Sell Bed Bath & Beyond as shares look unattractive at these levels, Baird says

Investors should steer clear of shares of Bed Bath & Beyond, especially after the stock’s “latest meme stock frenzy,” according to Baird. Analyst Justin Kleber downgraded the home retail stock to underperform, saying in a note to clients that shares look unattractive at these levels. “Shares have surged 148% since July 27, including +86% the … Read more

Bed Bath & Beyond shares jump more than 50% as message board mentions soar

A view of a Bed Bath and Beyond store in Daly City, California. Justin Sullivan | Getty Images Shares of Bed Bath & Beyond jumped nearly 60% on Monday as meme traders seemed to be betting on the stock despite any apparent catalyst for the move. The heavily shorted stock, which has tumbled more than … Read more

Tech companies, banks overstaffed while airlines, hotels need workers

JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle … Read more

The $300 billion meme stock that makes GameStop look like child’s play

The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters Think the meme stock mania is so 2021? Just take a look at AMTD Digital. The little-known Hong Kong-based fintech firm saw its shares skyrocket 126% Tuesday … Read more

Walmart’s slashed profit outlook sends consumer health warning

Shares of retailers including Macy’s, American Eagle and Amazon are falling Tuesday, a day after Walmart slashed its profit forecast and warned that surging prices for food and gas are squeezing consumers. The big-box retailer, which is the country’s largest grocer, said everyday necessities are eating up more of household budgets and leaving shoppers less … Read more

Snap, AT&T, Warby Parker, Tesla & more

Here are Friday’s biggest calls on Wall Street: Barclays downgrades AT & T to equal weight from overweight Barclays said in a note to clients after AT & T’s earnings report that it has “credibility questions” which are likely to persist. “AT & T’s results, while being impacted to some extent by the macro backdrop, … Read more

3 reasons why executives are leaving retailers from GameStop to Gap

Shoppers explore a mostly empty mall in Columbus, Ohio. Matthew Hatcher | Getty Images Don’t expect the stream of departures from retailers’ C-suites to stop anytime soon. Already this year, Gap and Bed Bath & Beyond abruptly replaced their CEOs as the companies’ sales plunged. GameStop fired its chief financial officer in the middle of … Read more

Alphabet is trading at its post-split price. Here’s how the Dow would move if it joined the index

Alphabet began trading at its split-adjusted price on Monday, raising questions of how shares could affect the blue-chip Dow Jones Industrial Average if the tech giant joined the index. When Google’s parent company announced in February that it would split its stock 20 for 1, there was immediate speculation that the company was angling for … Read more

GameStop launches NFT marketplace as it hunts for growth online

NurPhoto | NurPhoto | Getty Images GameStop on Monday announced the long-awaited debut of its online marketplace for nonfungible tokens, or NFTs, in a bid to reinvent its business and cash in on consumer adoption of cryptocurrencies and blockchain technology. The platform, which is now open to the public for beta testing, allows users to … Read more

Upstart, WD-40, Vita Coco and more

The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 3, 2022. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Upstart – The consumer lender’s shares tumbled by more than 20% after … Read more