RH Surges 35% After Q1 Earnings: Here’s What Wall Street Thinks
Shares of RH (RH) were higher by more than 35 percent and hit a new all-time high of $164.28 Tuesday morning inreaction to a mixed first-quarter earnings report, but encouraging guidance. Here is a summary of what some of the Street’s top analysts are saying after the print.
RH’s performance made it clear initiatives around membership and operations resulted in a “more efficient, stable, and profitable business,” the analyst wrote in a note. However, the stock’s performance in Monday’s after-hours session pushed the stock’s valuation to 22x EPS and 12x on EBITDA estimates, which “looks full.”
Restoration Hardware-owner shares soar 34% on signs its shift to luxury is working
RH shares skyrocketed on Tuesday after the luxury home goods retailer reported first-quarter earnings well-aboveestimates and raised its forecast for the year.
Shares rose more than 34 percent, putting it on pace for its best day since Sept. 7, 2017, when it rose 44.8 percent. RH was formerly known as Restoration Hardware and has recently shifted its brand to the higher end of the home furnishings marketplace.
FOMC Policy Decision
The Fed, Inflation and What to Watch at This Week’s FOMC Meeting
Amid strong momentum in the economy and inflation virtually at the Fed’s longer-run 2 percent inflation target, the Fed is expected to increase its policy rate from 1.75 to 2.0 percent at the conclusion of its June 12-13 FOMC meeting, and announce the next step in its balance sheet normalization policy.
Fed Dots in Focus as Market Awaits Rate Hike
Federal Reserve Chairman Jerome Powell has repeatedly played down the central bank’s “dot plot” as a guide to future interest rates, but Wall Street just won’t take the hint.
Dollar climbs ahead of Fed policy meeting
LONDON (Reuters) – The dollar edged up against the euro and hit a three-week high versus the yen on Wednesday ahead of a Federal Reserve policy announcement that investors will scan for clues on how many more U.S. rate hikes there will be this year.
Today's Trade of the Day | 6-13-18
After 3 days of consolidation NVDA Nvidia Corp is set for an increase in volatility. The pause in the stock price after a momentum moved traded to new highs has me game planning a new swing trade long. Using a $263 buy stop as the entry trigger to buy, and an initial profit target of $280. If the stock breaks the range lower I am letting it go. If filled, stop loss on a close below $260.
Stocks to Trade | Wednesday Edition 6-13-18
Bullish Momentum: NTNX, TWLO, SQ, MTCH, EXAS, Z, SIG, EQT, HTHT
Bearish Momentum: mpc, andv, hes
Double Normal Volume: TWX, TSLA, EVHC, AABA, T, FSLR, HTZ, BILI
Inside Days: bsx, msft, amat, ebay, mo, mrvl, jnpr, wba, lrcx, momo, cah, esrx, ea, avgo, ual, adm, aa
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