RH Down 40% Post-Tariffs, TJX & ROST Upgrade, BBY Downgrade

RH is down an astounding 40% after President Trump's tariff announcement rocked Wednesday's earnings call. Diane King Hall points out that its miss on the top and bottom lines, mixed with lackluster guidance, did no favors for the stock. Best Buy (BBY) got a downgrade from Citi as it cites tariff headwinds against the tech retailer. However, the firm upgraded TJX Companies (TJX) and Ross Stores (ROST) because it sees tariff tailwinds.

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