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Under Armour upgraded by UBS and Barclays after earnings beat with both firms predicting big gains

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Under Armour upgraded by UBS and Barclays after earnings beat with both firms predicting big gains


Products are displayed in an Under Armour store in New York City, November 4, 2019.

Brendan McDermid | Reuters

Under Armour‘s earnings beat didn’t get much initial love from investors, but two Wall Street firms said Wednesday the report showed it was time to buy the stock.

The apparel company beat Wall Street expectations with its first-quarter results on Tuesday, but the stock fell 1.2% amid the broader market decline. Analysts at Barclays and UBS stepped in on Wednesday morning, upgrading the stock and saying that the results were a sign of things to come.



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Signs the Bitcoin hashrate is starting to move away from China By Cointelegraph

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Signs the Bitcoin hashrate is starting to move away from China By Cointelegraph



Signs the Bitcoin hashrate is starting to move away from China

Although the majority of mining is still based in China, there are signs it is beginning to shift elsewhere.

Chun Wang, the co-founder of one of Bitcoin’s largest mining pools, F2Pool, reported that China represented less than half of its hash rate during April 2020. Wung noted it was the first time the pool had seen Chinese miners represent a minority of hash rate in its eight years of operation. “The shifting is real,” he said.