Comments (291) | Send Message
     
    UA has a cash crunch coming for those of you that haven't been looking at their balance sheet. Share dilution is coming.
    28 Aug 2012, 06:12 PM Reply Like
  • Day Trader001
    , contributor
    Comments (726) | Send Message
     
    NKE reports earnings on Sept. 27 th.

     

    Since last quarter, there has been a successful “non-sponsored” media blitz from the Olympics for Nike, back to school sales, and a new $300.00 shoe debut!
    I would expect a good jump in earnings and share price.
    9 Sep 2012, 05:54 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector