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Recession-Resistant Retail: 3 Stocks to Weather the Economic Storm
InvestorPlace· 2024-05-09 19:30
Economists are divided on the question of when, or if, a recession will occur. Some even support the argument that we’ve been in a rolling recession. Whatever your thoughts on the matter, the fact that a potential recession is still being discussed should put you on the hunt for recession-proof retail stocks.  Of course, the retail sector has been under pressure for well over a year. However, it’s only been in the last two quarters that many retailers are acknowledging consumer pullback. Still, shifting con ...
Wall Street Analysts Think Chewy (CHWY) Is a Good Investment: Is It?
Zacks Investment Research· 2024-05-09 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Chewy (CHWY) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Chewy currently has an average brokerage reco ...
Chewy (CHWY) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-04-29 22:56
In the latest trading session, Chewy (CHWY) closed at $15.77, marking a -0.44% move from the previous day. This change lagged the S&P 500's daily gain of 0.32%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.35%.The the stock of online pet store has fallen by 0.44% in the past month, leading the Consumer Staples sector's loss of 0.5% and the S&P 500's loss of 2%.The upcoming earnings release of Chewy will be of great interest to investors. In that report, analysts expect Chewy ...
Is Trending Stock Chewy (CHWY) a Buy Now?
Zacks Investment Research· 2024-04-25 14:05
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 -3.6% over the past month versus the Zacks S&P 500 composite's -3% change. The Zacks Consumer Products - Staples industry, to which Chewy belongs, has lost 2.1% over this period. Now the key question is: Where could the stock be headed in the near term?Although media report ...
Chewy (CHWY) Stock Drops Despite Market Gains: Important Facts to Note
Zacks Investment Research· 2024-04-23 22:51
The most recent trading session ended with Chewy (CHWY) standing at $15.61, reflecting a -0.61% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 1.2% for the day. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 1.59%.Coming into today, shares of the online pet store had gained 1.82% in the past month. In that same time, the Consumer Staples sector lost 1.51%, while the S&P 500 lost 4.16%.Inve ...
Chewy (CHWY) Is Considered a Good Investment by Brokers: Is That True?
Zacks Investment Research· 2024-04-23 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Chewy (CHWY) .Chewy currently has an average brokerage recommenda ...
Pet Health Redefined As Chewy Opens Personalized Vet Care Clinics
Forbes· 2024-04-18 19:58
The first Chewy Vet Care practice had its ribbon-cutting ceremony in Plantation, Florida near its ... [+] headquarters.Courtesy of Chewy Chewy Vet Care is poised to elevate the pet health experience for people, pets, and vets with the opening of its newly designed and developed pet clinics. “We want the clinics to manifest the same Chewy magic that has become synonymous with our brand,” said Mita Malhotra, President of Chewy Health. The inspiration for the design of the vet care clinics comes from insights ...
Chewy (CHWY) Laps the Stock Market: Here's Why
Zacks Investment Research· 2024-04-16 22:56
Chewy (CHWY) closed the most recent trading day at $16.60, moving +0.18% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.03%. Meanwhile, the Dow experienced a rise of 0.41%, and the technology-dominated Nasdaq saw an increase of 0.12%.Coming into today, shares of the online pet store had lost 1.6% in the past month. In that same time, the Consumer Staples sector lost 4.27%, while the S&P 500 lost 0.9%.The upcoming earnings release of Chewy will be of great interest to inv ...
Is Chewy (CHWY) Stock a Solid Choice Right Now?
Zacks Investment Research· 2024-04-12 13:50
One stock that might be an intriguing choice for investors right now is Chewy, Inc. (CHWY) . This is because this security in the Consumer Products – Staples space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Con ...
Chewy (CHWY) Surges 6.6%: Is This an Indication of Further Gains?
Zacks Investment Research· 2024-04-12 12:21
Chewy (CHWY) shares rallied 6.6% in the last trading session to close at $18.54. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.3% loss over the past four weeks.Chewy’s shares have been gaining momentum in the market due to its resilience in the pet industry. Chewy's Autoship-subscription program has been a game changer in pet retail industry. By offering customers the convenience of regularly scheduled de ...