Diamonds and Dogs
The meme stocks are back. Retailer, Bed Bath & Beyond (BBBY) is up 22% today and more than tripled this month as Internet investors reinvigorate a wave of meme stock buying, stands in the face of Wall Street banks sounding the alarm on the stock's lofty valuations. The average 12-month price target for Bed Bath & Beyond is $4.49 a share which implies a nearly 80% drop from current levels.
Krispy Kreme (DNUT) going down again. The donut retailer is down 14% today and down 50% since coming public for a second time last year. The company missed earnings and lowered full year guidance. The company is looking to expand Internationally to Australia and Mexico.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.