Home Furnishings

Shares of Mohawk Industries (NYSE: MHK) are higher on the session by 2.77% to $62.68, but investors are buying puts along the way as protection. The May $60 put traded over 1,200 times and the August $60 put traded over 5,500 times. Put volume in Mohawk Industries is running at 3.65x the daily...

Ethan Allen Interiors (NYSE: ETH) is moving lower on the session to $19.53, off 1.61%, and is seeing some bearish options activity along the way. I am detecting 1,500 May $25 puts rolled to the May $22.50 line; this trade is done to take profits on previously long puts while still entertaining a...

At 12:20 pm, Dow lost 75.95 points, or 0.68%, to 11,091.37, while the broader Standard & Poor's 500 index lost 10.99 points or 0.91%. The Nasdaq composite index has also slipped 27.36 points or 1.09%. The industries that are helping the market keep afloat today are: Toy & Hobby Stores: The...

Shares of Ethan Allen (NYSE: ETH) are taking it on the chin today after the company reported a loss that was bigger than analysts had expected. This morning Ethan Allen said it lost $0.05 in the first quarter. Analysts were looking for earnings to come in flat at $0.00. Revenues were in-line at $...

Abbott Labs (NYSE: ABT) has joined Eli Lilly (NYSE: LLY) and Johnson &Johnson (NYSE: JNJ) in reducing the 2010 profit outlook. ABT now expects its profits for 2010 to come at $4.13-$4.18 per share, as compared to its earlier forecast of $4.20-$4.25. The main reason for all three companies...

Corning Inc (NYSE: GLW) was upgraded by RBC Capital Markets from “sector perform” to “outperform.” GLW’s shares gained 0.55% to $20.01 at 10:05 am EST. GLW has a 52-week trading range of $13.13-$20.79. RBC Capital Markets upgraded Washington Banking Co (NASDAQ: WBCO) from “sector perform” to “...

Baldwin & Lyons Inc (NASDAQ: BWINB) shares added 0.47% to create a new 52-week high of $25.81. BWINB is involved in marketing and underwriting property and casualty insurance products in the US and Canada. Bassett Furniture Industries, Inc (NASDAQ: BSET) shares created a new high of $6.29,...

By 1:08 p.m., Dow had lost 8.39, or 0.08%, to 10,312.64, while the broader Standard & Poor's 500 index slipped 0.71, or 0.06%, to 1,102.22. The Nasdaq composite index rose 0.44, or 0.02%, to 2234.66. The industries that are driving the market today are: Textile Industrial: The top gainer of the...

La-Z Boy’s (NYSE: LZB) shares registered a 10% rise touching a three-year high on Wednesday, as the company reported better-than-expected Q3 profit. Shares were trading at $13.23 at 1.58 p.m. New York time. It reported adjusted earnings of 17 cents per share beating analysts’ estimates of 9 cents...

La-Z-Boy Inc. (NYSE: LZB) reported net income of $11 million or $0.21 per share versus a loss of $64.5 million or $1.25 per share in the year ago period. Revenues increased by 5.7% to $305.1 million from $288.6 million in last year's corresponding quarter. Wall Street analysts had been expecting...

Ethan Allen Interiors (NYSE: ETH) reported its Q4 losses at $0.06 as compared to the Street view of losses of $0.02. ETH’s revenues for the quarter came at $143.3 million versus the consensus of $149.04 million. ETH’s Chairman, President and CEO, Farooq Kathwari, commented, "The challenges of the...

John Fitzgibbons, partner and head of wealth management at ThinkEquity, shared his market outlook with CNBC. He said that he is maintaining a cautious approach towards the markets. According to him, investors are looking for a reinsurance about the spending ability of U.S. consumer. He stated that...

Leggett & Platt (NYSE: LEG) will post last quarter’s earning results after the market closes on Thursday. The home furnishings and fixture company is expected to earn $0.24 per share versus $0.03 for the same quarter a year ago. Leggett & Platt posted a surprise ‘beat’ last quarter, but...

Furniture Brands International Inc. (NYSE: FBN) announced that it expects that net sales for the fourth quarter of 2009 will be in the range of $280 million to $290 million. This is lower than the analysts’ expectation of net sales of $311 million for the fourth quarter. Furniture Brands...