Short interest for Chewy gives investors a sense of the degree to which investors are betting on the decline of Chewy's stock. Short interest data is updated every two weeks.

Chewy Stock (NYSE:CHWY), Short Interest Report

Chewy

Chewy is the largest e-commerce pet care retailer in the US, generating $11.2 billion in 2023 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a stand-alone company in 2019 after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, and hard goods, like crates, leashes, and bowls.

Moenchengladbach Germany,-,25,January,2019:,Amazon,Logo,At,The

News

Price Target

Markets

Trading Ideas

AMZN

CHWY

INTC

RBLX

VERX

ZION

Amazon To Rally Over 37%? Here Are 10 Top Analyst Forecasts For Tuesday

General

CHRW

Managed transportation provider Uber Freight announced Wednesday it has hired two key executives to leverage their expertise in growing the company&#39;s commercial operations and final-mile network.




Uber Freight Taps Industry Veterans for Commercial, Final-Mile Growth

dog-2074370

Chewy shares are trading lower by 5.8% Monday afternoon. The stock is falling after the company last week issued first-quarter net sales guidance below estimates.

Chewy Stock Hits A New All-Time Low: What&#39;s Going On?

Chewy Inc

BZFD

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

BZFDW

<p>&nbsp;<strong>Vizsla Silver Corp. </strong>(TSXV:<a class="ticker" href="https://www.benzinga.com/stock/VZLA#TSXV">VZLA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZLA#NYSE">VZLA</a>) (Frankfurt: 0G3) ("<strong>Vizsla Silver</strong>" or the "<strong>Company</strong>") is pleased to announce that it has now issued 448,137 common shares (the "<strong>Consideration Shares</strong>") for the previously announced asset purchase agreement (the "<strong>Acquisition Agreement</strong>") dated March 5, 2024, entered into with Inca Azteca Gold S.A.P.I. de C.V. (the "<strong>Seller</strong>") and the Company's wholly owned subsidiary, Minera Canam, S.A. de C.V. ("<strong>Minera Canam</strong>") pursuant to which the Company agreed to acquire, through Minera Canam, all of the Seller's right, title and interest in and to the mineral concessions (the "<strong>Acquisition</strong>").&nbsp;</p>
<p>The Company will acquire two large claims comprising 10,667.0 Ha (the "<strong>El Richard – San Enrique claims</strong>" or "<strong>San Enrique prospect</strong>") located south and partially adjacent to the Company's Panuco project (the "<strong>Panuco Project</strong>" or "<strong>Panuco</strong>").&nbsp; The San Enrique prospect is situated along the highly prospective Panuco – San Dimas corridor and is covered 100% with LiDAR and partially covered with high-resolution aero-magnetic and radiometric surveys.</p>


TSXV:VZLA

VZLA

Vizsla Silver Provides Further Update On Acquisition Of Large Claim Package Along Highly Prospective Structural Trend, South Of Panuco

<p><a href="https://www.nytimes.com/2024/05/03/business/media/paramount-skydance-exclusive-talks-lapse.html#:~:text=Paramount's%20special%20committee%20is%20set,broadcast%20networks%2C%20like%20Paramount's%20CBS.">https://www.nytimes.com/2024/05/03/business/media/paramount-skydance-exclusive-talks-lapse.html#:~:text=Paramount's%20special%20committee%20is%20set,broadcast%20networks%2C%20like%20Paramount's%20CBS.</a></p>
<p>&nbsp;</p>
<p>Paramount told Skydance that it would not extend the Hollywood studio's exclusive window to negotiate a merger, two people with knowledge of the decisions said Friday, imperiling the deal but opening the door to other suitors for the owner of MTV and Nickelodeon.</p>
<p>The development throws up a major roadblock for Skydance, a movie studio that has been negotiating a complicated deal to merge with Paramount for months. Many Paramount investors have come out against that deal, saying it would <a href="https://www.nytimes.com/2024/04/04/business/media/paramount-board-shari-redstone.html">enrich Shari Redstone</a>, the company's board chair, at the expense of other shareholders.</p>
<p>The 30-day period for exclusive talks with a special committee of Paramount's board expires at the end of Friday. It is unclear what Skydance, which was founded by the tech scion and producer David Ellison, and its backer, RedBird Capital Partners, will do next. The company could wait for Paramount to re-engage in negotiations, could make a higher bid or could walk away. The company is wary of being used by Paramount to drive up the price for another bidder.</p>
<p>Paramount's special committee will now probably focus on negotiating with another suitor, Sony Pictures Entertainment, which has teamed up with the private equity giant Apollo Global Management to make <a href="https://www.nytimes.com/2024/05/02/business/media/sony-apollo-paramount-deal.html">a $26 billion bid</a> for the company. Paramount's shareholders prefer the all-cash offer — which would include the assumption of Paramount's debt — because it would give them a substantial premium on the company's current stock price.</p>
<p>&nbsp;</p>
<p>Paramount's special committee is set to meet on Saturday to discuss the deal, the two people with knowledge of the company's plans said.</p>
<p>The deal with Sony and Apollo is not without its own risk. Government regulations restrict foreign ownership of broadcast networks, like Paramount's CBS. Sony Pictures Entertainment is a division of the Tokyo-based Sony Group, and it's unlikely that it could obtain a license to own CBS. But there are potential remedies to that problem: Apollo could apply to hold the license to CBS, or the group could decide to sell the network.</p>
<p>Paramount's fate ultimately lies in Ms. Redstone's hands. Her control of National Amusements, Paramount's parent company, gives her the power to block any deal. Ms. Redstone has already signed off on a potential deal between Skydance and National Amusements that would allow her to sell her stake for around $2 billion, but that deal hinges on approval of a merger of Paramount and Skydance.</p>
<p>CNBC earlier <a href="https://www.cnbc.com/2024/05/03/paramount-news-skydance-could-drop-bid-after-sony-apollo-offer.html">reported</a> that Paramount was planning to end exclusive negotiations with Skydance.</p>


PARA

PARAA

"Paramount Will Let Exclusive Talks With Skydance Lapse, Imperiling Deal; Negotiations Are Now Likely To Focus On Another Suitor, Sony, Which Has Teamed Up With The Private Equity Giant Apollo On A $26B Bid" - NY Times

Earnings

HCWB

HCW Biologics Says Due To Default Issue, Concluded Financial Statements As Of & For Year Ended Dec 31, 2023 Should Be Restated & No Longer Be Relied Upon

Contracts

On May 1, Eagle Materials Inc TLCC Partners, HM, HMSC Entered Into A Put Option Agreement; Under Agreement, TLCC Partners Granted Put Option To HMSC; Put Option Entitles HMSC To Require TLCC Partners To Purchase All Partnership Interests Held By HMSC In JV; Under Put Option, TLCC Partners To Buy All Partnership Interests Of HMSC In JV For Payment Of Amount Equal To 50% Of $1.1B

<p>Growing wealth is not as difficult as it seems, according to a self-made millionaire <strong>Ramit Sethi</strong>. It's easy enough that Sethi thinks it takes only three "deceptively" simple steps to accumulate wealth and gain financial independence.</p>
<p>Sethi is the author of the book "I Will Teach You To Be Rich" which outlines a six-week process to help readers choose the right investments to make sure their money grows.</p>
<p>Whether you're worried about your home loans, student loans, or any other debt, or if it's about asking for that big raise you've been eyeing, Sethi has a strategy for you.</p>
<p>Sethi revealed three "boring" and "deceptively" simple steps to grow wealth, in an earlier interview <a href="https://www.cnbc.com/2023/07/07/self-made-millionaire-ramit-sethi-no-1-way-to-grow-your-wealth.html">with</a> CNBC.</p>
<h2 class="wp-block-heading"><strong>Three Steps To Grow Your Wealth</strong></h2>
<h3 class="wp-block-heading"><strong>1. Start Investing And Increase It Steadily</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03083837/Wealth-1-1024x576.jpg" alt="" class="wp-image-321378" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03083837/Wealth-1-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03083837/Wealth-1-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03083837/Wealth-1-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03083837/Wealth-1-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03083837/Wealth-1.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>Representational image of a person investing &#x7C; Photo courtesy: Dall-E</em></figcaption></figure></p>
<p>The first step to becoming wealthy is to start investing. It's a habit and once formed, you can set it on autopilot and let the money grow itself.</p>
<p>"Invest a percentage of your income every year automatically and increase that percentage 1%."</p>
<p>Suppose you're wondering whether your investments can perform as well as those of rich people who have access to options that regular people don't. In that case, Sethi says they "typically do not perform better than a simple S&amp;P index fund."</p>
<p>Identify a simple low-cost index fund and get going.</p>
<h3 class="wp-block-heading">2. Ask For The Salary You Want And Deserve</h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084055/Wealth-2-1-1024x576.jpg" alt="" class="wp-image-321383" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084055/Wealth-2-1-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084055/Wealth-2-1-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084055/Wealth-2-1-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084055/Wealth-2-1-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084055/Wealth-2-1.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>Representational image of two people in an office &#x7C; Photo courtesy: Shutterstock</em></figcaption></figure></p>
<p>Investing is one side of the wealth journey. Making sure you're able to invest consistently is the other aspect. For most people, the source is salary, and making sure you're getting the right salary is important.</p>
<p>"Learn the skills of negotiating your salary and getting paid what you're worth," says Sethi.</p>
<p>One good way to make sure you're getting paid right is by checking what others in the same position as you are being paid.</p>
<h3 class="wp-block-heading"><strong>3. Develop A Side Hustle</strong></h3>
<p><figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084119/Wealth-3-1024x576.jpg" alt="" class="wp-image-321384" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084119/Wealth-3-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084119/Wealth-3-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084119/Wealth-3-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084119/Wealth-3-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/03084119/Wealth-3.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>Representational image of a person working &#x7C; Photo courtesy: Dall-E</em></figcaption></figure></p>
<p>While not everyone is a fan of hustling, the journey to making wealth requires you to put in that extra effort.</p>
<p>"If you really want to increase your earnings, consider starting a business on the side," suggests Sethi.</p>
<p>This hustle could be anything you like – the only idea is that you get more money out of it than you put in. It can even be a hobby, provided it can be made profitable.</p>
<p><em>Image from Shutterstock</em></p>


Personal Finance

'I Will Teach You To Be Rich' Author, Ramit Sethi, Became A Self-Made Millionaire — He Now Shares His Simple Formula To Grow Your Wealth

In Q1, Citigroup Got Notification From FDIC That FDIC Special Assessment Estimate To Increase To $20.4B; In Q1, Increased Its Total Accrued Estimated Liability To $2B For The FDIC Special Assessment

CLIR

On May 2, Clearsign Technologies Received Letter From Nasdaq That Company No Longer Meets The Minimum Bid Price Requirement

ADTN

Adtran Impairment Assessment Was Triggered As A Result Of Factors Such As A Decrease In Co's Market Capitalization; Impairment Assessment Was Triggered As A Result Of Factors Such As Cautious Service Provider Spending Due To Economic Uncertainty

Adtran Determined That A Material Charge For Impairment To Goodwill Will Be Required For Q1 Of 2024; Impairment Leads To An Increased GAAP Operating Loss For Q1 2024 By Same Amount; Charge Has No Impact On Co's Compliance With Covenants Under Its Credit Agreement; Non-Cash Goodwill Impairment On Carrying Amount Of Goodwill Solely Allocated To Network Solutions Segment Estimated Around $293M

AAON

MARA

S&P Dow Jones Indices Says Marathon Digital Holdings Inc. Will Replace AAON In The S&P Smallcap 600 Effective Prior To The Market Open On May 8

S&P Dow Jones Indices Says AAON Inc. Will Replace Vistra In The S&P Midcap 400 Effective Prior To The Market Open On May 8

S&P Dow Jones Indices Says Vistra Corp. Will Replace Pioneer Natural Resources Co. In The S&P 500 Effective Prior To The Market Open On May 8

QDRO

Quadro Acquisition One Provided Notice To NHC Holdings II That It Has Terminated Business Combination Agreement

IPOs

Zeekr Intelligent Technology Holding Ltd Sees IPO Price In Range Of $18-$21/ADS; Existing Shareholders, Third-Party Investors Indicated To Subscribe Up To $349.1M Of ADSs Being Offered In IPO; Sees U.S. Ipo Of 17.5M ADSs; Plans To Use About $138.9MOf IPO Proceeds, To Develop More Advanced Bev Technologies, Expansion Of Product Portfolio; Plans To Use About $138.9M, For Selling, Marketing, Expansion Of Service And Charging Network

Offerings

LAZR

Luminar Files For Mixed Shelf; Size Not Disclosed

Management

SEEL

On April 30, Seelos Therapeutics Inc  Announced A Reduction In Its Workforce That Affected ~33% Of Its Current Employees; Company Received Bid Notice From Nasdaq Stock Market

Velocity Financial Entered Into Separate Equity Distribution Agreements With Each Of BTIG, LLC And Virtu Americas LLC; Under Agreements, Co May Sell, From Time To Time, Shares Of Co's Common Stock With Offering Price Of Up To $50M

Chewy stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) has experienced a never-ending plunge over the past three years, potentially entering deep-value territory. The one-stop sp...

Chewy Stock (NYSE:CHWY) Has Entered Deep-Value Territory

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Dutch Bros Inc (BROS – Research Report), Lululemon Athleti...

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Dutch Bros Inc (BROS), Lululemon Athletica (LULU) and Chewy (CHWY)

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>GameStop</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/"><strong>GME</strong></a>) stock is in focus following an <a href="https://www.sec.gov/Archives/edgar/data/1326380/000186828824000002/xslF345X05/wk-form4_1712701422.xml">insider purchase</a> from Director Larry Cheng.</p>



<p>On April 8, Cheng picked up 10,000 shares of GME stock at average prices ranging between $11.21 and $11.23 per share for a total transaction value of $112,238. Following the purchase, Cheng now directly owns 8,772 shares and indirectly owns 65,088 shares through <strong>Cheng Capital</strong>. </p>



<p>Cheng has emerged as a strong supporter of the video game retailer through his buys. The <a href="https://www.secform4.com/insider-trading/1326380.htm">last GameStop insider buy</a>, excluding the one mentioned above, was also attributed to Cheng. On Sept. 8, Cheng added 6,000 shares at an average per share price of $17.65, amounting to a total of $105,926. That batch of shares is since down by nearly 40%.</p>



<p>Cheng has purchased a total of <a href="https://www.secform4.com/insider-trading/1868288.htm">21,000 shares</a> of GME stock during the past year.</p>



<h2>GME Stock: Director Larry Cheng Buys 10,000 Shares</h2>



<p>Cheng is also the Managing Partner and co-founder of <strong>Volition Capital</strong>, a growth equity firm with a focus on bootstrapped and founder-led software, internet and consumer companies. He was also an <a href="https://www.thestreet.com/memestocks/gme/gamestops-director-advocates-for-retail-investors-during-dedicated-community-event">early investor</a> in <strong>Chewy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/chwy-stock-quote/"><strong>CHWY</strong></a>), which was co-founded by GameStop CEO Ryan Cohen.</p>



<p>While Cheng&rsquo;s insider purchase marks a clear message of confidence, GameStop hasn&rsquo;t exactly done well in 2024. During the fourth quarter, net sales tallied in at <a href="https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2023-results">$1.794 billion</a>, down by 19.4% compared to $2.226 billion a year ago. For the full year of 2023, sales declined by 11% to $5.273 billion from $5.927 billion. At the same time, the company was able to churn out net income of $6.7 million compared to a loss of $313.1 million year-over-year (<span>YOY</span>).</p>



<p>GameStop&rsquo;s sales decline isn&rsquo;t exactly surprising. With the proliferation of the digital age, video games are more frequently being bought online instead of in person.</p>



<p>&ldquo;An increasing mix of digital downloads is hurting physical retail, and there is simply no reason to go to the store if a consumer can just order a game and download it immediately,&rdquo; <a href="https://finance.yahoo.com/news/gamestop-q4-revenue-falls-201314894.html">said</a> Wedbush analyst Michael Pachter.</p>



<p>For 2024, analysts <a href="https://app.koyfin.com/estimates/eac/eq-s8tppj">expect</a> sales to fall by 6.5% to $4.93 billion. The company is also expected to post its second-straight year of profitability with a GAAP EPS of 3 cents.</p>



<p><em>On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Eddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace&rsquo;s Today&rsquo;s Market team, which centers on the latest news involving popular stocks.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/2024/04/insider-larry-cheng-just-bought-112000-of-gamestop-gme-stock/">Insider Larry Cheng Just Bought $112,000 of GameStop (GME) Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Insider Larry Cheng Just Bought $112,000 of GameStop (GME) Stock

GameStop can invest in other companies. But will it?

E-commerce: Chewy and eBay named top picks at Morgan Stanley, Etsy sees ratings cut

Wall Street Lunch: A Nike-Caitlin Clark Collab?

Chewy: A Recurring Revenue Powerhouse Fueled By Pet Love

Chewy: Rating Downgrade To 'Hold' As Management Guides For Slower Revenue Growth In FY24

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>With the market encountering significant challenges, now may be the time to consider stocks on sale. While it&rsquo;s always a sweaty-palm affair to buy into the red ink, doing so may give the speculator significant upside.</p>



<p>As the adage goes, be fearful when others are greedy and be greedy when others are fearful. The best part about getting hot stocks on discount is that they should still remain fundamentally sound. Basically, the only difference is the underlying market cycle.</p>



<p>Granted, no guarantees exist &ndash; sometimes securities sell off for a good reason. Still, these intriguing ideas might be worth a second look. With that, here are some stocks on sale to consider.</p>



<h2>Nike (NKE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/nke-stock-3-300x169.jpg" alt="Nike (NKE) store in a shopping mall in Penang, Malaysia. robinhood stocks"><div>Source: TY Lim / Shutterstock.com</div></div><p>Not too long ago, <em>The Wall Street Journal</em> reported that <strong>Nike</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/"><strong>NKE</strong></a>) CEO John Donahoe led a virtual all-hands meeting in late February. During the meeting, he announced that the athletic footwear and apparel giant <a href="https://www.wsj.com/business/retail/nike-reverse-innovation-stalls-rivals-gain-c3ed8e63">wasn&rsquo;t performing to its lofty standards</a>. Further, he held himself accountable. And by that, the message was that more than 1,600 employees would need to lose their jobs.</p>



<p>Nobody said the corporate world was easy or fair. Still, Nike now states that it&rsquo;s refocusing to once again deliver innovative footwear. To be blunt, corporate executives usually say the same thing when faced with challenges. Nevertheless, Nike has a massive advantage that other companies lack: global brand presence and power.</p>



<p>If Nike makes the tweaks, the moves should resonate with its customers. I wouldn&rsquo;t go so far as to say that NKE is objectively undervalued. It does <a href="https://www.gurufocus.com/stock/NKE/summary?search=nke">trade at 2.81X trailing-year sales</a>, which is above the sector median 0.85X. Still, if management hits the right notes, the projected high-side revenue for fiscal 2025 &ndash; which stands at $54.5 billion &ndash; could arrive sooner than expected.</p>



<h2>Comcast (CMCSA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/cmcsa-stock-1-300x169.jpg" alt="Keeping NBC News on the Air Could Hamper Comcast Stock"><div>Source: Shutterstock</div></div><p>A multinational telecommunications and media conglomerate, <strong>Comcast</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/cmcsa-stock-quote/"><strong>CMCSA</strong></a>) represents a challenging idea among stocks on sale. Naturally, the entertainment landscape is a difficult one for all players. For example, cineplex operator <strong>AMC Entertainment</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/"><strong>AMC</strong></a>) has struggled for traction as it faces a <a href="https://investorplace.com/2024/04/amc-stock-lenders-push-for-amc-debt-extension/">declining box office</a>.</p>



<p>Still, Comcast also has the opportunity to focus on action-adventure blockbusters for major releases. Such films are usually best experienced on the big screen. Further, the company could also take advantage of the post-pandemic travel cycle with its theme parks. Sure, revenge travel may no longer be the phenomenon that it once was. However, <a href="https://www.hoteldive.com/news/leisure-travel-demand-deloitte/708785/#:~:text=A%20January%20Deloitte%20report%20found,over%20hotel%20class%20in%202024.">travel prioritization</a> remains a strong pull among consumers.</p>



<p>One advantage that Comcast offers with its red-stained price tag is a more attractive valuation. Currently, shares <a href="https://www.gurufocus.com/stock/CMCSA/summary?search=cmcsa">trade at 9.07X forward earnings</a>, below the sector median 13.59X. In fiscal 2024, analysts project Comcast&rsquo;s earnings per share to reach $4.22, above last year&rsquo;s print of $3.98. So, it makes an intriguing case for stocks on sale.</p>



<h2>GlobalFoundries (GFS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/gfs1600-300x169.png" alt="In this photo illustration GlobalFoundries (GFS) Inc. logo is seen on a mobile phone screen."><div>Source: viewimage / Shutterstock.com</div></div><p>A multinational semiconductor contract manufacturing and design company, <strong>GlobalFoundries</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/gfs-stock-quote/"><strong>GFS</strong></a>) is a powerfully relevant idea among stocks on sale. <a href="https://finance.yahoo.com/quote/GFS/profile">Per its public profile</a>, GlobalFoundries manufactures integrated circuits (ICs) on wafers designed for various markets, including smart mobile devices, automotive, aerospace and defense, among many others.</p>



<p>With the memory of the Covid-19-related supply pressures still fresh, GlobalFoundries benefits from a strong narrative. However, the current economic headwinds pose obstacles for GFS stock. As such, the market isn&rsquo;t exactly enthused with the idea. However, this dynamic also means that shares are trading at a price/earnings-to-growth (<a href="https://investorplace.com/stock-quotes/peg-stock-quote/"><strong>PEG</strong></a>) ratio of 0.67X. That&rsquo;s well lower than the sector median 1.6X.</p>



<p>Now, part of the hesitation is that analysts on average are projecting fiscal 2024 sales to fall to $6.8 billion. Last year, the company posted sales of $7.39 billion. However, the optimistic target calls for $8.62 billion. And if the bulls win out, fiscal 2025 revenue could jump to $10.54 billion. For speculators, GFS could be one of the stocks on sale.</p>



<h2>Baidu (BIDU)</h2>



<a href="https://investorplace.com/wp-content/uploads/2023/02/bidu1600-2.png"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/bidu1600-2-300x169.png" alt='An image of a laptop on a table with the screen showing the red and blue logo for Chinese Internet company "Baidu", with the background being blurred.'></a><p>While there&rsquo;s so much talk about artificial intelligence, <strong>Baidu</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/bidu-stock-quote/"><strong>BIDU</strong></a>) hasn&rsquo;t been a beneficiary, far from it. BIDU&rsquo;s performances for the trailing year and year-to-date have been disappointing. At the same time, the skepticism is understandable. Baidu is based in China and the Chinese economy faces nagging questions concerning its viability.</p>



<p>Nevertheless, speculators who are seeking stocks on sale may want to keep BIDU on their radar. As Baidu&rsquo;s management team mentioned, it&rsquo;s <a href="https://www.cnbc.com/2024/04/18/baidu-releases-new-ai-tools-to-promote-application-development.html">gaining traction</a> with its artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/"><strong>AI</strong></a>) business. Further, it&rsquo;s a consistently profitable enterprise with a robust net margin of 15.1%. Even so, shares trade at a lowly 9.95X forward earnings. Should China&rsquo;s economy show signs of gradual improvement, BIDU could be poised to recover</p>



<p>What&rsquo;s really intriguing is that Baidu, currently trading at 1.89X trailing-year sales, could see its revenue jump to $21.13 billion in fiscal 2024. Also, the most optimistic projections call for sales of $23.51 billion in fiscal 2025. That would imply that BIDU may also be discounted relative to the top line.</p>



<h2>British American Tobacco (BTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/bti-stock-1-300x169.jpg" alt="British American Tobacco logo on a building"><div>Source: DutchMen / Shutterstock.com</div></div><p>On the surface, <strong>British American Tobacco</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/bti-stock-quote/"><strong>BTI</strong></a>) might not seem like a natural candidate for hot stocks on sale. For one thing, its 52-week performance is anything but hot. As for the business, the idea that tobacco is cool faded a long time ago. Indeed, anti-tobacco advocates have done an excellent job of reducing the global smoking prevalence rate.</p>



<p>So, why bother with BTI? Fundamentally, the company offers a valuable product. Again, while smoking has lost much of its luster, it remains a popular activity. Plus, not all countries have seen a reduction in prevalence. More importantly to the bottom line, smokers have gravitated toward e-cigarettes and similar alternative products such as heat-not-burn devices.</p>



<p>This is where British American Tobacco can assert itself because traditional tobacco companies can better replicate the analog experience via the &ldquo;digital&rdquo; format. Also, BTI brings great value, trading at a forward earnings multiple of 6.59X, lower than 90.91% of its peers. Combined with a <a href="https://www.dividend.com/stocks/consumer-staples/consumer-products/tobacco/bti-british-amer-tobacco/">forward dividend yield of 10.16%</a>, it makes for an enticing idea.</p>



<h2>Bumble (BMBL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/bmbl1600-300x169.jpg" alt="BUMBLE (BMBL) app on a smartphone"><div>Source: XanderSt / Shutterstock.com</div></div><p>A dating app that aimed to change the way people think about relationships, <strong>Bumble</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/bmbl-stock-quote/"><strong>BMBL</strong></a>) started off with much promise. Its selling point was that for traditionally oriented relationships, women had to make the first move. This directive was designed to implement parity in relational power structures. However, it also impacted Bumble&rsquo;s viability.</p>



<p>What it basically boils down to is that male users must wait to be contacted. That could be very frustrating as such apps don&rsquo;t abide by a democratic process. In other words, a few &ldquo;prospects&rdquo; will get the lion&rsquo;s share of the attention. Everybody else will get the crumbs, if anything. And that&rsquo;s just going to cause male users to seek other platforms.</p>



<p>That&rsquo;s why I&rsquo;m somewhat optimistic about <a href="https://techcrunch.com/2024/03/28/bumbles-new-ceo-talks-about-her-critical-mission-to-spice-things-up-at-the-company/">Bumble&rsquo;s new CEO</a>, Lidiane Jones. With a few simple tweaks, BMBL could rise to the top by being more gentlemen friendly. Should the execution follow through, the company could potentially hit its high-end sales target of $1.16 billion. Therefore, it could be one of the stocks on sale.</p>



<h2>Chewy (CHWY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/chwy1600c_chewy-300x169.jpg" alt="The Chewy logo on a banner at the New York Stock Exchange."><div>Source: Chie Inoue / Shutterstock.com</div></div><p>An online retailer of pet food and other pet-related products, <strong>Chewy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/chwy-stock-quote/"><strong>CHWY</strong></a>) appears to enjoy a double-pronged weapon. First, <a href="https://fred.stlouisfed.org/series/ECOMPCTSA">e-commerce</a> as a percentage of total retail sales has been marching steadily higher since the second quarter of 2022. Notably, this trend materialized even with inflation and high borrowing costs impeding consumer sentiment.</p>



<p>Second, Americans love spending on their pets. In 2023, total pet industry expenditures in this country hit <a href="https://www.americanpetproducts.org/research-insights/industry-trends-and-stats">$147 billion</a>. That&rsquo;s up noticeably from the prior year&rsquo;s print of $136.8 billion. Further, analysts still project growth, with this year&rsquo;s sales potentially reaching $150.6 billion. By logical deduction, Chewy should perform well.</p>



<p>Unfortunately, it&rsquo;s quite the opposite &ndash; CHWY is a big laggard. Still, with consumers demonstrating year after year that they prioritize the care of their furry friends, it may be time for a rethink. Analysts believe that the current fiscal year should see high-side revenue of $12.48 billion. That&rsquo;s very reasonable given the backdrop, making CHWY one of the stocks on sale.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/discount-alert-7-hot-stocks-heading-for-the-clearance-rack/">Discount Alert! 7 Hot Stocks Heading for the Clearance Rack.</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Discount Alert! 7 Hot Stocks Heading for the Clearance Rack.

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/stock-types/growth-stocks/">Growth stocks</a> have been huge winners over the past 18 months. Investors have shrugged off the sector&rsquo;s 2022 bust and returned to growth and technology names with great enthusiasm.</p>



<p>This move makes sense. The Federal Reserve&rsquo;s planned rate cuts for later this year could be a major catalyst for the growth names in particular. And the rapid increase in activity in fields such as artificial intelligence and semiconductors has been a strong tailwind as well.</p>



<p>However, not all growth stocks have taken part in this sector rally. In fact, in recent weeks, a fair number of technology and growth stocks have tumbled to new 52-week lows. While most of these companies are flawed, some quality names have gotten tossed aside with the bunch. These are three of the best growth stocks to buy at their 52-week lows.</p>



<h2>Endava (DAVA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/dava-stock-1-scaled-e1686670107641-300x169.jpg" alt="The logo for Endava (DAVA) displayed on an office building."><div>Source: BalkansCat / Shutterstock.com</div></div><p><strong>Endava</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/dava-stock-quote/"><strong>DAVA</strong></a></span>) is a leading offshoring IT consultant. The idea is that Endava hires skilled IT workers in emerging market countries such as Poland, Colombia, and Vietnam. In turn, it uses this workforce to complete IT projects and contracts for&nbsp;Fortune 500&nbsp;companies and capture a sizable profit margin in the process.</p>



<p>Endava has been incredibly successful, tripling revenues and increasing <a href="https://d1io3yog0oux5.cloudfront.net/_c27f04a377799cd4bdf225476278894a/endava/db/2794/27010/presentation/IR+Earnings+Presentation+Q2FY24.pdf">profitability</a>&nbsp;dramatically in recent years. Until recently, Endava was enjoying outsized growth as firms rushed to beef up their IT capabilities to handle increasing e-commerce, remote work, and digital services demand.</p>



<p>This trend has now reversed. Several key Endava clients have slowed their spending over the past year to adjust to more challenging macroeconomic conditions. In addition, some investors worry that AI will reduce the need for in-house IT solutions.</p>



<p>I believe these fears &mdash; particularly around AI &mdash; are misguided. While companies will implement AI to harvest some low-hanging efficiency gains, there&rsquo;s less evidence that AI is at the point of replacing programmers or full tech stacks anytime soon. If anything, Endava appears likely to be an <a href="https://www.endava.com/capabilities/data-ai/artificial-intelligence">AI winner</a>, as it helps its large and sometimes stodgy clients implement the latest solutions in cloud computing, data science, and generative AI.</p>



<h2>Chewy (CHWY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/chwy1600c_chewy-300x169.jpg" alt="The Chewy logo on a banner at the New York Stock Exchange."><div>Source: Chie Inoue / Shutterstock.com</div></div><p><strong>Chewy</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/chwy-stock-quote/"><strong>CHWY</strong></a></span>) is a specialty e-commerce company focused on pet food, pet health supplies, and related products.</p>



<p>Founded in 2011 by famed investor Ryan Cohen, Chewy was created to develop a leading e-commerce ecosystem for pet owners. Originally, the company enjoyed rapid growth as customers took to the concept. The pandemic gave Chewy more momentum as people adopted pets at a record clip and spent lavishly on them.</p>



<p>Since then, Chewy has been sent to the doghouse. As the company&rsquo;s growth has stalled, the firm has struggled to remain profitable, at least on a GAAP basis.</p>



<p>However, analysts see things picking back up. The current <a href="https://seekingalpha.com/symbol/CHWY/earnings/estimates">earnings consensus</a> has Chewy returning to solid revenue growth going forward while shares trade at around 20 times projected this year&rsquo;s non-GAAP earnings. There was a real slowdown in the pet space as the economy opened back up, but CHWY stock overreacted to that, setting up a compelling bargain heading into this summer.</p>



<h2>Evotec (EVO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/pharmaceuticals_tnxp_1600-300x169.png" alt="medicine research, pharmaceutical background, LJPC stock"><div>Source: Sisacorn / Shutterstock.com</div></div><p><strong>Evotec</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/evo-stock-quote/"><strong>EVO</strong></a></span>) is a German life sciences company. It is focused on drug discovery; specifically, it helps biotech and pharma firms with the development of new clinical products and therapies.&nbsp;<a href="https://www.evotec.com/en/innovate/pharma-partnerships">Evotec has partnerships</a>&nbsp;with many of the world&rsquo;s leading pharmaceutical companies and Evotec is involved in research and development on a pipeline of drug candidates which cover a wide range of diseases and clinical targets.</p>



<p>There are various <a href="https://www.pharma-iq.com/glossary/contract-research-organisation-cro">contract research organizations</a> (CROs) out there. Evotec&rsquo;s unique innovation is that it runs a dual-revenue approach. Namely, it generally aims to acquire a small royalty stream off of the drugs on which it does clinical work. While it has to give up some upfront revenue to facilitate these deals, these long-lasting royalty streams should give Evotec a unique portfolio of revenues from FDA-approved drugs over time.</p>



<p>Evotec has already proven that its hybrid revenue model works. It has increased revenues from $501 million in 2019 to an estimated $935 million for this year. </p>



<p>Shares recently plummeted on a weaker-than-expected <a href="https://investorplace.com/2024/04/why-is-evotec-evo-stock-down-33-today/">earnings report</a>. However, the company is still anticipating double-digit top line and EBITDA growth this year. If the company hits those metrics, EVO stock will look like a steal at its currently depressed valuation.</p>



<p><em>On the date of publication, Ian Bezek held a long position in EVO and DAVA stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/05/3-growth-stocks-to-buy-at-52-week-lows/">3 Growth Stocks to Buy at 52-Week Lows</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Growth Stocks to Buy at 52-Week Lows

AAPL

BIDU

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BROS

CMCSA

DAVA

EBAY

ETSY

LULU

TSLA

Press Releases

Chewy Announces Fiscal Third Quarter 2023 Financial Results Conference Call and Inaugural Investor Day

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David Reeder to Join Chewy as Chief Financial Officer

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Thinking about trading options or stock in Adobe, Taiwan Semiconductor, AerSale Corp, Vistagen Therapeutics, or Chewy Inc?

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ADBE

ASLE

BEAM

MRVL

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XPEV

Academy Sports and Outdoors, Inc. - Common Stock

Academy Sports

BARK

Build-A-Bear Workshop

Bath & Body Works

Big 5 Sporting Goods Corporation - Common Stock

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Envela

National Vision Holdings, Inc. - Common Stock

National Vision Holdings

Five Below

1-800-FLOWERS.COM, Inc. - Class A Common Stock

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Fitell

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MarineMax

Leslies

PetMed Express

Sally Beauty Holdings, Inc. (Name to be changed from Sally Holdings, Inc.) Common Stock

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Chewy Stock (NYSE:CHWY), Short Interest Report

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