Diamonds and Dogs

7/31/19

Apple (AAPL) shining brightly. Apple is up 3% to an eight month high, flirting with the trillion dollar market cap, following strong earnings and guidance. Apple continues to diversify their business as the iPhone division fell to about 48% of total revenue. However, analysts are excited about the iPhone cycle coming in 2020 with the first 5G iPhones. At least 10 analysts raised target prices with some as high as $270 a share.

Under Armour (UAA) under pressure. The sportswear apparel maker is down 3% today after dropping over 15% yesterday following earnings. Of the top four apparel makers in the US, Under Armour was the only one to report a sales decline in North America. CEO and Chairman Kevin Plank noted that the company is rewiring and, "literally changing thetires as they are driving."

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