Diamonds and Dogs

6/8/21

Stitch Fix (SFIX) reports strong earnings. The online clothing delivery firm is up 12% to a three-month high following strong earnings as sales rose 44% to $535.6 million. The company raised guidance as active clients, increased by 234,000 to 4.1 million, showing new and reactivated clients returning to the service as the economy reopens.

Uber Technologies (UBER) and Lyft (LYFT) are lower by 2% as efforts to reach a compromise with lawmakers in New York suffered a setback this week. A state senator scrapped closely watched plans to introduce a gig work bill this year that would have offered workers union representation without making them employees.

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