The paint producer sees higher commercial sales coming. Also, Wall Street views on UPS, DTE Energy, Tesla, Penumbra, and Restoration Hardware.
Restoration Hardware (RH) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Shares of RH (NYSE: RH) were running over 14% higher this week after the luxury home furnishings company formerly known as Restoration Hardware reported earnings yesterday after the market closed. RH stock had been trending lower in June before the earnings report, but first-quarter sales and profits hit record levels, leading the interior designer to raise its second-quarter and full-year guidance. Chairman and CEO Gary Friedman said the retailer's performance was the result of "a strong housing and renovation market, both with pent up demand and a long tail, a record stock market, low interest rates and the reopening of several large parts of our economy."