RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com, and Source Books, a series of catalogs. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was incorporated in 2011 and is headquartered in Corte Madera, California.

Key Points
Greatmark Investment Partners acquired 16,560 RH shares, for an estimated trade size $2.83 million (based on average prices in the fourth quarter of 2025).
Greatmark now holds 97,575 RH shares worth $17.48 million
RH now accounts for 2.07% of the fund's AUM, placing it outside the fund's top five holdings.
On Jan. 27, 2026, Greatmark Investment Partners reported buying 16,560 shares of RH (NYSE:RH), an estimated $2.83 million trade based on quarterly average pricing.
What happened
According to a SEC filing dated Jan. 27, 2026, Greatmark Investment Partners increased its position in RH by 16,560 shares during the fourth quarter of 2025. The estimated value of the shares acquired, calculated using the quarterly average closing price, was $2.83 million. The value of the RH position at quarter-end increased by $1.02 million, a figure that incorporates both trading activity and price movements.
What else to know
The fund’s RH stake now represents 2.07% of reported AUM after this buy.
Top holdings after the filing:
NYSE:AFL: $64.90 million (7.7% of AUM)
NYSE:AXP: $40.54 million (4.8% of AUM)
NASDAQ:AAPL: $38.71 million (4.6% of AUM)
NASDAQ:MSFT: $34.06 million (4.0% of AUM)
NYSE:AN: $33.45 million (4.0% of AUM)
As of Jan. 26, 2026, RH shares were priced at $219.09, down 46.7% over the past year and underperforming the S&P 500 by 61.6 percentage points.
Company overview
Revenue (TTM)
$3.41 billion
Net income (TTM)
$109.93 million
Price (as of market close 1/26/26)
$219.09
One-year price change
(46.67%)
Company snapshot
RH offers a broad portfolio of home furnishings, including furniture, lighting, textiles, bathware, décor, outdoor and garden products, and child and teen furnishings.
The company generates revenue through direct-to-consumer retail channels, including physical galleries, outlet stores, catalogs, and e-commerce platforms.
It targets affluent residential customers seeking premium home furnishings and design-driven products across the United States, Canada, and the United Kingdom.
RH is a leading specialty retailer in the home furnishings sector, operating a multi-channel platform that integrates physical retail galleries, digital commerce, and curated catalogs. The company’s strategy emphasizes differentiated design, premium product assortments, and immersive retail experiences to capture share in the high-end home market. RH’s competitive edge lies in its brand positioning, distinctive merchandising, and ability to serve design-oriented consumers seeking luxury home solutions.
What this transaction means for investors
One reason for the poor performance of RH stock over the past year has been added costs due to tariffs. Yet management has done a good job navigating a tough environment. Third-quarter revenue rose 9% despite what the company called “the worst housing market in almost 50 years, and the polarizing impact of tariffs.”
Investors have begun to recognize the strength of the business, even with the overhang of sluggish operating margins from higher tariff effects than anticipated. Shares have jumped 13.5% to start off 2026. That is likely due to the belief that the tariff picture is becoming more clear.
Earlier this month, President Trump paused a previously announced increase on tariffs for upholstered furniture. That gave investors a reason to buy the dip in RH shares.
With the additional shares, RH now accounts for 2.07% of Greatmark’s AUM, still leaving it outside the fund's top five holdings. There does seem to be more potential upside for RH, too. Signs of a housing recovery would likely cause the stock to jump again. Those who want a stake in housing and furniture stocks may want to start a position before that occurs.
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American Express is an advertising partner of Motley Fool Money. Howard Smith has positions in Apple and Microsoft. The Motley Fool has positions in and recommends Apple and Microsoft. The Motley Fool recommends RH. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why 1 Fund Is Loading Up on RH Stock

Key Points
The recently announced November retail report showed that consumers continue to spend.
There were a number of strong categories in the report, which could help drive the stocks of companies in those areas.
Home furnishings and home improvement remain weak, which would stall the recent rallies these stocks have seen.
Retail and consumer stocks got some good news when the U.S. Census Bureau recently reported retail sales numbers for November. Retail sales grew 0.6% month over month and 3.1% year over year, while core retail sales, which exclude auto-related sales and gasoline, increased 0.4% month over month and 4.4% versus a year ago.
Let's look at some potential winners and losers from the report, starting with the winners.
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Amazon
Nonstore retailers, which include e-commerce companies like Amazon (NASDAQ: AMZN), saw their sales rise 7.2% in November. As the largest company in the e-commerce space, this likely bodes well for Amazon, with its recent sales momentum continuing.
On top of that, the company has been seeing growth in its sponsored ad business, as well as strong operating leverage in its retail operations due to efficiencies from its use of robots and artificial intelligence (AI). Throw in accelerating growth from its cloud computing unit, Amazon Web Services (AWS), and Amazon's stock looks well positioned to bounce back in 2026.
Nike and Dick's Sporting Goods
Two of the best performing categories in the November retail report were sporting goods stores, which saw a 7.8% increase in November sales. Clothing stores were up 7.5%. Combine that with strong insider buying at the company in late December, and that could be a good sign that Nike's (NYSE: NKE) turnaround is starting to take hold.
On the inside buying front, CEO Elliot Hill bought more than $1 million in shares, while Nike director and Apple CEO Tim Cook purchased nearly $3 million in Nike stock.
Nike has started to see sales turn around in North America and Europe this fiscal year, but it still needs to improve its business in China and recover lost gross margins caused by discounting and tariffs. However, its turnaround seems headed in the right direction.
Dick's Sporting Goods (NYSE: DKS) also looks like a solid potential winner from the November sales report. The company's core business has been solid, as it's leaned into more experiential experiences to draw in customers.
However, it's currently absorbing its recent acquisition of Foot Locker and working to improve that business by shuttering underperforming stores and clearing out stale inventory. The company has set a low bar with guidance, so the setup could be solid moving forward.
E.l.f Beauty
Another potential winner from the November retail report is e.l.f. Beauty (NYSE: ELF). Health and personal care stores, which include both pharmacies and beauty retailers, saw sales rise a robust 6.7% year over year in November. That bodes well for e.l.f. since its products are sold through both these outlets.
E.l.f.'s namesake brand has long been taking market share in this space, while it recently acquired Rhode, which had a strong debut at LVMH's Sephora stores in September. With mass cosmetic sales rebounding and a long runway of growth with Rhode, the setup for e.l.f. looks solid in 2026.
Toast
Another strong category from the November retail report was food services and drinking places, which saw their sales rise 4.9% year over year. This should benefit restaurant software-as-a-service (SaaS) provider Toast (NYSE: TOST), which also benefits from its customers' increasing sales through its payment processing solutions. The company is growing quickly by adding new locations, and rising restaurant sales should be another tailwind for the company.
Potential losers
While the November retail report was strong overall, not every category was a winner. Furniture stores and building material and garden supply dealers both saw negative sales growth, with sales down 1.4% and 2.8%, respectively.
This likely will continue to weigh on furniture sales of companies like RH (NYSE: RH), which is trying to navigate an expensive European expansion during a difficult home furnishings market.
RH stock is off to a blistering start in 2026 after the White House announced it was delaying some increased furniture tariffs until 2027, but the market remains difficult.
Meanwhile, Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) have both struggled with same-store sales growth the past few years. Both stocks have also had strong starts to 2026, but time will tell if that will continue, given the ongoing pressures in the industry.
Should you buy stock in Amazon right now?
Before you buy stock in Amazon, consider this:
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Geoffrey Seiler has positions in Amazon, LVMH Moët Hennessy-Louis Vuitton, Toast, and e.l.f. Beauty. The Motley Fool has positions in and recommends Amazon, Apple, Home Depot, Nike, Toast, and e.l.f. Beauty. The Motley Fool recommends Lowe's Companies and RH. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Retail Sales Climb: A Look at Some Potential Stock Winners and Losers

Berkshire Hathaway’s BRK.B Service and Retailing operations are a vital pillar of its long-term growth strategy, contributing significantly to revenues, earnings stability and diversification. Spanning service, retaining, Pilot and McLane, these businesses operate in cyclical yet essential sectors, providing dependable cash flows that help offset fluctuations in financial markets and insurance results.
Among these, the retail group includes Berkshire Hathaway Automotive, contributing about 69% to retail revenues. Others include furnishings businesses (Nebraska Furniture Mart, R.C. Willey, Star Furniture and Jordan’s), contributing about 17% to retail revenues, jewelry, confectionery, high-quality kitchen tools, party supplies, school supplies, toys and motorcycle accessories.
The retail sub-segment contributes approximately 13-21% to revenues and about 28-34% to earnings. Given a mixed bag, this sub-segment witnesses fluctuation in both earnings and revenues.
Scale and brand strength underpin strong retail performance. While furnishings businesses’ purchasing power enables competitive pricing, confectionery products deliver premium margins and pricing power. Supported by scale, operational autonomy and countercyclical demand, these businesses generate steady cash flows and long-term value.
At Berkshire, such consistency funds reinvestment and disciplined acquisitions, strengthening competitive advantages and positioning the Service and Retailing segment as a resilient, long-term compounding engine.
What About BRK.B Peers?
Williams-Sonoma’s WSM prospects are aided by an effective operating model, diversified brand portfolios, a robust e-commerce channel and global expansion efforts. Also, the launch of a new AI culinary and shopping companion, Olive, with AI integration across all brands, bodes well for Williams-Sonoma.
RH (RH) is redefining luxury retail by merging residential, retail and hospitality experiences. Its immersive design galleries, featuring courtyards, rooftop restaurants and interior design studios, create destinations that cannot be replicated online. RH’s international expansion is gaining traction. Also, RH’s strategy is to digitally reimagine the brand and business model both internally and externally.
BRK.B’s Price Performance
Shares of BRK.B have gained 12% in a year, outperforming the industry.
Image Source: Zacks Investment Research
BRK.B’s Expensive Valuation
BRK.B trades at a price-to-book value ratio of 1.54, above the industry average of 1.47. It carries a Value Score of C.
Image Source: Zacks Investment Research
No Estimate Movement for BRK.B
The Zacks Consensus Estimate for BRK.B’s fourth-quarter 2025 and first-quarter 2026 EPS witnessed no movement in the past seven days. The same holds true for 2025 and 2026 EPS estimates.
Image Source: Zacks Investment Research
The consensus estimates for BRK.B’s 2025 and 2026 revenues indicate year-over-year increases, while the same for 2025 and 2026 EPS indicate a decline.
BRK.B stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
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RH (RH) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

How Berkshire's Retail Arm Drives Its Service and Retailing Business

Key Points
Furniture retailers will benefit from Trump's decision to delay further increasing tariffs on imported furniture.
The housing market looks set for a modest rebound, which would drive higher spending on home furnishings.
A recovery in consumer discretionary spending would also be good for RH and Wayfair.
Two stocks surged Monday in the wake of President Donald Trump's latest tariff announcement, and both now may be positioned for a great 2026.
I'm talking about online home furnishings retailer Wayfair (NYSE: W) and luxury furniture retailer RH (NYSE: RH).
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On the last day of 2025, the White House announced it was delaying the previously announced tariff increases for upholstered furniture, kitchen cabinets, and vanities for another year.
In September, Trump announced 25% tariffs on furniture and cabinets, and said he would increase those taxes to 50% on cabinets and 30% on furniture this year. His reversal, delaying those tax hikes, was good news for furniture retailers, and investors expressed their enthusiasm Monday by sending Wayfair 6.5% higher and RH up 9.3%.
Rising consumer spending this year could help these stocks
With those higher tariffs on hold and consumer discretionary spending potentially poised for a boost this spring due to the higher expected tax refunds stemming from the "big, beautiful bill," stocks of retailers like Wayfair and RH could have more upside in 2026. The Tax Foundation estimates that legislation, which cut 2025's taxes retroactively, could reduce individual taxes by $144 billion and lift the average refund by between $300 and $1,000.
Due to intensifying concerns about higher prices, the stocks of Wayfair and RH went in different directions in 2025. The share price of upscale home furnishings chain RH (formerly known as Restoration Hardware) fell by about 50% during the year as consumers generally favored bargains over luxury goods. By contrast, shares of Wayfair, which sells discount furniture and has frequent sales and clearance events, soared by more than 130% during the year.
Both, however, rely heavily on imports -- and particularly imports from Asia -- to source their offerings. In general, Asian exporters dominate U.S. furniture imports.
Of course, much will also depend on the state of the U.S. housing market, which has been moribund in recent years due to higher mortgage rates, high prices, and limited supply. The two factors have combined to render a $300,000 home purchase unaffordable for the majority of U.S. households, while the median-priced new home was around $460,000 in 2025.
Things could change, however, in 2026. New home construction has picked up, leading to a growing supply of homes after several years of more limited inventory. And the Federal Reserve remains in easing mode, which should bring mortgage rates down, albeit gradually.
A delay on tariff hikes, coupled with rising affordability and some new life in the housing industry, could send shares of these two furniture retailers higher this year.
Should you buy stock in RH right now?
Before you buy stock in RH, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and RH wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $490,703!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,157,689!*
Now, it’s worth noting Stock Advisor’s total average return is 966% — a market-crushing outperformance compared to 194% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of January 6, 2026.
Matthew Benjamin has no position in any of the stocks mentioned. The Motley Fool recommends RH and Wayfair. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Trump's Latest Move on Tariffs Makes These 2 Stocks a Buy for 2026

Key Points
The Trump administration rolled out a delay for a scheduled tariff increase on certain furniture-related imports.
RH has been generating substantial free cash flow.
The company is leaning into its international expansion.
The furniture industry just got a bit of breathing room on the tariff front. On Dec. 31, the White House said it would delay a planned increase in tariff rates for upholstered furniture, kitchen cabinets, and vanities that was scheduled to take effect on Jan. 1, 2026, while leaving the current 25% tariff in place.
Shares of RH (NYSE: RH) and other furniture companies rose on the news. Tariff uncertainty has been one more weight on an already choppy backdrop for the luxury furniture specialist. The company has been up against "the worst housing market in almost 50 years," RH CEO Gary Friedman told investors in the company's third-quarter update.
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Despite the challenges it has faced, RH has returned to top-line growth and is reporting substantial free cash flow. In addition, it has been investing heavily in a global expansion it hopes will dramatically expand its addressable market.
Combining this positive news about tariffs with RH's recent business momentum and a stock that is still beaten down from previous highs, it's a good time to look at the stock.
Uncertainty is the real issue
Tariffs have been damaging to RH's business in more ways than one. Yes, they hurt margins. But the volatile tariff environment has also led to significant uncertainty for management and its customers. Putting the volatile environment into perspective, Friedman noted in the company's most recent quarterly update that there have been "16 different tariff announcements over the past 10 months that have resulted in significant resourcing, product delays, out of stocks, and driven multiple rounds of price negotiations and increases."
While the White House didn't eliminate tariffs, it did delay a big step-up in tariffs. This will not only save RH money, but it will also help it plan its marketing and sourcing with a little more confidence.
Meanwhile, the company has been doing its best to address tariff challenges head-on by shifting sourcing away from China and implementing other measures to reduce its exposure to tariffs.
Robust free cash flow
The best reason RH stock looks more interesting today, however, is not the tariff delay -- it is the company's recent cash generation.
Helped by 9% revenue growth in its most recent quarter, RH's third-quarter free cash flow came in at $83 million, bringing year-to-date free cash flow to $198 million. Management also reiterated a full-year free-cash-flow outlook of $250 million to $300 million. For a company with a market capitalization of $3.6 billion, this is substantial.
Not only does strong free cash flow during a difficult housing market highlight the resilience of RH's business, but it also suggests the company should have no problem paying down its debt in the coming years -- and it has a lot of it. RH ended the third quarter with net debt of about $2.4 billion.
International expansion
But strong free cash flow isn't the only reason to be upbeat about RH. The company's international expansion also looks promising.
The company opened RH England in 2023 and expanded to Paris in 2025. Even more, the company positioned these locations as more than stores -- they are immaculate, immersive brand statements designed to build awareness and drive demand for its nascent design services business. RH believes these stores will make a lasting statement about its brand and establish RH as a global brand.
The company has also laid out plans for additional European galleries, including openings in London and Milan in 2026.
Importantly, RH is telling investors to expect near-term financial drag from this strategy. In the third-quarter outlook, management said its guidance included roughly a 200-basis-point operating-margin impact from investments and start-up costs tied to international expansion.
But if RH succeeds in building a durable luxury brand overseas, today's stock price could look cheap in hindsight.
Is RH stock a buy?
Overall, shares look attractive at a valuation of 13 times the midpoint of management's full-year 2025 free cash flow guidance. But given the stock's debt levels and the unpredictable nature of both housing and furniture markets, investors should keep in mind that there are risks.
Additionally, it may make sense for investors who do buy shares to keep their positions small, given how volatile furniture sales have proven to be in recent years. While RH's sales could surge higher if the housing market picks back up, uncertainty in the housing market could also send luxury furniture sales sharply lower.
The tariff delay is undoubtedly a positive development for RH. It reduces tariff uncertainty and gives management more visibility. But the real reason to be excited about RH stock is its free cash flow and international expansion.
Should you buy stock in RH right now?
Before you buy stock in RH, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and RH wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $490,703!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,157,689!*
Now, it’s worth noting Stock Advisor’s total average return is 966% — a market-crushing outperformance compared to 194% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of January 3, 2026.
Daniel Sparks and his clients have no position in any of the stocks mentioned. The Motley Fool recommends RH. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Is RH Stock a Buy as Furniture Tariff Increases Get Delayed?

The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.19%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.66%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.17%. March E-mini S&P futures (ESH26) rose +0.17%, and March E-mini Nasdaq futures (NQH26) fell -0.19%.
Stock indexes settled mixed on Friday. The S&P 500 and Dow Jones Industrial Average recovered from 2-week lows and finished higher, driven by strength in chipmakers and AI-infrastructure stocks. However, stock gains were limited, and the Nasdaq 100 fell to a 2-week low amid weakness in megacap technology stocks. Also, weakness in cybersecurity stocks and insurance companies limited gains in the broader market. In addition, higher bond yields were a negative factor for stocks, as the 10-year T-note yield climbed to a 1.5-week high of 4.19% on Friday.
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Strength in European stocks on Friday provided carryover support to US equity markets after the Euro Stoxx 50 rallied to a new record high.
The US Dec S&P manufacturing PMI was kept unrevised at 51.8, right on expectations.
The markets are discounting the odds at 15% for a -25 bp rate cut at the FOMC’s next meeting on January 27-28.
Overseas stock markets settled higher on Friday. The Euro Stoxx 50 rallied to a new all-time high and closed up by +1.02%. China’s Shanghai Composite and Japan’s Nikkei Stock 225 are closed today for the New Year’s Day holidays.
Interest Rates
March 10-year T-notes (ZNH6) on Friday closed down -7.5 ticks. The 10-year T-note yield rose +2.0 bp to 4.187%. Mar T-notes fell to a 1.5-week low on Friday, and the 10-year T-note yield rose to a 1.5-week high of 4.195%. T-notes fell on Friday as inflation expectations rose, as the 10-year breakeven inflation rate climbed to a 2.5-week high of 2.264%. Also, negative carryover from a slide in 10-year European government bond prices to 1.5-week lows on Friday weighed on T-notes.
European government bond yields moved higher on Friday. The 10-year German bund yield rose to a 1.5-week high of 2.910% and finished up +4.5 bp to 2.900%. The 10-year UK gilt climbed to a 1.5-week high of 4.537% and finished up +5.8 bp on that high.
The Eurozone Dec S&P manufacturing PMI was revised downward by -0.4 to 48.4 from the previously reported 49.2.
The Eurozone Nov M3 money supply rose +3.0% y/y, stronger than expectations of +2.7% y/y and the highest in four months.
The UK Dec S&P manufacturing PMI was revised downward by -0.6 to 50.6 from the previously reported 51.2.
Swaps are discounting a 1% chance of a +25 bp rate hike by the ECB at its next policy meeting on February 5.
US Stock Movers
Chip makers and AI-infrastructure stocks moved higher on Friday to support gains in the overall market. Sandisk (SNDK) closed up more than +15% to lead gainers in the S&P 500, and Micron Technology (MU) closed up more than +10% to lead gainers in the Nasdaq 100. Also, ASML Holding NV (ASML) closed up more than +8% after Alethia Capital double-upgraded the stock to buy from sell with a price target of $1,500. In addition, Lam Research (LRCX) closed up more than +8%, and Intel (INTC) closed up more than +6%. Finally, Marvell Technology (MRVL) closed up more than +5%, and Western Digital (WDC), ARM Holdings Plc (ARM), Applied Materials (AMAT), KLA Corp (KLAC), Advanced Micro Devices (AMD), and Seagate Technology Holdings (STX) closed up more than +4%.
Cryptocurrency-exposed stocks rallied on Friday as Bitcoin (^BTCUSD) rose more than +1%. Riot Platforms (RIOT) closed up more than +11%, and Mara Holdings (MARA) and Galaxy Digital Holdings (GLXY) closed up more than +10%. Also, Coinbase Global (COIN) closed up more than +4%, and Strategy (MSTR) closed up more than +3%.
The Magnificent Seven stocks gave up early gains on Friday and turned lower, weighing on the broader market. Tesla (TSLA) closed down more than -2% after reporting Q4 vehicle deliveries of 418,227, weaker than the consensus of 440,907. Also, Microsoft (MSFT) closed down more than -2%, and Amazon.com (AMZN) and Meta Platforms (META) closed down more than -1%. In addition, Apple (AAPL) closed down -0.34%. However, Nvidia (NVDA) bucked the trend and closed up more than +1%, and Alphabet (GOOGL) closed up +0.69%.
Cybersecurity stocks fell on Friday, weighing on the Nasdaq 100. Atlassian (TEAM) closed down more than -4%, and CrowdStrike Holdings (CRWD) closed down more than -3%. Also, Palo Alto Networks (PANW) closed down more than -2%, and Zscaler (ZS) and Fortinet (FTNT) closed down more than -1%.
Insurance stocks were under pressure on Friday. Progressive (PGR) closed down more than -6%, and Erie Indemnity (ERIE) closed down more than -3%. Also, Allstate (ALL) closed down more than -2%, and American International Group (AIG) and Travelers (TRV) closed down more than -1%.
Sable Offshore (SOC) closed up more than +30% after a federal appeals court said the company can restart its California pipeline and can begin pumping oil from its three platforms off the coast of Santa Barbara, California.
RH (RH) closed up more than +8%, and Wayfair (W) closed up more than +6% after President Trump delayed tariff increases on upholstered furniture until next year.
Vertiv Holdings (VRT) closed up more than +8% after Barclays upgraded the stock to overweight from equal weight with a price target of $200.
Earnings Reports(1/5/2026)
None.
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Mixed on Strength in Chip Makers and Weakness in Megacap Tech

Key Points
The Trump Administration delayed new tariff increases on certain furniture items that were supposed to go into effect January 1.
Still, the initial industry-specific rates imposed in September will remain.
The furniture industry has sustained multiple headwinds over the past four years, with RH stock still down 76% from its highs.
Shares of luxury furniture-maker RH (NYSE: RH) were up strongly to start 2026, rising 9.6% as of 2:52 p.m. EDT.
RH rallied along with its furniture sector peers on news that the Trump Administration's harsh furniture tariffs, initially announced back in September, wouldn't increase as expected until 2027, amounting to a one-year delay.
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Trump listens to U.S. furniture-makers
In September, the Trump administration imposed a 25% tariff on imported upholstered furniture, kitchen cabinets, and vanities. Moreover, the tariff rate on upholstered furniture was set to rise to 30%, and the tariff rate on cabinets and vanities was set to rise to 50% on January 1. However, President Trump signed an executive order just before the new year, delaying those increases until 2027, citing progress on trade talks as the reason.
While the Administration's stated objective was to revive North Carolina's furniture manufacturing industry, RH CEO Gary Friedman has noted on the company's previous earnings calls that the tariffs could have severe negative consequences for smaller furniture-makers. RH also lowered its operating margin guidance for the year on its lastearnings call citing a 90-basis-point impact from tariffs.
Friedman said on the call, "Tariffs are disrupting supply chains and driving higher prices. There have been 16 different tariff announcements over the past 10 months that have resulted in significant resourcing product delays, out-of-stocks, and driven multiple rounds of price negotiations and increases."
Therefore, the fact that tariffs won't be rising yet again to start the year took some pressure off the company, leading to today's stock rise.
RH: A turnaround candidate?
RH was plagued by the tremendous housing market downturn that began after the pandemic, as the company's sales are generally tied to people buying a new house and furnishing it. Furthermore, management took on substantial debt to repurchase stock over the past two years, a move that appears to have been ill-timed and premature, given the continued weakness of the housing market. Then, RH got hit with this year's tariffs.
The toxic combination has left RH's stock down 76% from its pandemic-era highs. But that also means the stock could be a turnaround candidate if these headwinds begin to clear up. That's why the stock made such a big move today, on the mere delay of expected tariff increases.
Should you buy stock in RH right now?
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Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool recommends RH. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why RH Rallied To Start The New Year

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alphabet Inc (Symbol: GOOG), where a total of 224,957 contracts have traded so far, representing approximately 22.5 million underlying shares. That amounts to about 115.7% of GOOG's average daily trading volume over the past month of 19.4 million shares. Especially high volume was seen for the $315 strike call option expiring January 02, 2026, with 16,039 contracts trading so far today, representing approximately 1.6 million underlying shares of GOOG. Below is a chart showing GOOG's trailing twelve month trading history, with the $315 strike highlighted in orange:
MongoDB Inc (Symbol: MDB) saw options trading volume of 14,916 contracts, representing approximately 1.5 million underlying shares or approximately 99.9% of MDB's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $350 strike put option expiring January 02, 2026, with 1,363 contracts trading so far today, representing approximately 136,300 underlying shares of MDB. Below is a chart showing MDB's trailing twelve month trading history, with the $350 strike highlighted in orange:
And RH (Symbol: RH) saw options trading volume of 9,535 contracts, representing approximately 953,500 underlying shares or approximately 84% of RH's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $230 strike call option expiring August 21, 2026, with 570 contracts trading so far today, representing approximately 57,000 underlying shares of RH. Below is a chart showing RH's trailing twelve month trading history, with the $230 strike highlighted in orange:
For the various different available expirations for GOOG options, MDB options, or RH options, visit StockOptionsChannel.com.
Also see:
Top Stocks Held By Carl Icahn
SCID shares outstanding history
BET Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Friday Option Activity: GOOG, MDB, RH

The S&P 500 Index ($SPX) (SPY) today is down -0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.28%. March E-mini S&P futures (ESH26) are down -0.04%, and March E-mini Nasdaq futures (NQH26) are down -0.28%.
Stock indexes gave up early gains today and turned lower on weakness in megacap technology stocks. Higher bond yields are a negative factor for stocks as the 10-year T-note yield climbed to a 1.5-week high today at 4.19%. In addition, weakness in insurance stocks is a drag on the overall market.
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The strength in chip makers, megacap technology stocks, and AI-infrastructure companies is a supportive factor for stocks. Also, strength in European stocks today is providing carryover support to US equity markets after the Euro Stoxx 50 rallied to a new record high.
The US Dec S&P manufacturing PMI was kept unrevised at 51.8, right on expectations.
The markets are discounting the odds at 15% for a -25 bp rate cut at the FOMC’s next meeting on January 27-28.
Overseas stock markets are higher today. The Euro Stoxx 50 rallied to a new all-time high and is up by +0.77%. China’s Shanghai Composite and Japan’s Nikkei Stock 225 are closed today for the New Year’s Day holidays.
Interest Rates
March 10-year T-notes (ZNH6) are down -4 ticks. The 10-year T-note yield is up +2.6 bp to 4.181%. Mar T-notes fell to a 1.5-week low today, and the 10-year T-note yield rose to a 1.5-week high of 4.191%. T-notes are modestly lower today as stock market strength has reduced safe-haven demand for government debt securities. Also, rising inflation expectations are weighing on T-notes as the 10-year breakeven inflation rate rose to a 2.5-week high today at 2.262%.
European government bond yields are moving higher today. The 10-year German bund yield rose to a 1.5-week high of 2.910% and is up +3.6 bp to 2.890%. The 10-year UK gilt climbed to a 1.5-week high of 4.530% and is up +4.3 bp to 4.521%.
The Eurozone Dec S&P manufacturing PMI was revised downward by -0.4 to 48.4 from the previously reported 49.2.
The Eurozone Nov M3 money supply rose +3.0% y/y, stronger than expectations of +2.7% y/y and the highest in four months.
The UK Dec S&P manufacturing PMI was revised downward by -0.6 to 50.6 from the previously reported 51.2.
Swaps are discounting a 1% chance of a +25 bp rate hike by the ECB at its next policy meeting on February 5.
US Stock Movers
The Magnificent Seven stocks gave up early gains today and turned lower, weighing on the broader market. Microsoft (MSFT), Amazon.com (AMZN), and Meta Platforms (META) are down more than -2%. Also, Tesla (TSLA) is down more than -1% after reporting Q4 vehicle deliveries of 418,227, weaker than the consensus of 440,907. In addition, Alphabet (GOOGL) is down -0.60% and Apple (AAPL) is down -0.50%.
Chip makers and AI-infrastructure stocks are moving higher today to lead the overall market higher. Sandisk (SNDK) is up more than +12% to lead gainers in the S&P 500, and ASML Holding NV (ASML) is up more than +8% to lead gainers in the Nasdaq 100 after Alethia Capital double-upgraded the stock to buy from sell with a price target of $1,500. Also, Micron Technology (MU) is up more than +7%, and Lam Research (LRCX), Western Digital (WDC), and Intel (INTC) are up more than +6%. In addition, ARM Holdings Plc (ARM) is up more than +5%, and Applied Materials (AMAT), KLA Corp (KLAC), Advanced Micro Devices (AMD), Marvell Technology (MRVL), and Seagate Technology Holdings (STX) are up more than +4%. Finally, Broadcom (AVGO) is up more than +3%.
Cryptocurrency-exposed stocks are climbing today with Bitcoin (^BTCUSD) up more than +1%. Riot Platforms (RIOT) is up more than +9% and Mara Holdings (MARA) is up more than +8%. Also, Galaxy Digital Holdings (GLXY) is up more than +7% and Strategy (MSTR) and Coinbase Global (COIN) are up more than +2%.
Insurance stocks are under pressure today. Progressive (PGR) is down more than -7% to lead losers in the S&P 500. Also, Erie Indemnity (ERIE) is down more than -3%, and Allstate (ALL), American International Group (AIG), Hartford International Group (HIG), and Travelers (TRV) are down more than -1%.
Sable Offshore (SOC) is up more than +17% after a federal appeals court said the company can restart its California pipeline and can begin pumping oil from its three platforms off the coast of Santa Barbara, California.
RH (RH) is up more than +6%, and Wayfair (W) is up more than +5% after President Trump delayed tariff increases on upholstered furniture until next year.
Vertiv Holdings (VRT) is up more than +8% after Barclays upgraded the stock to overweight from equal weight with a price target of $200.
Earnings Reports(1/2/2026)
Lifecore Biomedical (LFCR).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Give Up Early Gains as Megacap Tech Shares Fall

The S&P 500 Index ($SPX) (SPY) today is up +0.62%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.16%. March E-mini S&P futures (ESH26) are up +0.59%, and March E-mini Nasdaq futures (NQH26) are up +1.14%.
Stock indexes are moving higher today, led by strength in chip makers, megacap technology stocks, and AI-infrastructure companies. Also, strength in European stocks today is providing carryover support to US equity markets after the Euro Stoxx 50 rallied to a new record high.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Higher bond yields are a negative factor for stocks as the 10-year T-note yield climbed to a 1.5-week high today at 4.19%.
The US Dec S&P manufacturing PMI was kept unrevised at 51.8, right on expectations.
The markets are discounting the odds at 15% for a -25 bp rate cut at the FOMC’s next meeting on January 27-28.
Overseas stock markets are higher today. The Euro Stoxx 50 rallied to a new all-time high and is up by +0.99%. China’s Shanghai Composite and Japan’s Nikkei Stock 225 are closed today for the New Year’s Day holidays.
Interest Rates
March 10-year T-notes (ZNH6) are down -2 ticks. The 10-year T-note yield is up +0.8 bp to 4.163%. Mar T-notes fell to a 1.5-week low today, and the 10-year T-note yield rose to a 1.5-week high of 4.191%. T-notes are modestly lower today as stock market strength has reduced safe-haven demand for government debt securities. Also, rising inflation expectations are weighing on T-notes as the 10-year breakeven inflation rate rose to a 2.5-week high today at 2.259%.
European government bond yields are moving higher today. The 10-year German bund yield rose to a 1.5-week high of 2.910% and is up +3.0 bp to 2.885%. The 10-year UK gilt climbed to a 1.5-week high of 4.530% and is up +3.2 bp to 4.511%.
The Eurozone Dec S&P manufacturing PMI was revised downward by -0.4 to 48.4 from the previously reported 49.2.
The Eurozone Nov M3 money supply rose +3.0% y/y, stronger than expectations of +2.7% y/y and the highest in four months.
The UK Dec S&P manufacturing PMI was revised downward by -0.6 to 50.6 from the previously reported 51.2.
Swaps are discounting a 1% chance of a +25 bp rate hike by the ECB at its next policy meeting on February 5.
US Stock Movers
Chip makers and AI-infrastructure stocks are moving higher today to lead the overall market higher. Sandisk (SNDK) is up more than +8% to lead gainers in the S&P 500, and ASML Holding NV (ASML) is up more than +7% to lead gainers in the Nasdaq 100 after Alethia Capital double-upgraded the stock to buy from sell with a price target of $1,500. Also, Micron Technology (MU) is up more than +7%, and Lam Research (LRCX) is up more than +6%. In addition, Applied Materials (AMAT), ARM Holdings Plc (ARM), KLA Corp (KLAC), Advanced Micro Devices (AMD), and Intel (INTC) are up more than +4%, and Western Digital (WDC), Marvell Technology (MRVL), Seagate Technology Holdings (STX), and Broadcom (AVGO) are up more than +3%.
The Magnificent Seven stocks are climbing today, helping lift the broader market. Nvidia (NVDA) and Alphabet (GOOGL) are up more than +2%, and Amazon.com (AMZN) and Apple (AAPL) are up more than +1%. Also, Tesla (TSLA) is up +0.31%. Bucking the trend, Microsoft (MSFT) is down -0.67% and Meta Platforms (META) is down -0.57%.
Insurance stocks are under pressure today. Progressive (PGR) is down more than -7% to lead losers in the S&P 500. Also, Erie Indemnity (ERIE) is down more than -2%, and Allstate (ALL), Hartford Insurance Group (HIG), Arthur J. Gallagher & Co. (AJG), and Travelers (TRV) are down more than -1%.
Sable Offshore (SOC) is up more than +18% after a federal appeals court said the company can restart its California pipeline and can begin pumping oil from its three platforms off the coast of Santa Barbara, California.
RH (RH) is up more than +7%, and Wayfair (W) is up more than +5% after President Trump delayed tariff increases on upholstered furniture until next year.
Vertiv Holdings (VRT) is up more than +7% after Barclays upgraded the stock to overweight from equal weight with a price target of $200.
Earnings Reports(1/2/2026)
Lifecore Biomedical (LFCR).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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