TALK - Hot Stocks: Home retailers rally; PLBY rises on earnings; TALK CMP fall; KZR clinical data
On a day that saw the release of better-than-expected retail sales and modest gains on Wall Street, a very specific part of the retailing sector moved into the spotlight on Tuesday. Bolstered by strong earnings from Home Depot, shopping outlets focused on housing products rallied. Lowe's (NYSE:LOW), Williams-Sonoma (NYSE:WSM), Bed Bath & Beyond (NASDAQ:BBBY), Sherwin-Williams (NYSE:SHW) and Kirkland's (NASDAQ:KIRK) all pushed higher. Kezar Life Sciences (NASDAQ:KZR) was another notable gainer on the session. Encouraging clinical trial data for an experimental lupus therapy sent shares higher by nearly 40%. Elsewhere, PLBY Group (NASDAQ:PLBY), the owner of the Playboy brand and a one-time high-flying SPAC, posted another of the day's standout gains. The stock expanded its value by nearly a third in the wake of a well-received quarterly report. Earnings news had the opposite impact on Talkspace (NASDAQ:TALK). Disappointing quarterly results and the departure of a couple of key executives sparked a
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Hot Stocks: Home retailers rally; PLBY rises on earnings; TALK, CMP fall; KZR clinical data