Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Cancel Anytime
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99per week for the first 24weeks
Just $1.99per week for the first 24weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

RH (STAR)

RH - NYSE

After the stress of the past year, you deserve to treat yourself to something special. Why not enjoy your next takeout meal on a marble and stainless steel dining table from RH for $6,821? After dinner, relax in your 19th-century-style pedestal soaking tub for $10,196. Demand for luxury home furnishings has never been so strong: With the U.S. economy reopening, the retailer formerly known as Restoration Hardware posted a 78-per-cent jump in first-quarter revenue as earnings topped expectations, prompting RH to raise its outlook. Oh, you want water in your bathtub? That’ll be another $1,950 for the polished brass fixtures.

Lordstown Motors (DOG)

RIDE - Nasdaq

You knew things weren’t going well for Lordstown Motors when, in January, one of its Endurance electric pickup trucks burst into flames just 10 minutes into its first road test. The EV startup has been putting out fires ever since. In March, short seller Hindenburg Research accused the company of using “largely fictitious” non-binding orders to exaggerate demand for the proposed truck. And this week, Lordstown disclosed in an SEC filing that its “current level of cash and cash equivalents are not sufficient to fund commercial scale production” of its vehicles, raising “substantial doubt regarding our ability to continue as a going concern.” With the stock down more than 40 per cent this year, shareholders have gotten badly burned.

Story continues below advertisement

Duckhorn Portfolio (STAR)

NAPA - NYSE

Business quiz! Duckhorn Portfolio is: a) A mutual fund managed by Foghorn Leghorn, the cartoon rooster of Looney Tunes fame; b) A shady wealth management company named after a hunting device, the Duckhorn, that attracts unsuspecting waterfowl that are then slaughtered; c) A winery in California’s Napa Valley that posted a 32-per-cent increase in net sales and 15-per-cent gain in adjusted earnings – both beating expectations – in its first quarterly report as a public company. Answer: c.

Wendy’s (STAR)

WEN - Nasdaq

“Where’s the beef?” It’s right under that pile of money. Shareholders of Wendy’s were raking in the cash after WallStreetBets – the Reddit group behind the frenzy in “meme stocks” such as AMC Entertainment and GameStop – added the burger chain to its list of buys, sending the shares to a record high before they gave back a chunk of their gains. “I just wanted to raise some awareness that this is gambling. Have your limits both high and low,” one WallStreetBets commenter said. Gambling? You don’t say.

Biogen (STAR)

BIIB - Nasdaq

The good news is that the U.S. Food and Drug Administration approved Biogen’s new Alzheimer’s drug, Aduhelm. The bad news? It’s not clear if the drug even works. Biogen’s shares soared to a six-year high following the FDA’s “accelerated approval” decision, which requires the company to conduct a follow-up trial to confirm the drug’s efficacy. But three members of the FDA’s scientific advisory panel resigned in protest, saying the initial trial data were unconvincing. One panelist called it “probably the worst drug approval decision in recent U.S. history.” Judging by the stock price, investors are okay with it.

A humorous look at the companies that caught our eye, for better or worse, this week

Story continues below advertisement

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies