Diamonds and Dogs
Weight Watchers (WTW) looks great. The weight-loss specialist is up 20% to new highs following better than expected earnings and raised guidance. The company easily beat estimates as revenue rose 15.3% year over year to $323.7 million. The company is excited about the upcoming winter season and the launch of our new program, which has received highly positive and enthusiastic feedback.
Avis Budget Group (CAR) getting hit following earnings. The company actually beat earnings estimates, but is down 17% due to lower sales while also lowering the higher end of its revenue forecast by $50 million for 2017. The hurricanes battering the southeast drove up costs Avis, but the company is optimistic things will improve going forward. I'm sure Uber is not helping.