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:

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

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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.

“I mean you’re talking about 30, 35 million, Under Armour doesn’t, [it] needs that money elsewhere.”

While we acknowledge the risk and potential of UA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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