But several airline and retail stocks are proving highly volatile.
Under Armour's (UA) stock rating was lowered to 'market perform' at Cowen after the company posted a slump in gross margin and issued downbeat guidance for 2017 and 2018.
Investors' expectations were dashed after Under Armour says that its growth rate going forward won't be as strong as previously expected. Expect a price correction.
Under Armour (UA) CEO Kevin Plank said Wall Street is not giving the athletic apparel company enough credit for how far it has come since its IPO in 2005.