Chewy: Accelerating Growth, Rising Margins (Upgrade)

Market Environment - The current stock market is characterized by stretched valuations and a heightened sensitivity among investors to negative headlines [1] - There is a recommendation to shift investment focus from large-cap tech stocks to small- and mid-cap companies [1] Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley [1] - He has been an outside adviser to several seed-round startups, providing insights into industry trends [1] - Alexander has been a contributor to Seeking Alpha since 2017 and has been quoted in various web publications [1]