Diamonds and Dogs
Upgrade for Under Armour (UAA). The athletic apparel company is up 6% on a Raymond James upgrade with a $30 a share price target or 50% above current levels. The analyst said Under Armour was ahead of schedule with respect to new product sales and the headline risks linked to a recent Department of Justice investigation into their accounting practices might be less than first feared.
Deere (DE) still getting caught up in the trade war. Deere is down 4% to a two-month low on in-line earnings. Deere gave cautious outlook for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment. One analyst suggested the new CEO is setting a low bar and taking a very cautious approach given some of the uncertainties facing farmers.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.