Diamonds and Dogs
The big are getting bigger. Security firm, ADT (ADT) is up 57% as Google takes a $450 million stake in the home security firm to compete with Apple and Amazon. ADT will begin distributing to Google's Nest home products exclusively.
An upgrade not helping Under Armour (UAA). The stock is down 5% today and down 50% for the year as one analyst said there is less potential for extreme downside for the stock. Not a ringing endorsement. The analyst raised his price target from $4 to $9. Sales in the second quarter were down 41% while sales for the second half of the year are expected to be down 20%-25%. Tough times for retailers as more than 40 popular names have filed for Chapter 11 this year.
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