Diamonds and Dogs
Thor Industries (THO) hit with a lightning bolt. The RV maker is up 10% following better than expected earnings and a 56.9% jump in year-over-year revenue, up to $2.02 billion. The big jump in sales was due to the acquisition of rival Jayco last summer. The company anticipates the recent short-term trends will translate into longer term demand for higher priced units as customers adopt to the RV lifestyle.
Dog of the day, month and year… Retail. Casey's General Stores (CASY) is down 9% at a 52 week low, Michaels Companies (MIK) is down 7% to a 52 week low, Conn's, Inc. (CONN) is down 11%, Francesca's Holdings (FRAN) is down 15% not far from a 52 week low, Land's End (LE) is down 6% not far from a 52 week low and Hooker Furniture (HOFT) is 7%. All reported disappointing quarterly results in one way or another. P.S., Macy's (M) is down again, down 7% to a 52 week low and down 50% since November.
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.