Under Armour has bottomed; it’s a buy


Under Armour Inc.: “Under Armour, I think, has bottomed. It can go higher. I think the inventories are very clean. I like the stock very much. Buy, buy, buy.”

Blackstone Group LP: “It’s come off a little bit from its high, but the answer is absolutely [buy]. They’re very smart guys and they’re doing a terrific job.”

Novocure Ltd.: “You’ve got to take some off [the table]. Play with the house’s money. That’s a very big gain. We have been behind this stock since the teens. We believe in the technology. Still amazed that it hasn’t been acquired. I like the stock, but, again, I would do a little schnitzel.”

Lululemon Athletica Inc.: “Lululemon hit a 52-week high today. That said, I still believe – thank you so much, [J.P. Morgan retail analyst] Matthew Boss, for some really great picks – [in] Lulu, Ollie’s and Burlington. By the way, I do like Under Armour.”

Granite Construction Inc.: “Nah. I mean, I was looking at Martin Marietta Materials this weekend. I just don’t like this group. It’s too hard. They need an infrastructure bill; they don’t have it.”

Starbucks Corp.: “Stock acted very weak today. I’ve got to tell you, I still think this is not the quarter. They are buying back stock left and right, I think [CEO] Kevin Johnson’s doing a great job, but I don’t want to buy it until I see this quarter being booked because I think it’s just going to be OK.”

Consolidated Edison Inc.: “ConEd is very good. Now, I wish it were yielding 4 percent. I would buy half now and if it came under 4 percent, I would buy the other half, but not until then.”

Weight Watchers Intl. Inc.: “No edge. Don’t buy. Stock’s moved a lot.”

AK Steel Holding: “No. We don’t want to touch [it]. No, no. Look, my charitable trust owns Nucor. That’s tough enough. Only Allegheny’s been working well and that’s stainless steel and that’s why.”

International Business Machines Corp.: “I think IBM is a buy.”

Disclosure: Cramer’s charitable trust owns shares of J.P. Morgan and Nucor.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagramVine

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Source link

Products You May Like

Articles You May Like

It’s not a good time to be a company like United Rentals
How to handle gaps in health insurance coverage
Most US cannabis stores are ‘underperforming’
Strong economy drives performance in high yield bonds, leveraged loans
Your first trade for Friday, Oct 19

Leave a Reply

Your email address will not be published. Required fields are marked *