Diamonds and Dogs
Barnes & Noble (BKS) jumping following better than expected earnings. The good news is the company beat earnings expectations and is up 20% in the last two days. The down side is revenues fell 6.4% year over year to $821 million, comparable store sales declined 6.3% and the stock is down 40% in the last year. Lets hope this isn't a dead cat bounce.
Another day, another retailer trading lower. Today's retail dog is Bed Bath and Beyond (BBBY) down 11% following earnings. The company missed earnings and sales numbers, missed on same store sales comps and will not update its full year modeling assumptions at this point. The company also saw increase softness in transactions in stores. Other than that, the company is doing great.