Diamonds and Dogs
American Eagle (AEO) flying higher. The teen retailer has seen better years, but today it's the diamond up 7% thanks to better than expected earnings. The company beat earnings estimates as sales rose 2.7% year over year to $845 million. Sales trends improved thanks to growth in jeans, bottoms, women's apparel and Aerie, with encouraging signs in men's tops beginning to emerge.
Lowe's (LOW) is going lower. The home retailer is down 6% back in the middle of its trading range following disappointing earnings. The company missed earnings and sales estimates. Revenue did rise 6.8% year over year to $19.5 billion. But then the company did guide lower for the rest of the year. Management noted that results for the first half of the fiscal year didn't meet their expectations, but the team remains focused on making the necessary investments to improve the customer experience.