Here’s Why Jim Cramer is Bearish on Under Armour Inc (NYSE:UAA)

Published on 24 May 2024 on Insider Monkey via Yahoo Finance

Here’s Why Jim Cramer is Bearish on Under Armour Inc (NYSE:UAA)

Insider Monkey recently published a list of 7 Stocks Jim Cramer is Bearish On. Under Armour Inc Class A (NYSE:UAA) ranks second in that list. Since Under Armour is a popular name among both hedge funds and retail investors, it deserver a detailed look.

Jim Cramer in a latest program yet again lamented over the market's obsession about the Fed's stance over sticky inflation, saying the latest Fed minutes from April 30 to May 1 spooked investors because the central bank officials seem to be getting "impatient" with the inflation's slower-than-expected decline.

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Here’s Why Jim Cramer is Bearish on Under Armour Inc (NYSE:UAA)

NYSE.UA price evolution

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Want to become a better investor?

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Here’s Why Jim Cramer is Bearish on Under Armour Inc (NYSE:UAA)