Bed Bath & Beyond Inc. (BBBY) Stock Earnings Show Challenges Ahead
At this point, if Bed Bath & Beyond Inc. (NASDAQ:BBBY) stock isn’t a buy, then perhaps no brick-and-mortar retailer is. Management is clearly aware of the pressures of e-commerce, and adapting in response.
Online comparable sales rose 20%-plus last year. BBBY stock trades at less than eight times earnings, with revenue and profits holding up reasonably well.
The nature of Bed Bath’s business and the need to see — and feel — its products would seem to protect it somewhat from competition from Amazon.com, Inc. (NASDAQ:AMZN), Wayfair Inc (NYSE:W) and other online retailers.
Bed Bath & Beyond Inc. (BBBY) Scheduled to Post Quarterly Earnings on Thursday
Bed Bath & Beyond Inc. (NASDAQ:BBBY) is set to announce its earnings results after the market closes on Thursday, June 22nd. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, April 5th. The retailer reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.07.
What to Look for in Bed Bath & Beyond’s Earnings Report
On today’s “The Numbers Don’t Lie,” Bloomberg’s Julia Chatterley takes a look at Bed Bath & Beyond Inc. ahead of earnings. She speaks on “What’d You Miss?” (Source: Bloomberg)
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On the Tape Today | 6-22-17
WDC-Western Digital traded into a solid bullish day that also shows relative strength to the general stock market. Game planning a new long and looking for a breakout over $92. Might have to wait another day for the new swing trade to trigger, but it's the correct play. No reason to get long into resistance. Target on the new long if filled comes in at an even $100.
The stock specific market continues to be the correct game plan. Something interesting is the amount of stocks trading at double normal volume. This implies distribution in these uptrending stocks. Distribution days, but the bullish order flow remains intact.
The three major indices are mixed, yet there are sectors such as oil & gas, financials, technology and healthcare. Most of us like to trade a universe of the same stocks. You can get a feel for the stocks, how they trade and you get comfortable with accepting risk.
This stock market continues to force you out of your comfort zone. To make money in 2017, you need to expand your list. Be a professional and go where the price action is.
I know this sounds obvious but most traders have favorites. If you’re not willing to adapt, you will have a tough time earning a consistent monthly income. Scroll down and make your choice from both the momentum and order flow lists.
Stock Market Today:
Stocks to Trade | 6-22-17 Thursday Edition
Bullish Momentum: VRTX, CELG, EXAS, MNK, ALXN, BABA, WDC, AMGN, SHOP, AGN, EXEL
Bearish Momentum: SLCA, NFX, APA, CLR, DVN, RSPP, NOV, HES, EQT, CC, HAL, MPC, KMX
Bullish Order Flow: VRTX, CELG, ALXN, ADBE, NVDA, LUV, TSLA, AMZN, UNH, ATVI, JNJ, BA, AET, UTX, MDT, KVS, C,
MCD, HON, HD, LEN
Bearish Order Flow: slca, fl, nfx, apa, clr, dvn, rspp, hes, eqt, hal, trgp, tsco, rost, dltr, tjx, trip
Double Normal Volume: YHOO, BABA, RICE, KR, CELG, FL, KMX, EQT, ADBE, HDS, EXEL, ROST, CLR, DKS, TRGP, HOG
Inside Day: msft, ebay, sbux, atvi, dal, lly, aal, cost, tmus, mgm, amzn, utx, axp, twlo, ddd, kors
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