Diamonds and Dogs
Levi Strauss (LEVI) performing well. The jeans maker is up 2% reaching the highest level since going public after the denim maker projected a sales boost in the first half of the year. The company joins a group of retailers that expect shoppers to spend more freely as 2021 progresses. The San Francisco-based company said yesterday it sees net revenue increasing 24% to 25% in the first half of fiscal 2021 compared with the same period a year ago.
Profit-taking in WD-40 (WDFC). The grease company performed well last year as their stock nearly doubled during the pandemic thanks to their maintenance, homecare, and cleaning products. Today, the stock is down 14% after missing estimates. Coming out of the pandemic, sales and earnings may continue to slide.
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