Diamonds and Dogs
DowDuPont (DWDP) is up 4% on a $2 billion share buyback. DuPont will become an independent company on June 1st following the separation of the specialty products and agriculture business. DuPont will initiate the $2 billion share-repurchase program following the spinoff. DowDuPont Specialty Products is currently a division of DowDuPont, formed in a mega merger concluded in 2017 with Dow Chemical. Going forward the company is dividing into three separate entities.
Kohl's (KSS) having a tough day. The retailer known for Amazon returns is down 12% at a 52 week low following earnings. Kohl's missed by 6 cents as sales fell 3.3% to $3.82 billion, below estimates. Kohl's went on to lower full year guidance. Management said the year has started off slower than expected. I guess Amazon isn't helping the retailer much yet.