Retail Runaways, GameStop Revamp, United’s Possible Big Order
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Description
Carl Quintanilla, Jim Cramer and David Faber dig through the massive movers of the morning. Including RH, after reporting adjusted quarterly profit and revenue that beat the street. The home furnishing retailer formerly known as Restoration Hardware also raising its full-year outlook. Plus, Signet Jewelers also skyrocketing after trouncing a $1.27 consensus estimate with adjusted quarterly earnings of $2.23 per share. The jewelry retailer’s revenue also beat estimates as same-store sales more than doubled from a year earlier, and Signet also raised its full year revenue forecast. Plus, Carl, Jim and David discuss the big revamp at GameStop. The company changing up its executive suite by hiring two former Amazon executives to top positions, with Matt Furlong named CEO and Mike Recupero tapped as Chief Financial Officer. Additionally, the company reported better than expected quarterly results, and said the SEC was seeking information on the recent trading frenzy in its stock. GameStop, also said it may sell 5 million additional shares from time to time. Plus, a report that United is in advanced talks to buy at least 100 Boeing 737 Max jets.
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