FIVE - Hot Stocks: RH FIVE drop on earnings; MLKN rises; VIR surges on index inclusion

Retailers from both sides of the price spectrum raised caution flags on Wednesday, with RH (NYSE:RH) and Five Below (FIVE) each losing ground in midday trading on earnings news. Meanwhile, MillerKnoll (MLKN) saw strength in the wake of its quarterly update. Solid results and an upbeat forecast spurred intraday buying. In other news, Vir Biotechnology (VIR) surged on news that it would be included in an S&P index. Decliners High-end furniture retailer RH (RH) lost ground in intraday trading following the release of quarterly results. The company's earnings topped expectations, but its revenue came up short. The top-line figure rose 11% to $903M -- nearly $30M below analysts' consensus. Meanwhile, Gary Friedman, the company's CEO, warned that retailers continue to face a difficult economic climate, with inflationary pressures and supply chain disruptions. Along with the earnings announcement, the company announced a 3-for-1 stock split. Weighed down by the earnings news,

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Hot Stocks: RH, FIVE drop on earnings; MLKN rises; VIR surges on index inclusion