Diamonds and Dogs
.At lease one retailer is moving in the right direction. Dollar Tree (DLTR) is up 3% following better than expected earnings. Comparable-sales growth in its first-quarter was better than expected and there was evidence of a turn around going forward. Plus, the company said it would begin selling some items for more than $1 at Dollar Tree. They may have to change their name. At lease one retailer is moving in the right direction. Dollar Tree (DLTR) is up 3% following better than expected earnings.
Kraft Heinz (KHC) keeps moving lower. The consumer goods maker is down 3% to a new 52 week low as the company is under a SEC investigation and has still not filed their 2018 10-K and their first quarter 10-Q. Credit Suisse downgraded the stock lowering their price target to $26 from $33; Warren Buffett and Bershire Hathaway now have a loss in the stock.