Restoration Hardware Stock Discussion

$Zillow-C (Z.US)$ the whole real estate sector has been getting dumped like a bitch all the real estate small and mid caps have been oversold to absolute bottoms
but with increasing probability of rate cuts it should help homebuyers and homesellers because you don't need to pay ridiculous mortgage rates anymore so even the expectation of rate cuts is enough to move these housing stocks and along with them all the furniture/renovation stocks so i ...

Morning Movers
Gapping up
$Adobe (ADBE.US)$ The software company's shares soared 14.2% after it reported earnings and revenue that exceeded expectations, along with an increase in annualized digital media revenue, which surpasses what analysts had projected. Additionally, Adobe revised its full-year guidance upwards, and JPMorgan upgraded the stock to overweight, citing potential for "smoother sailing ahead" after a strong quarte...

$CapLand Ascendas REIT (A17U.SG)$ $HongkongLand USD (H78.SG)$ $Mapletree Log Tr (M44U.SG)$ $Mapletree PanAsia Com Tr (N2IU.SG)$
CNBC’s Jim Cramer admitted it’s been hard to “parse this economy,” but on Tuesday he pointed to signs that it is slowing down, looking at several recent weak earnings reports and new U.S. manufacturing and services data.
Cramer referred to these factors as “brown shoots” that are disrupting U.S. economic growth.
“When you combine the anecdotal evidence with the em...

$Restoration Hardware (RH.US)$ climbed 17% Thursday after releasing earnings Wednesday evening, coming in below expectations. Stephen Guilfoyle, moomoo Contributor and TheStreet.com writer attributed the stark climb, despite low EPS, to a predicted reversal of the negative revenue growth the firm felt in the past year.
RH revenue fell 15% in 2023, and in forward looking statements the firm projected a 12-14% growth rate in '24. The firm rep...

Morning Movers
Gapping up
$Estee Lauder (EL.US)$ Shares soared over 3% following an upgrade to buy from neutral by Bank of America, which referenced the company's profitability recovery efforts, new products, and growing market share in the prestige beauty sector.
$Allstate (ALL.US)$ The insurance stock climbed 0.9% after HSBC raised its rating to buy from hold, with analyst Vikram Gandhi commending the company's "decisive management...

Check out the stocks making headlines in extended trading:
$Restoration Hardware (RH.US)$
— Shares of luxury home furnishings retailer RH
jumped 7% after the company said it expects its demand trends to accelerate throughout fiscal year 2024, even as it foresees business conditions to "remain challenging" until interest rates ease and the housing market bounces back. RH missed earnings and revenue expectations for the fourth quarter, however, and guided...