Diamonds and Dogs
Restoration Hardware (RH) looks good. The home-furnishings retailer is up 3% near all-time highs following earnings and forecasts for more growth to come. RH has been a major beneficiary of the Covid-19 pandemic as consumers spent more on their home in general, while many moved to the suburbs for more space as they worked remotely.
No one got the flu this year. Rite Aid (RAD) is down 15% following disappointing earnings. Cough, cold and flu-related category sales fell 37%. On the plus side, Rite Aid has administered about 1 million COVID-19 vaccines in March. One analyst upgraded the stock saying business is near a trough for the retail pharmacy sector.
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