Herman Miller Aeron chair

Source: Herman Miller

Shares of office furniture retailer Herman Miller are surging after a blowout earnings report that showed the company is benefiting from the work-from-home trend. 

Herman Miller jumped 33.5% in midday trading on Thursday, while the broader market was under pressure. 

As the coronavirus pandemic forces millions of American to work from their homes, the company said customers are upgrading their homes with work and office furniture. The home office category increased nearly 300% since last year, the company said in its earnings release. 

“They reported a completely blowout quarter last night. Why? Because people are rebuilding their homes,” CNBC’s Jim Cramer said on “Squawk on the Street” on Thursday.

Herman Miller reported fiscal first quarter earnings per share of $1.24, blowing past the earnings of 26 cents per share expected by Wall Street, according to Refinitiv. The company made $626.8 million in revenue,

Read More

(RTTNews) – Universal Health Services, Inc. (UHS) announced Tuesday that its founder Alan Miller will step down as Chief Executive Officer, effective January 2021. Marc Miller, who currently serves as President, will become the new Chief Executive Officer.

Meanwhile, Alan Miller will continue to serve as Executive Chairman of the Board of Directors of UHS in addition to retaining certain other management responsibilities within the company.

Alan Miller will also continue to serve in his current role of Chairman of the Board, President and Chief Executive Officer of Universal Health Realty Income Trust (UHT), a real estate investment trust founded by UHS.

He founded UHS in 1979 with six employees. UHS currently employs approximately 90,000 employees and operates through its subsidiaries close to 400 facilities located in 37 U.S. states, Puerto Rico and the United Kingdom.

Marc Miller, President since 2009, is the newly appointed CEO of UHS. He is

Read More

NYSE:MLR) is about to go ex-dividend in just four days. If you purchase the stock on or after the 3rd of September, you won’t be eligible to receive this dividend, when it is paid on the 14th of September.” data-reactid=”28″Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that Miller Industries, Inc. (NYSE:MLR) is about to go ex-dividend in just four days. If you purchase the stock on or after the 3rd of September, you won’t be eligible to receive this dividend, when it is paid on the 14th of September.

Miller Industries’s upcoming dividend is US$0.18 a share, following on from the last 12 months, when the company distributed a total of US$0.72 per share to shareholders. Based on the last year’s worth of payments, Miller Industries has a

Read More

Tesla shares are burning rubber.

The stock rallied more than 6% on Wednesday after Jefferies boosted its price target to a sSreet high of $2,500, well above its current price of $2,153. That target hikes comes even after a more than 400% surge this year.

Tesla stock could be getting ahead of itself, warns Miller Tabak chief market strategist Matt Maley.

“The stock is in a bubble, and I’m not one of those perma-bears. I mean back 15 months ago when the stock dropped below $190, I said ‘back up the truck and buy with both hands’,” Maley told CNBC’s “Trading Nation” on Wednesday.

Shares traded as low as $178.97 in June 2019. Since then, it has rocketed 1,103% higher, boosted in part by a streak of quarterly profits and favor among retail investors.

Maley notes it still has long-term potential, which does not negate the high probability of short-term

Read More