Furniture Companies Up, Tesla Outperforms, Under Armour Rises
Description
On this episode of Stock Movers:
- Shares in furniture stocks could be active on Friday after President Trump delayed tariff increases on upholstered furniture, kitchen cabinets and vanities, easing the pace of his levies as voter frustration over price levels continues to simmer. Shares of Wayfair (W) and RH (RH) both edged higher in the early session
- Under Armour (UAA) shares rise as much as 6.8%, to the highest intraday since Sept. 4, as UBS analyst Jay Sole sees improving EPS and sales growth boosting the stock’s valuation.
- Shares of Tesla (TSLA) are outperforming Magnificent Seven shares in premarket trading ahead of the electric-car maker’s fourth-quarter production and deliveries report. Earlier this week, the company took the unusual step of publishing a series of sales estimates indicating the outlook for its vehicle deliveries may be lower than many investors were expecting
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