Diamonds and Dogs
Oil stocks are gushing today with Brent crude hitting $70 a barrel for the first time since November. Devon Energy (DVN), Apache (APA), EOG (EOG), Hess (HES) and others are trading up 3% or more. This won't make President Trump happy. The White House is planning an executive order to cut regulation and boost pipeline construction as part of a broader effort to lower energy prices.
Duluth Holdings (DLTH) doesn't fit well today. The workwear retailer is down 25% not far from a 52 week low after missing fourth-quarter earnings and revenue expectations. During a conference call with analysts, President and CEO Stephanie Pugliese said that during the fourth quarter they encountered some challenges with systems implementation and late deliveries of products. In other words, they have too much inventory of underwear. Yikes.
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