Under Armour rallies despite Steph Curry's loss
These are the stocks Yahoo Finance is watching based on recent ticker searches:
Spirit Airlines (SAVE)
Shares of Spirit Airlines are gaining altitude today. The stock is getting a boost after Credit Suisse upgraded the stock to an "outperform" from "neutral" on expectations of a 15% earnings increase by next year.
Credit Suisse raised its price target on Spirit to $55 per share from $44. The new target is a 29% premium to Friday's closing price.
JD.com (JD)
Beijing-based JD.com is popping. The company has agreed to buy Wal-Mart's (WMT) China e-commerce business. In exchnage, Wal-Mart will take a 5% stake in JD.com, China's second-largest online commerce site behind Alibaba (BABA). Yahoo (YHOO) owns a significant portion of Alibaba.
Under Armour (UA)
It's not all bad news for Under Armour in the past 24 hours. Brand ambassador Stephen Curry's Golden State Warriors lost to Nike's (NKE) LeBron James' Cleveland Cavaliers last night in the NBA finals. It's the fourth time this year one of the company's big-name endorsers disappointed fans. Some are even saying there's an "Under Armour curse".
But Buckingham analyst Scott Krasik is bullish on the stock and it's up today. Krasik upgraded his rating on Under Armour to a "buy". And he raised his price target to $48 from $44, a 29% increase from Friday's close. Krasik expects improving margins to start by the end of this year.