Jul 10, 2019

Chewy is the latest stock analysts love but can't afford

Data: Investing.com; Chart: Axios Visuals

Chewy was the latest stock to become a victim of its own success.

The big picture: In a familiar pattern for companies that have seen share prices skyrocket after their debut in public markets, a slew of analysts released largely upbeat ratings of the company, but warned that the stock may already be in overbought territory.

What happened: Shares of Chewy fell 4% on Tuesday after at least 7 analysts issued guidance, with 5 placing the equivalent of Hold ratings on the stock and just 2 recommending investors buy it, FactSet data shows.

  • Chewy went public less than a month ago, and is now 4.5% below the $34.99 closing price on its first day of trading.

Yes, but: The stock is still 50% higher than its $22 IPO price.

Go deeper: Investors are missing out on the stock market rally

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Snap stock price up after beating Q2 analyst expectations

Photo: Thomas Trutschel/Photothek via Getty Images

Snap's stock price shot up more than 6% on Tuesday after the company beat analyst expectations, posting $388.02 million in revenue.

By the numbers: The gains surprised investors, as the stock was expected to post at $359.56 million, and $0.06 loss per share (vs. a $0.10 expected loss). Snap also added 13 million new daily active users this quarter.

Go deeperArrowJul 23, 2019

Lyft stock price up after strong revenue and raised outlook

Lyft listing on the Nasdaq. Photo: DON EMMERT/AFP/Getty Images

Lyft's share price is up by more than 11% after the company's Q2 earnings beat analyst revenue expectations, but also posted much wider losses than predicted (largely because of IPO-related stock compensation).

The big picture: Lyft also raised its sales outlook for the year to roughly $3.5 billion.

Go deeperArrowAug 7, 2019

Investors are missing out on the stock market rally

Illustration: Rebecca Zisser/Axios

The U.S. stock market is up almost 20% this year, but investors have missed out on much of the rally. They've sold equities and piled into bonds and money market funds — effectively low-yield savings accounts — largely out of fear.

What's happening: Institutional money managers and retail investors around the world have pulled a net $140.6 billion out of equity funds in 2019, according to data from Lipper, which tracks $49.1 trillion of assets.

Go deeperArrowJul 10, 2019