UAA - Which Athleisure Stock Is the Best Buy Today?
Athleisure, or the trend to dress in athletic wear no matter what you're doing, has been slowly breaking ground as a normative style of clothing. Today, countless large and small companies offer products in this category at various price points. Four of the largest companies are Nike (NYSE: NKE), Under Armour (NYSE: UAA) (NYSE: UA), Adidas (OTC: ADDYY), and Lululemon (NASDAQ: LULU). Let's take a closer look at them and see which one has the most potential at the moment.
The established leader of the pack, Nike is a blue-chip stock with annual sales of $36 billion for 2018, a figure that enjoys solid growth every year. The company launched in the late 1970s with a patented air-cushioning system for its athletic footwear that it still uses today. Though it has faced competition from other shoemakers over the last four decades, it has always emerged as the strongest and most forward-looking, transforming itself from a simple U.S. sneaker manufacturer to a global powerhouse of athletic footwear and apparel.