Everything wrong with Under Armour, explained in one short article: Stellar insight by TheStreet's Jim Cramer right here into why Under Armour's (UAA) stock has crashed almost 60% this year. Cramer says Under Armour's founder Kevin Plank admitted to him that he lost focus. When you are a still young founder led company trying to topple industry giants (in this case Nike (NKE) ), should the driving force lose focus of his/her mission it's not a good thing. Having followed Plank for some time, I think he is starting to get his focus back. The return of the discipline that helped burst Under Armour onto the apparel scene may begin to appear in stores in spring 2018. If consumers don't notice the better product focus, then perhaps it will be time for Under Armour to sell out to Amazon (AMZN) as TheStreet speculates in this piece.
One founder that IS laser focused: Chatted with Roku's (ROKU) founder Anthony Wood Friday night from inside an empty Kmart store. Nothing like an empty Kmart store to serve as great free office space. Anyway, I came away thinking that despite the market's warm embrace of Roku's IPO the stock remains undervalued. Wall Street still doesn't seem to get what Roku does, which is good for investors who do get it and opt to hop aboard this speeding streaming train right now. Wood is cognizant on what Roku does well and the opportunities to exploit the cord-cutting movement that is tripping up traditional media players like AT&T (T) and Disney (DIS) .
Brain dump: Alibaba's (BABA) Singles Day haul of $25.4 billion underscores the main thesis behind the stock's 107% gain over the last year -- rising wealth among the Chinese, equals an unleashing of consumer spending; (2) Although the market has sent General Electric's (GE) stock down 35% this year on fear of a dividend cut and sub-par performance, what new GE CEO John Flannery announces on Monday at a NYC investor day may create some sticker shock -- it will likely be a painful restructuring plan; (3) News that broke on Friday evening of Hasbro (HAS) showing interest in beat up Mattel (MAT) is logical for one big reason. These companies should merge to cut costs in a world of retail store closures that are causing top line pressure. Personally, would like to see Hasbro scoop up Funko (FNKO) given its extensive licensed brand portfolio and untapped global reach.
Bears Lurking With Stats
VIX remains low, hedge that via tips in above video.
The market is looking for reasons to pullback a little further. Headlines this weekend of Trump tossing support to Putin and slamming Kim Jong Un's weight probably won't boost market sentiment on Monday. Regardless of those things, the market bears have a few new stats to support their long-running concerns: the S&P 500 is coming off its first weekly drop in two months, the yield curve continues to flatten and FANG (Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) and Google (GOOGL) ) all notched losses last week.
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