5 Stocks to Watch Like $BBBY
I apologize for the late post but Bed Bath & Beyond announced some breaking news and I needed time to sell my puts for a profit.
Earnings Calendar for This Week
5 Stocks to Watch for Wednesday August 31th 2022
Bed Bath & Beyond (BBBY) - It took me some time to digest all the news. BBBY will issue more stock, close down 15 stores, and fire a good cunk of employees. This is bad news and BBBY shares are down 25% so far today. I’m up 100% on my BBBY puts so I cashed them out for some quick gains. It looks like BBBY could hit $5 by next week so I bought some more puts for next week.
Hempacco (HPCO)- HPCO shares have crashed all the way down to $6 near the initial IPO price. The stock opened up as high as $35 then went to $40+ before crashing down. I didn’t get involved in this mess and still have a $20 PT for HPCO shares.
Chargepoint (CHPT) - Chargepoint hit $100+ million in quarterly revenue for the first time. CHPT shares are up big today and I still love this stock in the long run. It will take time for the EV transition to happen so be patient.
AMC Theatres (AMC) - AMC continues its slow trickle down to $5. I don’t think the APE dividend was a massive success. Nothing more to see here.
Chewy (CHWY) - Chewy had a down Q2 due to slower sales. CHWY shares got crushed but now the stock is recovering a bit.
What’s Next?
I’m looking to load up more BBBY puts as the stock heads down to $5 over the next couple of weeks. Looking forward to getting back on track tomorrow!
That’s all for now. Thanks for reading and check out my site, InvestorTrip.com, for more articles and insights.