29 Sep Nike and Under Armour both score on Wall Street
Posted at 09:25h in Home, Latest News
Just do it? Or protect this house? Nike or Under Armour? Investors can’t decide.
It’s like the end of “Trading Places” — when someone asks if they should have the lobster or cracked crab for lunch. The classic response: Can’t we have both?
Although Nike (NKE) and Under Armour (UA) are in a heated battle for sneaker market share and star endorsers, each athletic apparel maker is a big winner on Wall Street.
Nike’s stock is up 27% this year. That makes it the best performer in the Dow Jones Industrial Average by far. The next closest isUnitedHealth (UNH), with just a 13% gain.