What could trigger a stock plunge of 5% in one day: Hedge-fund manager Doug Kass

The month of February ends with no lunch and no deal in Hanoi for President Trump and his North Korean counterpart, but plenty of green for investors. Investors are waking up to news that talks between POTUS and North Korea’s leader fell apart in the wee hours of Thursday as the two couldn’t agree over sanctions. While geopolitics tend to […]

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Sleep Number stock jumps 10% on company’s earnings beat, 2019 guidance

Shares of Sleep Number Corp. SNBR, +0.96% rose more than 10% in the extended session Wednesday after the mattress company reported fourth-quarter earnings above Wall Street expectations and called for bigger profit in 2019. Sleep Number said it earned $27 million, or 81 cents a share, in the quarter, compared with $16 million, or 39 cents a share, in the […]

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Appliance shipments to the U.S. from China drop sharply

The trade war has taken a toll on imports to the U.S. from China, with the number of appliances entering the country dropping sharply in January, according to data from Panjiva, a global supply chain intelligence group. The year-over-year decline in refrigerator imports was 23.9% in January, while vacuum cleaners fell 14.9% for the period. Both items began to incur […]

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Coty’s new executives have a heap of supply chain issues still to work through

Coty Inc.’s new executives discussed the many supply chain issues the beauty company still has to sort through in 2019, though they say many problems have been resolved. “We firmly believe altogether that we have resolved the most critical supply chain integration issues, and we are confident that the disruption will be solved by year-end, with a much more moderate […]

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Ammo seller Vista Outdoors’ stock plunges to record low; CEO doesn’t know when sales will bottom

Shares of Vista Outdoor Inc. plunged to a record low in active trade Thursday, after the ammunition and outdoor recreation products seller missed sales expectations and cut its outlook, with Chief Executive Chris Metz indicating he didn’t know when the weakness would end. “This period of soft demand has persisted longer than any previous market cycle in recent history,” Metz […]

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Valvoline stock falls 8% on company’s earnings miss, restructuring

Shares of Valvoline Inc. VVV, -0.39% fell more than 8% in the extended session Wednesday after the lubricant maker and auto services provider reported fiscal first-quarter results below expectations and announced a restructuring, hoping to "reduce costs, simplify processes and ensure that the organization’s structure and resource allocation are focused on key growth initiatives." Valvoline said it earned $53 million, […]

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