Diamonds and Dogs
Trade Desk (TTD) is up 6% following better than expected earnings. Advertising may not seem like a high-growth business, but Trade Desk's software better allocates marketing spending for their customers. Customer retention is at 95% or better for 14 consecutive quarters as revenue climbed 54%, to $72.8 million in the current quarter.
Bad to worse at JC Penney (JCP). The retailer is down 17% to a new 52 week low following another disappointing quarter. The company lost 9 cents, excluding non-recurring items, 5 cents worse than expectations. Revenues rose 1.5% year over year to $2.96 billion. The good news is business is picking up on their E- commerce site. The bad news, online sales are less profitable. Sears and JC Penney may not be around for the long term.
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