Chewy (CHWY) continues to explore avenues to efficiently return cash to shareholders while bolstering its market position in the pet care industry.
When a stock is trading on sale, it's important to understand why. Despite its post-pandemic slump, the long-term picture remains bright for Pfizer.
People spend money on their pets in both good and bad economic times, while the gig economy represents a significant, evolving addressable market opportunity. Chewy is expanding into vet clinics, while its flagship business continues to bring in generous profits and sales.
Chewy (CHWY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CHWY's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Buying a stock is one way to expose capital to a potential upside in a company's trajectory. Owning a stock opens the way for a one-for-one plan, as the investment will only move up or down in lockstep with each point the stock moves up or down.
Chewy should continue building upon its newfound profitability with five higher-margin opportunities. The company's move to start building veterinarian clinics could round out a robust pet healthcare business.
CHWY, SKX, EAT and GPRK are four stocks with explosive relative price strength.
Short-sellers seem to be losing their confidence in betting against Chewy. The company's newfound profitability has ample opportunity to keep going higher.
Chewy (CHWY) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Fundamentally, the narrative of pet care stocks to buy comes down to simple demand. Irrespective of consumer headwinds – and there are a lot of them – Americans continue to open their wallets for their pets.
Chewy (NYSE: CHWY) stock price has had a tumultuous stay as a publicly traded company. Its stock surged from below $30 before the Covid-19 pandemic and reached a record high of $120 in 2021 as demand for e-commerce surged.
Schaeffer's 2024 Top Pick Chewy Inc (NYSE:CHWY) is 13.5% higher to trade at $25.92 at last check, earlier as high as $27.08, and on track for its highest close of 2024.