Diamonds and Dogs
Retail is finally having a good day. Lululemon (LULU) is jumping 3% following strong earnings. RH (Restoration Hardware) is jumping 20% following strong earnings. Red Robin is jumping over 20% on rumors of a private equity firm making a buyout bid.
A downgrade for Twitter (TWTR). The online social media platform is down 4% thanks to a downgrade from the Moffett Nathanson analyst. The bearish call argues that Twitter isn't spending enough to deal with the safety and security issues plaguing Big Tech. The analyst said, looking into the second half of 2019, now seems to be an especially opportune time to sell Twitter. He went on to say Twitter is approaching difficult top-line comps given the sharp recovery in its U.S. business in the third quarter last year.