As 2020 heads further into the 2H of the year with the implications of the COVID-19 pandemic in full view, some stocks are still trading at pandemic lows. Under Armour (UA, UAA) is a prime stock still beaten down, yet generating similar results as far better performing peer stocks. My investment thesis remains bullish on Under Armour, with the company getting back in the game with innovative new products.

Amazingly, Under Armour is down 8% after reporting Q2 results that were far better than expected dire outcomes. The athletic apparel company only reported a 40.5% dip in revenues, while the market was expecting a massive 54.8% decline. The company actually beat revenues estimates by nearly $170 million, or roughly 31% above estimates.

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