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Cramer: Under Armour Under-Promises, But Tends to Over-Deliver

August 1, 2023
in Trade Tube
Reading Time: 1 min read
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With a big week of earnings reports ahead, Jim Cramer sheds light on what big reports to watch. Cramer says he remains a fan of Chipotle, a domestic business with very little overseas exposure. He expects store sales to be remarkable once again, gross margins to expand and a blowout quarter. As the stock reflects a lot of that, he advises those who don’t own Chipotle to wait. With iron ore prices at multi-year lows, Cramer said he’s avoiding iron ore and companies like Cliffs Natural Resources. On the retail front, he says he’s a fan of Under Armour. This is a company, he says, that tends to under-promise and over-deliver and is one investors should keep on their radars.

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