Steph Curry Leaving Under Armour (UA) is Good, Says Jim Cramer

We recently published 16 Latest Stocks on Jim Cramer’s Radar. Under Armour, Inc. (NYSE:UA) is one of the stocks on Jim Cramer's radar.

Under Armour, Inc. (NYSE:UA) is another sports apparel firm that is in the midst of a turnaround. While he’s not as enthusiastic about the firm’s turnaround as he is with Nike, Cramer nevertheless believes that Under Armour, Inc. (NYSE:UA) can deliver. In a recent appearance, he commented that with “Under Armour, three quarters from now, you’re going to wish you were in.” However, Cramer added that at this moment, the shares aren’t performing too well. In this appearance, he discussed Golden State Warriors’ point guard Stephen Curry and Under Armour, Inc. (NYSE:UA) ending their 13-year partnership to leave Curry free to find another retail partnership for his Curry Brand of shoes:

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“If anything, with Steph Curry away from, Under Armour, you could argue, hey listen it’s even better. Steph Curry was a very expensive sponsor. And Under Armour doesn’t have that kind of money, this was not a bad thing for Under Armour.

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Disclosure: None. This article is originally published at Insider Monkey.