retail

Chris Wang on Under Armour Earnings

Chris Wang speaks with Nicole Petallides, host of the Watch List and Market Overtime, about Under Armour (ticker UAA) earnings. The company blew out expectations earnings 16 cents vs street expectations of 4 cents. It also raised full year guidance from 12 to 14 cents to 28 to 30 cents. Given that the company already earned 16 cents and the third and fourth quarters are typically their strongest, their guidance seems very conservative and the company will likely blow out earnings for the rest of the year. 

The Tidal Wave of Retail Spending Has Begun

For much of 2020, we were locked in our homes and have been waiting for life to return to normal. Thanks to government transfer payments, even those who lost their jobs saved money. According to the New York Times, in 2020, personal income increased by over $1 trillion and spending decreased by over $530 million. This means that American consumers are sitting on a $1.5 trillion war chest that is ready to be unleashed in the years ahead. If January retail sales are a hint of what's to come in 2021, retail spending will be powerful.

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