Diamonds and Dogs
The shelter-in-place order boosted Wayfair's (W) business. The online furniture retailer is up 23% making a new all time high following earnings. Wayfair posted better-than-expected quarterly results, as more consumers took to renovating and furnishing their homes for business purposes while being stuck indoors due to the COVID-19 pandemic.
A second diamond, Starbucks (SBUX) looks to reopen more stores. The world's biggest coffee chain is up 2% as a vast majority of its company-owned U.S. stores will re-open by the end of the week. Starbucks said 85% of its company-owned stores would be 'responsibly' re-opened this week, with at least 90% opened by early June.
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