JUMP REPORT
| Avg Daily Volume: 2,625,921 Market Cap: 14.41B Sector: None Short Interest: 26.06 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.17/share REV: 1,350/M
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LAST QTR: EPS: -.16/share ACTUAL: -.20/share (MISS)
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NEXT QTR: EPS: -.13/share REV: 1,430/M
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FULL YR: EPS: -.65/share REV: 4,840/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: — % OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 7.81, -9.48, -7.81
EXPECTED JUMP MOVE: 8-10
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Wedbush analyst Seth Basham raised his rating on the pet-products retailer to Outperform from Neutral, lifting his target for the stock price.
Two growth stocks, Chewy (NYSE: CHWY) and Coty (NYSE: COTY), still have solid long-term prospects. With the pandemic forcing people to stay home, they adopted pets, helping supercharge Chewy’s 2020 sales growth. While it’s hard to replicate that kind of growth, Chewy continues to increase sales at a nice clip as people remain committed to caring for their pets.
Wedbush analyst Seth Basham upgraded Chewy Inc (NYSE: CHWY) from Neutral to Outperform and raised the price target to $35 (8% upside) from $30. The analyst cites favorable pet category dynamics, bottoming e-commerce trends, attractive valuation, and better risk-reward as the reasons for the upgrade. While Seth expects discretionary goods spending pressure to continue in the near-to-medium term, hardgoods sales comprise a comparatively small amount of Chewy’s sales mix. The analyst expects gross
Shares of Chewy Inc. ran up 5.0% in premarket trading Tuesday, after Wedbush analyst Seth Basham recommended investors buy, citing a more favorable risk-versus-reward profile following the sharp selloff this year. The online pet products seller was upgraded to outperform from neutral, and the stock price target was raised to $35 from $30, with Basham citing “relatively favorable” pet category dynamics, “bottoming” ecommerce trends and “attractive” valuation. The stock had plummeted 51.3% year to
Last year, the U.S. government introduced a massive $1.9 trillion in infrastructure spending to markets. The government wanted to jump-start the economy as it emerged from the Covid pandemic lock-down. Demand shifted away from stay-at-home stocks. People went out more often and traveled more. This sparked a surge in oil prices. First characterizing inflation as transitory, the Federal Reserve realized its monetary policy mistake. It started a modestly aggressive interest rate hike cycle. 7 Retir
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