The e-commerce sector has been a rollercoaster over the past few years, thanks to the ripples created by the pandemic. Many former high-flying stocks now sit at depressed levels after the temporary Covid-19 boom ended and more normal growth resumed. This cooldown may have made it seem like the potential of this sector had been overhyped.However, I think the cooldown was simply an adjustment to more sustainable long-term trends, not a sign that e-commerce is fading. My conviction on stocks like Shopify (NYSE ...

Bloomberg/Bloomberg via Getty Images With the S&P 500 recently crossing the psychologically significant 5,000 threshold, it's a great time for investors to hit the brakes and consider how to manage our portfolios for the balance of 2024. In my perspective, it's an excellent time to put a heavy bias on value stocks that have room to see multiples expansion in 2024. Chewy (NYSE:CHWY), in my view, is a prime candidate here. Amid a tech sector that has seen sweeping gains since the start of November, e-comm ...

Bloomberg/Bloomberg via Getty Images Introduction & investment thesis Chewy (NYSE:CHWY) is a pure-play pet e-commerce business that has severely underperformed the indices in 2023. While the company has seen a slowdown in revenue growth and active customers, which has led to investor pessimism, I believe that the worst is priced in at the moment, with room for significant upside over a 5-year investment horizon. The company is seeing a growing wallet share amongst its active customers as well as a higher vo ...

The latest trading session saw Chewy (CHWY) ending at $16.93, denoting a -1.17% adjustment from its last day's close. This change lagged the S&P 500's 0.82% gain on the day. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq increased by 0.95%.Shares of the online pet store have depreciated by 19.01% over the course of the past month, underperforming the Consumer Staples sector's gain of 1.89% and the S&P 500's gain of 5.59%.Investors will be eagerly watching for the pe ...

The S&P 500 last month reached a new record high, officially confirming that we are in a bull market. This environment may feel new, but the index actually has been in bull territory ever since it started to rebound from bear market lows 16 months ago.Bull markets always are declared well after they've begun -- but this doesn't mean we've lost out on an opportunity to benefit from them. That's because these periods of expansion generally last for years, offering us plenty of time to invest in stocks that th ...

Chewy (CHWY) closed at $17.90 in the latest trading session, marking a +0.45% move from the prior day. The stock's change was less than the S&P 500's daily gain of 1.25%. Elsewhere, the Dow saw an upswing of 0.97%, while the tech-heavy Nasdaq appreciated by 1.3%.Coming into today, shares of the online pet store had lost 14.66% in the past month. In that same time, the Consumer Staples sector gained 4.02%, while the S&P 500 gained 1.58%.The investment community will be closely monitoring the performance of C ...

The pet category is booming. Booming more than ever, one could say.  In fact, the global pet care market has reached $235.32 billion and is expected to keep growing from $246.66 billion in 2023 to around $368.88 billion by 2030. But how did we get here? The pandemic and a growing interest in pet ownership have driven people to treat their furry companions as family members. This shift has generated an increased demand for fashionable pet accessories, high-quality pet food, and excellent healthcare. Recogniz ...

Chewy (CHWY -4.44%) has fallen 84% from its pandemic peak, but the business is doing better than ever. Operations are now profitable and customers are spending more on Chewy than ever.In this video, Travis Hoium covers some of Chewy's challenges and why this could be a great recovery stock long term.*Stock prices used were end-of-day prices of Jan. 12, 2024. The video was published on Jan. 13, 2024. ...

Chewy Inc (NYSE: CHWY) has been a disappointment for its shareholders in recent weeks but a Barclays analyst says it will come back strongly over the next twelve months.Chewy stock has upside to $30Copy link to sectionTrevor Young upgraded the pet food retailer to “overweight” on Thursday and said its shares could climb to $30 – up a whopping 50% from here. The analyst sees Chewy stock as one with the highest potential for outsized returns within an otherwise challenged eCommerce space in 2024.  We anticipa ...

Barclays upgraded Chewy Inc (NYSE:CHWY) to "overweight" from "equal-weight," and raised its price objective to $30 from $19. The analyst in coverage said the pet e-tailer is insulated against competition from Chinese e-commerce name Temu, and now offers an attractive entry point, with revenue expected to grow in the second half of the year.The brokerage bunch was optimistic toward CHWY coming into today, with 14 of the 23 firms in question calling it a "buy" or better. Plus, the 12-month consensus target p ...