The retail sector is staging a solid comeback as inflationary pressures ease. The sector struggled for months, crippled by sky-high inflation and higher borrowing costs. The jump in August retail sales proves that the U.S. economy is on solid ground. The retail sector is expected to get a further boost as the Fed gears up to announce its rate cut today, the first since March 2020. Given this scenario, investing in retail stocks would be a prudent choice. We have narrowed our search to four retail stocks suc ...

Why Chewy's stock is a must-buy. This year has been a rollercoaster ride for Chewy (CHWY -1.84%). The stock started the year on a downward trajectory after management said that pet industry spending for 2024 would be lower than historical levels. The stock then got a lift in late May when it reported solid first-quarter sales results. Later in the summer, the stock shot higher when Keith Gill, aka Roaring Kitty on the Wallstreetbets message boards of Reddit, posted a photo of a cartoon dog on his X (formerl ...

Chalabala/iStock via Getty Images Chewy (NYSE: CHWY) reported better than expected earnings for the second fiscal quarter at the end of August that went hand in hand with strong EBBTDA margins and a favorable customer monetization trend. Shares of Chevy have also revalued sharply higher in FY 2024 as the company's business fundamentals are improving and a meme investor took a position in the pet supply o-Commerce platform. I believe the value proposition is still attractive here for long term investors, des ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

These beaten-down stocks could deliver excellent returns to investors. While tech-related stocks have helped the S&P 500 index to new highs this year, investors have a chance to scoop up attractive deals in the retail sector. Several top retail stocks are trading well off their highs, and Wall Street analysts are starting to see buying opportunities. Let's look at two beaten-down consumer brands that could be undervalued and due for a major comeback, according to these analysts. 1. Chewy Chewy (CHWY 1.66%) ...

Wall Street is lining up behind the pet stock. Shares of Chewy (CHWY 2.31%) were gaining this week after several Wall Street analysts issued bullish notes on the pet-centric e-commerce stock. The round of favorable analyst attention comes after the company delivered a better-than-expected secondquarter earnings report the previous week. According to data from S&P Global Market Intelligence, the news helped drive the stock up 16.6% as of the close on Thursday. Chewy stock is looking up again Chewy, and the p ...

Chewy Inc. (CHWY) has been riding a wave of momentum, posting a 22.5% gain in the past month. Investors are excited, wondering if the pet e-commerce giant has more room to grow. With Chewy's stock already performing well in the broader market, the key question remains — should you buy more, hold tight or consider cashing out while the momentum lasts? The stock has comfortably outpaced the industry's modest rise of 5%. Chewy's unmatched scale and operational capabilities have also helped it outperform the Re ...

From a technical perspective, Chewy (CHWY) is looking like an interesting pick, as it just reached a key level of support. CHWY recently overtook the 20-day moving average, and this suggests a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. Simila ...

It's an analyst favorite for a clutch of reasons. Next-generation pet supplies specialist Chewy (CHWY 6.03%) was quite the flavorful stock to own on Tuesday. While there wasn't any fresh news of consequence from the company itself, a new research note from a bullish analyst helped propel the shares higher. They closed the day up 6% in price, easily beating the 0.5% increase of the S&P 500 index. Reiterating a solid buy recommendation That analyst was Alexandra Steiger of white-shoe investment bank Goldman S ...

Investors interested in Internet - Commerce stocks are likely familiar with Chewy (CHWY) and MercadoLibre (MELI) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimat ...