Major Averages Rise as Fed Chair Confirmed
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 18 hours ago
0mins
Should l Buy UAA?
The major averages were mostly higher as Kevin Warsh was confirmed as the next Fed Chair in a Senate vote. Markets were trying to stabilize after Tuesday's inflation-driven pullback, though they face an added headwind after April producer price inflation came in hotter than expected.Investors are closely watching developments between President Trump and Chinese President Xi Jinping, with trade, AI and rare-earth supply negotiations in focus. Any signs of easing trade tensions could help improve sentiment, particularly for industrials and semiconductors, while renewed tariff escalation would likely add to inflation concerns.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Alibabareported a sharpin Q4 earnings per shareNvidia, Tesla, and Boeingwere all higher as theirAmazonintroduced itspersonalized AI assistantEquinox Goldand Orla Miningagreed to anPayPalannounced aover AI training for small businesses2. WALL STREET CALLS:LeerinkJ&Jto Outperform on new drug momentumAkamaito Buy at BofAWendy'sto Buy at Argus on take-private reportsUnder Armourto Hold at Stifel on persistent challenges to sales growthZoomInfoto Underperform at Mizuho3. AROUND THE WEB:Cerebrashas turned down a takeover approach from Armand SoftBank, Bloomberg saysAppleis exploring ways to bring AI agents to the App Store, The Information reportsBYDis negotiating with Stellantisand other European car makers to take over underused factories in the region, Bloomberg reportsWalmartis cutting or relocating about 1,000 corporate roles, WSJ saysAnthropic is in talks to raise between $30B and $50B in a funding round that would value it at up to $950B, NY Times says4. MOVERS:Energy Vaultrose announcing awith EskomVelo3Dwas higher afterNextpowergained afterand agreeing to acquire Zigor's power conversion businessKarmanfell afterResideowas lower afterand reaffirming its guidance for Q2 and FY265. EARNINGS/GUIDANCE:OkloreportedEos Energyreportedand provided FY26 revenue guidanceWix.comreportedKornit DigitalreportedGlobal-e Onlineprovided areport for Q1INDEXES:The Dow fell 67.36, or 0.14%, to 49,693.20, the Nasdaq gained 314.14, or 1.20%, to 26,402.34, and the S&P 500 advanced 43.29, or 0.58%, to 7,444.25.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy UAA?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on UAA
Wall Street analysts forecast UAA stock price to rise
19 Analyst Rating
4 Buy
12 Hold
3 Sell
Hold
Current: 5.110
Low
4.00
Averages
5.69
High
9.00
Current: 5.110
Low
4.00
Averages
5.69
High
9.00
About UAA
Under Armour, Inc. is an inventor, marketer and distributor of branded athletic performance apparel, footwear and accessories for men, women and youth. Its primary business operates in four geographic segments: North America, comprising the United States and Canada, Europe, the Middle East and Africa (EMEA), Asia-Pacific, and Latin America. Its apparel comes in three primary fit types: compression (tight fit), fitted (athletic fit) and loose (relaxed fit). Its footwear includes products for running, training, basketball, cleated sports, recovery and outdoor applications, as well as casual use. Its accessories primarily include athletic performance gloves, bags, headwear and socks. It sells its apparel, footwear and accessories in North America through wholesale and direct-to-consumer channels. It sells its apparel, footwear and accessories in EMEA primarily through wholesale customers and independent distributors, along with e-commerce Websites and brand and factory house stores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Wall Street's Latest Ratings Overview
- Nvidia's Positive Outlook: Oppenheimer reiterates Nvidia as an outperform, projecting CY26 free cash flow to approach $200 billion, and if half is allocated for dividends, the yield could reach nearly 2.5%, which would bolster investor confidence and drive stock price appreciation.
- Apple's Strong Ecosystem: Daiwa raises Apple's price target from $310 to $325, emphasizing its vast ecosystem as a core strength, while acknowledging potential memory management challenges in 2H CY26, the long-term outlook remains favorable for this core holding.
- Positive Outlook for Housing Platform: UBS upgrades KE Holdings to buy from neutral, citing significant upside due to its agency business in tier 1 cities, particularly as the market recovery is led by the secondary market, positioning the company for strong performance.
- Wendy's Potential Privatization: Argus upgrades Wendy's to buy from neutral, driven by news of a potential move to take the restaurant chain private, with Trian Fund Management owning about 40% of the stock, indicating strong market confidence in this strategic shift.
See More
Under Armour Q4 Fiscal 2026 Earnings Call Insights
- Revenue Decline: Under Armour reported a 4% decline in Q4 fiscal 2026 revenue to $5 billion, primarily due to a 3% drop in wholesale revenue, despite a 5% increase in direct-to-consumer sales, reflecting consumer uncertainty and market pressures.
- Margin Pressure: The gross margin for Q4 decreased by 470 basis points year-over-year to 42%, with adjusted gross margin down 360 basis points to 43.1%, indicating significant external cost impacts, particularly from U.S. tariffs contributing 260 basis points of pressure.
- Future Outlook: Management anticipates a slight revenue decline in fiscal 2027, primarily due to the exit of the Curry brand, although gross margin is expected to expand by 220 to 270 basis points, reflecting strategic adjustments in product focus and brand value enhancement.
- Restructuring Plan: Under Armour is implementing a restructuring plan with an estimated total cost of approximately $305 million, expected to be substantially complete by December 31, aimed at enhancing operational efficiency through SKU reduction and a focus on premium products, despite ongoing market challenges.
See More
Significant Stock Movements for Vestis and Others
- Vestis Earnings Beat: Vestis surged over 30% after reporting fiscal Q2 results that exceeded expectations, along with an upward revision of its fiscal 2026 EBITDA outlook, indicating strong growth potential in the apparel sector.
- Zebra's Strong Performance: Zebra Technologies reported Q1 earnings of $4.75 per share, surpassing the $4.25 expected by analysts, with revenues of $1.5 billion, and Q2 guidance also exceeded estimates, highlighting ongoing growth in the automation sector.
- Ralliant's Earnings Surprise: Ralliant's adjusted Q1 earnings of 57 cents per share exceeded both company guidance and FactSet consensus of 49 cents, leading to a 14% stock increase, reflecting robust demand in the high-precision instruments market.
- Hub Group Financial Restatement: Hub Group's shares fell over 10% after announcing a restatement of its year-end 2023 and 2024 results, which may negatively impact investor confidence.
See More
US Stocks Retreat as Cramer Analyzes Market Dynamics
- Market Pullback: On Tuesday, the S&P 500 retreated due to a hotter-than-expected April consumer price index and spikes in oil and bond yields, indicating market sensitivity to rising rates, with Jim Cramer noting this adjustment is necessary for AI-related stocks.
- Home Depot Outlook: Despite struggling in a high-interest-rate environment, Jim Cramer remains bullish on Home Depot, believing it will outperform Lowe's, with Citi rating Home Depot as a buy, reflecting confidence in its future earnings potential.
- Nvidia Price Fluctuation: Nvidia shares slipped from a fresh intraday high ahead of its earnings report, although Wells Fargo raised its price target to $325, Jim Cramer advises investors to hold onto the stock, emphasizing its critical role in the market.
- Rapid Recap: At the end of the video, Jim Cramer mentioned stocks including FedEx, On Holding, Under Armour, Lowe's, and eBay, highlighting his focus on a diversified investment portfolio.
See More
Under Armour Reports Weak Q4 Performance Amid Sales Decline
- Sales Decline: Under Armour reported a 7% drop in North American sales during Q4, despite a 10% increase in international markets, leading to an overall revenue decline of 1% to $1.2 billion, highlighting market pressures amid fierce competition.
- Margin Erosion: The company's gross margin suffered a 470-basis-point hit, falling to 42% from 46.7% last year due to rising tariffs and product costs, directly impacting profitability and raising concerns among investors.
- Pessimistic Outlook: For fiscal 2027, Under Armour anticipates a slight decline in sales, with diluted loss per share expected to range from breakeven to $0.04, significantly lower than the $1.14 estimate, indicating a challenging road ahead.
- Negative Market Reaction: Following the disappointing earnings report, Under Armour's Class A shares plummeted over 15% in premarket trading, poised to open at a five-month low, reflecting investor anxiety regarding the company's future performance.
See More
Under Armour Issues Cautious Guidance, Shares Plunge
- Revenue Decline: Under Armour's revenue fell 1% to $1.2 billion in the quarter, with North America revenue down 7% to $641 million, while international revenue increased 10% to $539 million, indicating a mixed performance across global markets.
- Gross Margin Pressure: The gross margin declined by 470 basis points to 42.0%, primarily due to rising tariffs and increased product costs, although foreign exchange gains and favorable channel mix provided some relief, highlighting the challenges in cost management.
- Inventory Position: Under Armour's inventory decreased by 3% to $915 million, suggesting some progress in inventory management, yet future sales performance remains a critical area of focus.
- Future Outlook: The company anticipates a slight year-over-year revenue decline, with low single-digit decreases in North America offset by low single-digit growth in EMEA and Asia-Pacific, while its earnings per share forecast is significantly below consensus, reflecting ongoing uncertainties ahead.
See More
Wall Street's Latest Ratings Overview
- Nvidia's Positive Outlook: Oppenheimer reiterates Nvidia as an outperform, projecting CY26 free cash flow to approach $200 billion, and if half is allocated for dividends, the yield could reach nearly 2.5%, which would bolster investor confidence and drive stock price appreciation.
- Apple's Strong Ecosystem: Daiwa raises Apple's price target from $310 to $325, emphasizing its vast ecosystem as a core strength, while acknowledging potential memory management challenges in 2H CY26, the long-term outlook remains favorable for this core holding.
- Positive Outlook for Housing Platform: UBS upgrades KE Holdings to buy from neutral, citing significant upside due to its agency business in tier 1 cities, particularly as the market recovery is led by the secondary market, positioning the company for strong performance.
- Wendy's Potential Privatization: Argus upgrades Wendy's to buy from neutral, driven by news of a potential move to take the restaurant chain private, with Trian Fund Management owning about 40% of the stock, indicating strong market confidence in this strategic shift.
See More
Under Armour Q4 Fiscal 2026 Earnings Call Insights
- Revenue Decline: Under Armour reported a 4% decline in Q4 fiscal 2026 revenue to $5 billion, primarily due to a 3% drop in wholesale revenue, despite a 5% increase in direct-to-consumer sales, reflecting consumer uncertainty and market pressures.
- Margin Pressure: The gross margin for Q4 decreased by 470 basis points year-over-year to 42%, with adjusted gross margin down 360 basis points to 43.1%, indicating significant external cost impacts, particularly from U.S. tariffs contributing 260 basis points of pressure.
- Future Outlook: Management anticipates a slight revenue decline in fiscal 2027, primarily due to the exit of the Curry brand, although gross margin is expected to expand by 220 to 270 basis points, reflecting strategic adjustments in product focus and brand value enhancement.
- Restructuring Plan: Under Armour is implementing a restructuring plan with an estimated total cost of approximately $305 million, expected to be substantially complete by December 31, aimed at enhancing operational efficiency through SKU reduction and a focus on premium products, despite ongoing market challenges.
See More
Significant Stock Movements for Vestis and Others
- Vestis Earnings Beat: Vestis surged over 30% after reporting fiscal Q2 results that exceeded expectations, along with an upward revision of its fiscal 2026 EBITDA outlook, indicating strong growth potential in the apparel sector.
- Zebra's Strong Performance: Zebra Technologies reported Q1 earnings of $4.75 per share, surpassing the $4.25 expected by analysts, with revenues of $1.5 billion, and Q2 guidance also exceeded estimates, highlighting ongoing growth in the automation sector.
- Ralliant's Earnings Surprise: Ralliant's adjusted Q1 earnings of 57 cents per share exceeded both company guidance and FactSet consensus of 49 cents, leading to a 14% stock increase, reflecting robust demand in the high-precision instruments market.
- Hub Group Financial Restatement: Hub Group's shares fell over 10% after announcing a restatement of its year-end 2023 and 2024 results, which may negatively impact investor confidence.
See More
US Stocks Retreat as Cramer Analyzes Market Dynamics
- Market Pullback: On Tuesday, the S&P 500 retreated due to a hotter-than-expected April consumer price index and spikes in oil and bond yields, indicating market sensitivity to rising rates, with Jim Cramer noting this adjustment is necessary for AI-related stocks.
- Home Depot Outlook: Despite struggling in a high-interest-rate environment, Jim Cramer remains bullish on Home Depot, believing it will outperform Lowe's, with Citi rating Home Depot as a buy, reflecting confidence in its future earnings potential.
- Nvidia Price Fluctuation: Nvidia shares slipped from a fresh intraday high ahead of its earnings report, although Wells Fargo raised its price target to $325, Jim Cramer advises investors to hold onto the stock, emphasizing its critical role in the market.
- Rapid Recap: At the end of the video, Jim Cramer mentioned stocks including FedEx, On Holding, Under Armour, Lowe's, and eBay, highlighting his focus on a diversified investment portfolio.
See More
Under Armour Reports Weak Q4 Performance Amid Sales Decline
- Sales Decline: Under Armour reported a 7% drop in North American sales during Q4, despite a 10% increase in international markets, leading to an overall revenue decline of 1% to $1.2 billion, highlighting market pressures amid fierce competition.
- Margin Erosion: The company's gross margin suffered a 470-basis-point hit, falling to 42% from 46.7% last year due to rising tariffs and product costs, directly impacting profitability and raising concerns among investors.
- Pessimistic Outlook: For fiscal 2027, Under Armour anticipates a slight decline in sales, with diluted loss per share expected to range from breakeven to $0.04, significantly lower than the $1.14 estimate, indicating a challenging road ahead.
- Negative Market Reaction: Following the disappointing earnings report, Under Armour's Class A shares plummeted over 15% in premarket trading, poised to open at a five-month low, reflecting investor anxiety regarding the company's future performance.
See More
Under Armour Issues Cautious Guidance, Shares Plunge
- Revenue Decline: Under Armour's revenue fell 1% to $1.2 billion in the quarter, with North America revenue down 7% to $641 million, while international revenue increased 10% to $539 million, indicating a mixed performance across global markets.
- Gross Margin Pressure: The gross margin declined by 470 basis points to 42.0%, primarily due to rising tariffs and increased product costs, although foreign exchange gains and favorable channel mix provided some relief, highlighting the challenges in cost management.
- Inventory Position: Under Armour's inventory decreased by 3% to $915 million, suggesting some progress in inventory management, yet future sales performance remains a critical area of focus.
- Future Outlook: The company anticipates a slight year-over-year revenue decline, with low single-digit decreases in North America offset by low single-digit growth in EMEA and Asia-Pacific, while its earnings per share forecast is significantly below consensus, reflecting ongoing uncertainties ahead.
See More
