Diamonds and Dogs
7/24/14Under Armor (UA)
Under Armor is protecting their house and then some today, up 13.31% to $68.70 a share. Earnings reported for the American Athletic Apparel Company showed 34% growth to $610 million and net income of $18 million. The reported earnings for UA shattered expectations and investors took note in today's stock market. UA looks to have a strong forward guidance for the future of the stock and investors see this as a tip for continued growth.
Qualcomm (QCOM) chips seem to be fried due to the lack of royalties in China at a current price of 76.27 and down 6.53%. Qualcomm (qcom) Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access! Qualcomm is facing issues with their royalty reporting and capture in China. While their is trouble is China Qualcomm should be able to fight back in the future.