Wall Street can’t quite make up its mind about Herman Miller these days. Is it a work-from-home play like Zoom or DocuSign, or should we think of it more as a reopening trade like airline and hotel stocks? Is it a retailer or an office furniture maker? As Market Watch columnist Dennis Scully explains, the answer is all of the above.
On RH’s latest earnings call, company chairman and CEO Gary Friedman asked traders to stop buying his stock, explained why being talked about is so valuable, and imagined a world where RH offers architecture, landscape architecture and interior design services.
Pfizer’s big news on Monday regarding the early success of trials of its COVID-19 vaccine quickly made waves in the stock market, sending shares of airlines, hotels, movie theater chains and cruise ship operators soaring. It also disrupted the meteoric rise of several major home furnishings players—BOH’s Market Watch columnist Dennis Scully explains why.
Despite the pandemic and all its restrictions, Wayfair fulfilled nearly 19 million orders in the second quarter, a 106 percent increase from the same quarter a year ago. The company also turned a profit for the first time since going public in 2014. Market Watch columnist Dennis Scully explores whether the company’s success is a flash in the pan or the starting point for long-term growth.
Unlike many furniture brands, Knoll has not benefited from the work-from-home rally that sent some shares skyrocketing. What’s next for the office furniture behemoth (parent company of trade brands like Holly Hunt and Edelman Leather)? Dennis Scully dialed into the company’s latest earnings call to find out.
In March, shares of Wayfair had fallen to a five-year low. Then the coronavirus decimated brick-and-mortar competition, and the online furniture retailer’s stock price has hit an all-time high. But can Wayfair turn a profit?
Last week, the stock market saw the biggest weekly selloff since the financial crisis in 2008. The S&P 500 index had fallen by nearly 12 percent—and shares of many home-related companies fared far worse. Dennis Scully explains what the market fluctuations mean and explores what might come next.
Last year was great for the stock market in general, and home retailers in particular. But it’s a new year, and with January earnings starting to come in, it’s a good time to take a look at what lies ahead for companies like Williams Sonoma, RH and Pier 1.
On Wednesday, shortly after the market closed for trading, RH reported earnings results for the third quarter. The numbers were strong—and so was the market’s response. Market Watch columnist Dennis Scully unpacks why traders, after years of shorting the company’s stock, find themselves chasing RH shares to record highs.