Generalized market sell-offs can create market opportunities. Here are a few such potential opportunities:

Under Armour (UA)

One brand bucking the trend in the weak retail environment in apparel-maker Under Armour. It traded up in June in sympathy with Nike's (NKE) strong earnings results. Under Armour reports its earnings results on July 24. Under Armour is one of the retail brands experiencing strong brand momentum in the active lifestyle apparel segment. Even given the weak retail environment, earnings estimates for the company appear easily achievable. Longer term, the company's international expansion of the brand is just in its infancy. Although the stock trades at a premium valuation of 50 times next year's earnings, it remains an earnings growth story to be reckoned with and a broader scale retail sell-off could provide a nice entry point ahead of results.

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