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1 Hyper Growth Stock Down 84% That You Don’t Want to Miss

January 14, 2024
in News
1 Hyper Growth Stock Down 84% That You Don’t Want to Miss
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Chewy (NYSE: CHWY) 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.

Should you invest $1,000 in Chewy right now?

Before you buy stock in Chewy, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chewy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

*Stock Advisor returns as of January 8, 2024

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Chewy. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Nasdaq – https://www.nasdaq.com/articles/1-hyper-growth-stock-down-84-that-you-dont-want-to-miss

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