The sports shoe and apparel business has long been a great growth market, but On Holding (NYSE: ONON) is outgrowing much bigger competitors like (NYSE: NKE). And the stock is looking cheap given the valuation and management's lofty growth expectations.

*Stock prices used were end-of-day prices of March 15, 2024. The video was published on March 20, 2024.

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Source Fool.com