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.