Diamonds and Dogs
Your portfolio and your athletic gear are gaining in value. Today's diamond, Under Amour (UA) rose nearly 7% following better than expected earnings. The company easily surpassed many analyst estimates as revenue beat expectations as well. The company also raised their yearend outlook. The company has Steph Curry to thank with his historical season in the NBA this year along with other impressive athletes that represent the company's brand.
Put on some bug repellent because Zika is causing more problems. Intrexon (XON) is seeing its shares plummet today thanks to the Zika virus. The company's shares have dropped over 22% today from the announcement that 10,000 people have signed a petition to oppose a trial of the company's genetically-engineered mosquitoes to reduce the Zika virus and other mosquito-borne diseases. The modified bugs will be able to reproduce but their offspring will die before they reach adulthood. The petition claims that it is "simply too risky for our environment and public health and fraught with many unanswered questions." The company's shares are down over 34% over the last year and over.