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Payne's Picks

Under Armour, a Strong Stock for 2015?

By Payne's PicksFOXBusiness

Can your portfolio win with Under Armour shares?

FBN’s Charles Payne, Monster Worldwide Senior V.P. Joanie Courtney, NewOak Capital President James Frischling, A&G Capital CIO Hilary Kramer, retail analyst Hitha Herzog and Penn Financial Group founder Matt McCall debate the outlook for Under Armour.

Let’s talk about Under Armour (NYSE:UA).

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It was the very first stock I mentioned on Making Money, along with Chesapeake (NYSE:CHK). Chesapeake's been a disaster, while Under Armour has been a grand slam. While it was downgraded this week, listen, it's not a stock that is going to pop overnight.

Now I will tell you, I am a little worried that they're paying Andy Murray $23 million -- I don't understand that move. But I like some of the other things they've done. I particularly like the Misty Copelands of the world.

Let Wall Street downgrade these stocks, mostly downgrade them based on what they talk about. Valuation is a short term thing. It has nothing to do with the future.

I think the stock will pull back this month, so any further weakness in my mind makes this a screaming buy.

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