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Why Williams-Sonoma Stock Jumped on Friday

Shares of upscale home-goods retailer Williams-Sonoma (NYSE: WSM) surged on Friday, after the company reported results for the quarter ended May 5 that were well above Wall Street's expectations. Williams-Sonoma's shares ended Friday's session at $83.21, up 13.9% on the day. Williams-Sonoma's results for its fiscal first quarter were surprisingly good given that its stores were closed for most of the period.

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  Attention! Williams Sonoma Just Slashed Prices on Le Creuset Cookware for Up to 55% Off

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  Williams-Sonoma (WSM) Q1 Earnings Beat on E-commerce Growth

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Beware of Box's Increasing Profitability

The cloud platform's fiscal first-quarter results show management's strategy is materializing, but that means revenue growth will be decelerating.

REGN vs. BMRN: Which Stock Is the Better Value Option?

REGN vs. BMRN: Which Stock Is the Better Value Option?

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  Moving Average Crossover Alert: ChannelAdvisor

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  Quidel (QDEL): Strong Industry, Solid Earnings Estimate Revisions

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Why Is BioMarin (BMRN) Up 14.8% Since Last Earnings Report?

BioMarin (BMRN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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  Why Is Fortive (FTV) Down 4.7% Since Last Earnings Report?

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  Why Is Element Solutions (ESI) Up 6.2% Since Last Earnings Report?

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Williams-Sonoma (WSM) Q1 Earnings Beat on E-commerce Growth

Strong e-commerce revenue growth helps Williams-Sonoma (WSM) to post better-than-expected Q1 earnings and revenues.

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  DXC Technology (DXC) Q4 Earnings Top Estimates, Revenues Miss

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• Zscaler Shares Hit Record High After Q3 Earnings Beat; DoD Contract Win Boosts Gains

  TheStreet.com

Semtech (SMTC) Q1 Earnings & Revenues Surpass Estimates

Semtech'S (SMTC) fiscal Q1 results surpass expectations on differentiated growth drivers and diversification strategy.

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  Why Shares of Triumph Group Are Falling Today

  Motley Fool
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  TDS (TDS) Up 4.4% Since Last Earnings Report: Can It Continue?

  Zacks

Marvell's (MRVL) Q1 Earnings & Revenues Surpass Estimates

Strong demand for its networking products from the datacenter and 5G infrastructure end markets drive Marvell's (MRVL) fiscal Q1 results.

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  Why Is Element Solutions (ESI) Up 6.2% Since Last Earnings Report?

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  Willis Towers Watson (WLTW) Up 13.8% Since Last Earnings Report: Can It Continue?

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Rockwell Automation (ROK) Hits 52-Week High: What's Driving It?

Cost-reduction initiatives, acquisitions and expansion of product portfolio are contributing to the rally in Rockwell Automation's (ROK) shares.

Pharma Stock Roundup: MRK, RHHBY Give Coronavirus Updates,SNY to Sell Stake in REGN

Merck (MRK), Glaxo (GSK) and Roche (RHHBY) make progress in coronavirus research efforts.

Work-from-home productivity pickup has tech CEOs predicting many employees will never come back to the office

If you rebuild the workplace after COVID-19, will the workers ever come back? In Silicon Valley, the answer from many tech companies is that many won’t, and maybe that is a good thing.

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  How COVID-19 could permanently change the way we work

  Yahoo Finance Canada
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  Tech Industry's Work-From-Home Plans Could Reach Beyond Silicon Valley

  Investor's Business Daily

Coronavirus update: Global death toll tops 365,000 as Brazil, Mexico and Peru record spikes in new cases

The global death toll from the coronavirus that causes COVID-19 climbed above 360,000 on Friday, as Brazil, South Korea, the Philippines, Iran and Portugal all reported spikes in infections.

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  Italy records 87 new coronavirus deaths, 516 new cases

  Reuters
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  Coronavirus update: US death toll surpasses 100,000; employers can mandate tests

  Yahoo Finance

Hedge Funds Aren’t Done Buying Regeneron Pharmaceuticals Inc (REGN)

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

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  Is Daxor Corporation (DXR) A Good Stock To Buy According To Hedge Funds?

  Insider Monkey
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  Here is What Hedge Funds Think About Las Vegas Sands Corp. (LVS)

  Insider Monkey

These Are The 5 Best Stocks To Buy And Watch Now

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?

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  UnitedHealth, IBD Stock Of The Day, Hits Buy Zone; Dow Giant Tops Pre-Coronavirus Peak

  Investor's Business Daily
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  IBD 50 Growth Stocks To Watch: Netflix Stock Hits A Buy Zone

  Investor's Business Daily

Parents flocked to Pottery Barn Kids and Teen during the lockdowns, driving Williams-Sonoma results

Williams-Sonoma credited its e-commerce capabilities and its Pottery Barn Kids and Teen business for better-than-expected results.

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  Williams Sonoma Is Having a Major Sale On Le Creuset Right Now

  SheKnows
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  Schumacher x Williams Sonoma Just Released Our New Favorite Designs

  Elle Decor

Regeneron Completes Secondary Offering of Common Stock Held by Sanofi

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced that it has completed the secondary offering of 13,014,646 shares of its common stock held by Sanofi, which includes the exercise in full of the underwriters' option to purchase additional shares from Sanofi, at a public offering price of $515.00 per share. The Company also announced the completion of its repurchase of 9,806,805 shares directly from Sanofi at a price of $509.85 per share (representing the price paid by the underwriters in the offering), for an aggregate purchase amount of $5 billion. Pursuant to the offering and repurchase, Sanofi has disposed of all of its shares of common stock in Regeneron, other than 400,000 shares that it is retaining.

Appeals Court Revives CRST's Driver-Poaching Lawsuit

A divided federal appeals court has revived a lawsuit by CRST Expedited Inc. alleging rival motor carrier TransAm Trucking Inc. poached drivers who had signed noncompete contracts with CRST.In a 2-1 split, the 8th U.S. Circuit Court of Appeals on Wednesday reversed the U.S. District Court for the Northern District of Iowa's July 2018 order granting summary judgment to TransAm and remanded the case for further consideration.Judge Bobby E. Shepherd, writing for the majority, wrote that the district court erred in granting TransAm's motion for summary judgment on claims of intentional interference with CRST's employment contracts, finding that TransAm's action of offering an incentive, like higher pay, caused some CRST drivers not to complete the terms of their noncompete agreement with the Cedar Rapids, Iowa, carrier. The panel's majority argued that TransAm, headquartered in Olathe, Kansas, knowingly recruited and hired 167 long-haul truck drivers, who had completed CRST's driver training program to obtain their commercial driver's licenses (CDLs) but were contractually obligated to work for the motor carrier over a 10-month restrictive period so CRST could recoup its training school costs.Shepherd also stated that the district court erred in granting TransAm's motion for summary judgment on CRST's unjust-enrichment claim."CRST-trained drivers are less expensive for TransAm to employ than drivers who have not been trained by TransAm's competitors," the judge wrote. "Unlike CRST, TransAm does not incur those training costs, and, as a result, it can offer its recruits a higher rate immediately."He added that while "TransAm offers to reimburse its recruits for the costs associated with obtaining their CDLs, CRST presented evidence that TransAm's reimbursement program does not extend to drivers who have obtained their CDLs through programs operated by other trucking companies."CRST, which hauls general freight,  has nearly 1,700 power units and approximately 3,400 drivers, according to the Federal Motor Carrier Safety Administration's SAFER website."CRST is pleased with the result and grateful for the hard work of the judges which produced this opinion," CRST attorney Kevin Visser of Simmons Perrine Moyer Bergman PLC told FreightWaves. "The case has been remanded to the Iowa federal court for a trial on the merits of the issues."In regard to TransAm's cross-appeal, which argued the case should have been dismissed because CRST failed to join the indispensable parties, meaning only the drivers should have had standing to challenge the noncompete agreements, the majority panel agreed with the lower court's ruling. TransAm, which hauls general freight, fresh produce and paper products, has about 1,600 power units and 1,051 drivers, according to FMCSA. Kansas City, Missouri-based Seigfreid Bingham PC, the law firm representing TransAm, did not respond to FreightWaves' email and telephone requests for comment.In his dissenting opinion, Judge David Stras wrote there's no evidence that TransAm's recruiting efforts, including its nationwide advertisements, "were aimed at anything more nefarious than finding qualified drivers." He added that TransAm didn't send out targeted communications specifically to CRST drivers encouraging them to break their noncompete agreements."Without evidence of an improper motive, the wheels come off CRST's tortious-interference claim," Stras wrote. He added that the CRST drivers hired by TransAm didn't actually receive a special deal at all because they were ineligible for the training reimbursement payments that other drivers received.Driver-poaching lawsuitCRST filed a $90 million damage lawsuit against TransAm in the U.S. District Court for the Northern District of Iowa in April 2016 after first sending a cease-and-desist letter to TransAm in 2014. The Iowa-based carrier alleges that it saw an uptick in 2014 in employment verification requests from TransAm for drivers who were still under contract to work for CRST. Court documents allege that each time CRST received an employment verification from one of its drivers still under contract, it sent correspondence to TransAm notifying the carrier that the drivers were still in their restrictive periods.CRST is also battling another mega-carrier over the same driver-poaching issue.Swift Transportation, a unit of Knight-Swift Transportation Holdings Inc. (NYSE: KNX), is currently appealing a more than $15 million federal jury award it was ordered to pay in late July 2019 for allegedly poaching drivers with the same noncompete agreements from CRST. In December 2019, U.S. District Judge C.J. Williams reduced Swift's punitive damages from $5 million to $3 million and eliminated the jury's $7.5 million unjust-enrichment award.See more from Benzinga * ZIM's Loss drops as EBITDA and Cash Flow Jump * New Mexico trucking attorney nominated for seat on federal bench * No Business Like Show Business: Film Production Drivers Get Clearinghouse Exemption(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Why Cognex Stock Plunged Today

The machine-vision specialist is laying off workers in an effort to cut costs as COVID-19 hits the company's end markets.

Why Marvell Technology Stock Jumped Today

Shares of Marvell Technology (NASDAQ: MRVL) have jumped today, up by 6% as of 12:50 p.m. EDT, after the company reported fiscal first-quarter earnings. Marvell generated $176 million in operating cash flow and finished the quarter with $668 million in cash on the balance sheet. "In a challenging environment, solid execution by the Marvell team drove strong first quarter financial results with disciplined operating expense management, healthy operating cash flow, and revenue above the mid-point of guidance, enabled by stronger demand for our networking products from the datacenter and 5G infrastructure end markets," CEO Matt Murphy said in a statement.

Here’s why Williams-Sonoma’s 2.6% same-store sales growth is particularly extraordinary

Home interior and furnishing retailer Williams-Sonoma (WSM) is gaining market share as people shop online to spruce up their homes during the pandemic.

Low Mortgage Rates Put Housing Stocks Back on Possession Track

Housing demand to rebound from the pathetically low mortgage rates, making home buying an affordable affair.

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  US mortgage rates fall; 30-year loan at all-time low 3.15%

  Associated Press
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  Mortgage rates nose-dive to new low and bring out the buyers

  MoneyWise

Freight Demand Weakness Hurts Knight-Swift, Liquidity Aids

Dismal freight demand due to coronavirus pandemic hurts Knight-Swift's (KNX) results. Nevertheless, the company's sound liquidity is a positive.

Marvell Technology Group Ltd (MRVL) Q1 2020 Earnings Call Transcript

MRVL earnings call for the period ending May 2, 2020.