Diamonds and Dogs
Burlington Stores (BURL) continues their turnaround. The retailer is up 14% to new highs following earnings. The company easily beat expectations as sales rose 3.5% to $2.28 billion. Burlington expects to expand its "store count potential" to 2,000 stores, from 1,000 while also trying to significantly increase market share opportunities.
Profit-taking in the chips. Dram maker, Micron Tech (MU) is down 3% even though the company raised guidance the other day. Demand remains strong as supply inventory levels continue to go down. Micron initially rose on the news but is now down 10% from the highs for the week.
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