Diamonds and Dogs

5/24/23

Kohls (KSS) and Abercrombie and Fitch (ANF) are up 7% and 30% respectively following better than expected earnings. Kohls reported a surprise profit thanks to reduced inventory, improved productivity and better than expected demand at Sephora division. Abercrombie also reported a profit as the retailer steered away from teenagers and embraced the whole family.

Intuit (INTU) lower following earnings. The owner of Turbo Tax fell 7% as earnings missed and guidance was below expectations. Regarding the news the government is considering creating its own e-filing system. Management at Intuit said it would cost tax passers billions

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