Diamonds and Dogs
Five Below (FIVE) is actually up 10%. The discount retailer is higher after beating earnings estimates as revenue rose 18.9% year over year to $388.1 Million. The company said they achieved another strong year of 20% sales growth, reaching the $1 billion milestone in sales as they opened 85 net new stores and delivered our 11th consecutive year of positive comparable sales growth. RBC upgraded the stock to Outperform with a $50 price target.
Google (Goog) not getting any love today. The stock is down 1.5% to a two month low as advertisers are pulling ads after appearing next to offensive content. Google is one of the top platforms for digital advertisers, accounting for about 40% of all online ad budgets, and 13% of display ad budgets, according to eMarketer. Google's YouTube video site ran ads for major brands next to neo-Nazi and jihadist videos, according to The Times of London. Companies like AT&T and Johnson & Johnson have since suspended some digital advertising, and some analysts said the outcry could be a concern for the company's outlook.
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