Shares of Restoration Hardware fall on the news that co-CEO Carlos Alberini is resigning, effective January 31. The news came as the company reported better-than-expected third-quarter earnings but comp sales that missed expectations.
Consumer-focused stocks have outperformed the market for 2 decades
Sales dropped 0.3% in August, the Census Bureau said this morning, dragged lower by automobiles. That's not good news for banks like JPMorgan Chase hoping for higher interest rates.
Take your profits now. The stock has gone as far as it can go.