But despite earnings beat, guidance was a bit soft for the tech company.
If an investor were dead set committed to purchasing these shares, my inclination would be to wait for the noted type of selloff.
The tech giant's shares already were bullish in advance of its results and should move higher after them.
Even before reporting better-than-expected third-quarter results, the pharmacy giant was seeing more aggressive buying of its shares.
There is still a decent premium to consider a bullish put spread that is out of the money or even just a put sale if you are willing to own the stock.
The stock is coming back a bit as traders have rejected the low.
I do not want to own the shares. I probably do not want to buy the shares this year. I definitely do not want to buy the shares today.
One of the first rules of investing and business is to avoid any scent of accounting fraud, so proceed with caution on UAA.
The fact that two government agencies are looking into the firm's accounting practices makes the shares untouchable.
Shares of the shoe and apparel maker are reacting to reduced revenue guidance and word of government investigations into its accounting practices.