Happy Tuesday. After another bad start to the trading day, stocks finished out the day on stronger footing, thanks to commitments that the U.S. would escort oil tankers through the Strait of Hormuz, a key passing for global oil supplies, amid the precarious incursion in Iran. The Cboe Volatility Index, sometimes called Wall Street's "Fear Barometer" fell from four-month highs of 28 to a more seasonable 22. Bets on $100 oil and $4 gas were paled back.
On Holding ($ONON) reported its earnings Tuesday morning, flaunting record sales, stronger profitability, and evidence that the company still has pep in its step. Since it came to markets during the pandemic, the Swiss footwear company has changed a lot, commanding a premium valuation on the market thanks to its rapid growth and expansion into new markets and categories.
TheStreet sat down with On Holding Co-CEO Martin Hoffmann to talk about the company's latest results, the power of its brand, and how it's focusing new technology and innovation in the premium consumer market.
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