No. 3: Under Armour
YTD Return: 62%
Under Armour (NYSE:UA) was started by a University of Maryland alum and has gradually gained a foothold in the athletic apparel market.
In fact, its innovation in terms of athletic apparel, including its ColdGear and HeatGear technology, led InvestorPlace Assistant Editor Marc Bastow to choose UA as the stock most likely to be the next growth success story on par with Apple (NASDAQ:AAPL).
And things do look pretty good so far. Most recently, Under Armour saw a boost thanks to a two-for-one split of its common stock — the first since it went public in 2005. Shares have gained 23% since the split in June, contributing to the stock’s impressive 62% jump so far this year.
The company also beat expectations in both quarters so far this year, even as rival and fellow RAI component Nike (representing Oregon) has struggled of late. And for the next five years, analysts expect annualized growth of 24% — more than double their estimate for the S&P 500.