XLY - Under Armour: Eyeing Earnings And Free Cash Flow Growth Technicals Weak
2024-02-05 14:38:39 ET
Summary
- The Consumer Discretionary ETF led sector performance last week, driven by strong economic data.
- Under Armour is set to release its FY Q3 2024 report amid weak momentum and underperformance compared to competitors.
- UA's valuation is favorable, but growth trends are uncertain, and technical indicators suggest a bearish trend.
- I highlight the expected earnings-related stock moves and key prices on the chart.
Strong economic data last week helped send the Consumer Discretionary ETF, Consumer Discretionary Select Sector SPDR Fund ETF ( XLY ) to the leading sector performance slot. That is a generally risk-on indicator, though cyclical areas like Real Estate and Energy underperformed amid a late-week burst higher in interest rates. Earnings season broadens out this week, including Q4 figures from some retail-related companies....
Under Armour: Eyeing Earnings And Free Cash Flow Growth, Technicals Weak