Diamonds and Dogs

3/18/21

 

Something cooking at Williams-Sonoma (WSM). The cookware retailer is surging 21% following strong earnings and upbeat forecast. Williams-Sonoma was a beneficiary of the Covid-19 pandemic as people spent more on their homes. The company announced an 11% increase to its dividend and a new $1 billion share repurchase program.

Tech taking it on the chin. After a big run up last year and to start this year, tech stocks are in correction territory as interest rates rise and the economy inches closer to reopening. Seagate (STX) is down 4$ today on news they are being investigated over alleged breach of China sanctions.

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