Diamonds and Dogs
Time to hit the road. The vacation website, Trivago (TRVG) is up 12% to a new high after coming public in December. The company reported better than expected earnings and sales. Trivago reported positive net income of $7.7 million euros ($8.5 million). Sales grew rose 67.9% year over year to €267.6 million. The growth in sales and earnings came from both an increase in travelers using Trivago's platform while the improvements in profitability were principally driven by the scaling of the business and their continuous improvements of our technology and algorithms.
More bad news for Sear Holding (SHLD). The once prominent retailer is down 12% not far from a 52 week low on news Sears may be in a legal battle with the company that will take over Craftsman. In a blog post on Monday, Lampert threatened legal action against One World Technologies, a subsidiary of the China-based Techtronic Industries that manufactures power tools and other products under the Craftsman brand. Back in 2007, Sears and Amazon were at the same price. Both stocks have go in very different directions since then.