The advent of e-commerce didn't readily favor most brick-and-mortar retailers in existence at the time. Rather, companies built from the ground up to serve the online slice of the market are performing better than their brick-and-mortar peers.
There's a lot of significance behind the timely return of investing influencer Keith Gill, who is best known by his YouTube and X persona, “Roaring Kitty.” Gill was a driving force behind the 2021 meme stock frenzy that saw GameStop's stock briefly soar 4,000% in a now infamous short squeeze.
Chewy (CHWY) has established itself as a formidable player in the online pet retail market, and recent performance metrics suggest that the company is well-positioned for long-term growth.
Chewy (NYSE: CHWY ) has recently become what some would consider to be a meme stock. On June 24, influential investor Keith Gill, also known as Roaring Kitty, disclosed the purchase of 9 million shares, valued at roughly $245 million.
Chewy (CHWY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
And check in on the Six Flags/Cedar Fair merger that's now complete.
Growth stocks led gains in the first half, but certain growth players that were left behind may make interesting buys today. It's important to consider each company's earnings momentum and long-term prospects.
Keith Gill, aka Roaring Kitty, recently bought 6.6% of Chewy's outstanding shares. The online pet retailer is recovering from a post-pandemic hangover, but it has several growth opportunities.
We also chat with William Cohan from Puck about what's going on with Paramount Global.
Chewy (CHWY), Edgewell (EPC) and Arko (ARKO) are three consumer staples stocks that should do well in the coming months as inflation subsides.
Some high-profile investors are giving Chewy stock a close look, driving shares up in the process. The company repurchased shares from its largest shareholder, one that's seemingly taking advantage of the higher stock price.
While fans of GameStop (NYSE: GME ) may be reeling from the recent lawsuit against Keith Gill, better known as Roaring Kitty, it turns out Chewy (NYSE: CHWY ) executives may be the real victims here. Indeed, on Monday, Gill showed off a surprise 6.6% stake in Chewy, sending CHWY stock plummeting in the process.