Diamonds and Dogs
At least one retailer is higher. Home improvement company, Lowes (LOW) is higher by 3% following better than expected earnings. The company saw a strong spring recovery and solid online sales. D.A. Davidson analyst maintained a Buy rating and a $237 price target.
Dicks Sporting Goods (DKS) taking it on the chin on disappointing earnings and lower guidance. Dicks is down 34% after warning about a consumer pullback and elevated inventory shrink due to organized shoplifting, employee theft and damaged goods.
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