Diamonds and Dogs
Retailers and TJX look good so far in 2018. The parent of T.J. Maxx, Marshall's, and Home Goods is up 7% thanks to better than expected earnings. The company beat earnings estimates and more importantly beat sales estimates and lifted guidance for the first quarter and full year. The company also looks to raise their dividend. Finally some good news for the retail space outside Amazon.
Tough day in Frontierland. Regional telecom company, Frontier (FTR) is down 34% after suspending their dividend. Frontier's board of directors voted to suspend the payment of quarterly dividends in order to refocus the company's capital on repayment of debt balances before the stock goes to zero. The stock is down 84% in the last year.
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