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Things are all topsy-turvy in the mattress sector. Though both Tempur-Pedic (TPX) and Select...
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Friday, January 25, 8:12 AM ETThings are all topsy-turvy in the mattress sector. Though both Tempur-Pedic (TPX) and Select Comfort (SCSS) reported weak sales trends (I, II), TPX is up 16.5% premarket while SCSS is off 15.6% as the former company beat estimates and the latter one lagged. The most important message flowing out from the sector is that both sales and margins fell during Q4. Mattress Firm (MFRM) is up 1.1% premarket, while Sealy (ZZ) is inactive, but both look set for some volatility of their own.
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AAPL down 12%
Good job Wall St. You guys are good.