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Best Growth Stocks to Buy for August 9th
ZACKS· 2024-08-09 14:25
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 9th: Pilgrim's Pride (PPC) : This company which is engaged in the processing, production, marketing and distribution of frozen, fresh as well as value-added chicken products, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 27.1% over the last 60 days. Pilgrim's Pride's has a PEG ratio of 0.22 compared with 0.48 for the indu ...
Why Chewy Stock Dropped 11% Last Month
The Motley Fool· 2024-08-08 14:09
Investors aren't sure how to feel about this stock right now. Shares of pet e-commerce company Chewy (CHWY 1.40%) dropped 11.2% during July, according to data provided by S&P Global Market Intelligence. The stock was actually down closer to 12% in the first days of July. It then bounced all the way back before finally sliding back down to its 11% drop for the month -- it was a bumpy ride. Some of the volatility for Chewy stock in July is attributable to meme-stock traders -- investors excited by other inves ...
Chewy Is Unlocking Operating Leverage
Seeking Alpha· 2024-08-08 07:31
mgstudyo/E+ via Getty Images Chewy (NYSE: CHWY) stock has been in treuble since the beginning of 2021. After falling more than 75%, the company is finally producing real cash flows and finding operatin VAL 22.83 Chewy Inc (CHWY) Price 120.00 80.00 40.00 22.83 0.00 2020 2021 2022 2023 2024 Seeking AlphaX Aug 6, 2024, 10:15 PM EDT Powered by YC H A R TS Data by Y Charts What has happened with CHWY? Chewy is one of what I call a classic pandemic stock. These are, in my opinion, companies that acquired some imp ...
Best Growth Stocks to Buy for August 7th
ZACKS· 2024-08-07 14:12
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 7th: Chewy (CHWY) : This company which operates as an online pet retailer, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days. Chewy's has a PEG ratio of 0.80 compared with 2.07 for the industry. The company possesses a Growth Score of A. Daktronics (DAKT) : This company which has strong leadership p ...
The Top 7 Retail Stocks to Buy Now: Summer 2024
Investor Place· 2024-08-03 10:52
Retail sales are a closely watched economic indicator every month. For the last year, the monthly and year-overyear (YOY) numbers have been weak at best. But there's a bigger problem. The headline number doesn't tell the full story of what ails retail stocks. When adjusted for inflation, the retail sales numbers are negative. But you're a consumer as much as an investor, and you know it's true. Consumers started to reject price increases some time ago. Now, they're starting to shut their wallets altogether. ...
Chewy (CHWY) Is a Trending Stock: Facts to Know Before Betting on It
ZACKS· 2024-08-01 14:00
Chewy (CHWY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this online pet store have returned +0.3% over the past month versus the Zacks S&P 500 composite's +1.1% change. The Zacks Internet - Commerce industry, to which Chewy belongs, has lost 1.9% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or ...
Chewy (CHWY) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-07-30 22:51
In the latest market close, Chewy (CHWY) reached $24.81, with a +1.72% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.5%. At the same time, the Dow added 0.5%, and the techheavy Nasdaq lost 1.28%. Prior to today's trading, shares of the online pet store had lost 4.13% over the past month. This has lagged the Retail-Wholesale sector's loss of 1.37% and the S&P 500's gain of 0.1% in that time. The investment community will be closely monitoring the performance of Chewy ...
Take the Zacks Approach to Beat the Markets: Chewy, Pitney Bowes, 3M in Focus
ZACKS· 2024-07-29 12:20
Since 2004, the Focus List portfolio has produced an annualized return of +11.91% (through March 31, 2024). This compares to a +10.25% annualized return for the S&P 500 index in the same time period. In 2023, the portfolio returned +12.17% vs. +26.28% for the S&P 500 index. The portfolio returned -4.7% in 2022 vs. the S&P 500 index's -17.96%. Another stock, Surmodics, Inc. (SRDX) , which was upgraded to a Zacks Rank #1 on May 20, has returned 19.7% (versus the S&P 500's 2.9% increase) since then. This hypot ...
2 Unstoppable Growth Stocks to Buy Right Now for Less Than $500
The Motley Fool· 2024-07-27 12:45
While some growth stocks are getting more love from investors than others, great businesses can persist through all market cycles. As summer is in full swing, you might be considering what stocks you want to add to your portfolio in the near future. Even with a more modest amount of investment capital, like $500, you can adhere to investment strategies like dollar-cost averaging to compound your holdings with time. If you have cash to put into stocks right now, money that you won't soon need for bills or ot ...
More Than a Meme Stock? Chewy's Strong Fundamentals and Buybacks Signal Upside Potential.
Investor Place· 2024-07-26 10:10
The summer of 2024 will be known for many things. Among them is the return to social media of meme lord Keith Gill, also known as Roaring Kitty. At the end of the day, there's no guarantee of a Chewy stock short squeeze. Moreover, it's better to think for yourself than to follow meme-stock celebrities in hopes of quick gains. Consequently, Chewy can reduce the supply of Chewy shares, which could make each share more valuable in the long run. Chewy Stock: Choose Facts Over Fanfare On the date of publication, ...