Stocks expected to have increasing option volume: PARA WBD DIS CHWY GME
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
William Blair Reiterates Outperform Rating on Chewy Inc. (CHWY)
July 2, 2024 7:49 AM EDTWilliam Blair analyst Dylan Carden reiterated an Outperform rating on Chewy Inc. (NYSE: CHWY).
The analyst comments "First, we clearly agree with Gill. Chewy remains our top pick this year because we believe valuation reflects an irrational belief that active customer growth is stalled, with underlying value of longer-term free cash flow being overly discounted in the process. Looking at valuation, at $32.50 in pre-market, shares are trading just above 1 times 2025 sales and18.5 times our initial out-year free cash... More
