Author Bio
Full-time host of the Motley Fool Money radio show, MarketFoolery podcast, and other things. Part-time connoisseur of movies, basketball & fine bourbon.
In this episode of
MarketFoolery, host Chris Hill and Motley Fool analyst Bill Barker discuss how
RH (NYSE:RH) sold a lot of luxury furniture in the fourth quarter, wrapping up a great fiscal year. Also,
KB Home (NYSE:KBH) shares fell despite strong first-quarter profits, and
Rite Aid (NYSE:RAD) updated guidance (which sent the stock down 20%).
To catch full episodes of all The Motley Fool s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
The Next Amenity? Furnished Condos
Developers are catering to buyers who want a true move-in experience, with the furniture already in place.
The Lofts Pier Village in Long Branch, N.J., an oceanfront residential complex, is selling one- to four-bedroom apartments both furnished and unfurnished.Credit.Laura Moss for The New York Times
By Hannah Selinger
March 16, 2021
Developers looking for new ways to market apartments during the pandemic have decided that more is better, so they have begun to offer buyers furnished apartments, solving two design problems: many people are wary about shopping in stores and are also leery of the current backlogs in the home furnishings market.
Purple Innovation Inc (NASDAQ: PRPL) has executed its turnaround very well, which paves the way for growth over the next few years, according to Bank of America.
The Analyst
BofA’s Curtis Nagle initiated coverage of Purple Innovation with a Buy rating and a price target of $10.
The Thesis. Read More.