Chewy named Bull of the Day by Zacks, Five Below named Bear of the Day.

From Nasdaq, July 17, 2024, 08:56 AM:

Chewy (CHWY) has been named the Bull of the Day by Zacks Equity Research, with a Zacks Rank #1 (Strong Buy) and a 88% increase in EPS year-over-year. The company has shown operational efficiencies, with earnings forecasted to jump nearly 40% in its current fiscal year (FY25).

On the other hand, Five Below (FIVE) has been named the Bear of the Day by Zacks Equity Research, with a Zacks Rank #5 (Strong Sell) and back-to-back poor quarterly results. Earnings fell 11% year over year, with soft guidance for the current fiscal year leading to negative analyst sentiment.

Bitcoin (BTC) recently bounced back above $63,000, surging more than 50% this year. Various factors like decreased selling pressure, increased institutional and retail adoption, and potential interest rate cuts have contributed to BTC’s upward momentum. This bullish trend may lead to gains for companies like Coinbase Global (COIN), Block (SQ), and NVIDIA Corp (NVDA) who are well-positioned to benefit from the crypto market.

Read more at Nasdaq: Chewy and Five Industries have been highlighted as Zacks Bull and Bear of the Day