Trader Brian Kelly said he would "never bet against Kevin Plank," founder and CEO of Under Armour. However, he said that the stock, which closed at $37.22 on Friday, is a little expensive here. The level to watch is $32.50 because "that's a better support level," according to Kelly.
Trader Tim Seymour said that Nike is "one of the greatest global, secular strength stories" and that it really "dominates the industry even though there's a lot of competition." He said that although Under Armour has "come out of nowhere" and that Plank has "done a great job," he'd rather be long Nike and short Under Armour.
Seymour added that, to him, Dick's "isn't even in the running" because it's suffering from the same headwinds as the rest of the retail sector.
Trader Steve Grasso said he likes Under Armour for a seasonality trade. He said that the stock has historically been up 7 percent in June, 11 percent in July, whereas Nike is down 2 percent in June and up 2 percent in July.