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Bed Bath & Beyond Shares Are Up 30%+ After Surprise Earnings Beat

Initial jobless claims totaled 837,000 last week, the Labor Department reported, lower than the 850,000 claims anticipated by economists. While the total was below 1 million for the fifth consecutive week, it was still well above anything the U.S. has seen since before the coronavirus crisis. “Jobless claims declined slightly more than expected, but remained stubbornly high amid mounting layoff announcements,” said Bloomberg economist Eliza Winger. “Claims have been art...

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Soleno Therapeutics Inc (NASDAQ: SLNO): Soleno Therapeutics shares rocketed nearly 45% higher yesterday after the biotech announced updated top-line results from its Phase 3 trial, DESTINY PWS (C601), evaluating once-daily Diazoxide Choline Controlled Release (DCCR) tablets for patients with Prader-Willi Syndrome (PSW). “The results from this program continue to demonstrate DCCR...

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GIS is a COVID winner – but is it still a smart defensive play?

What tends to generate less buzz in market news and other media outlets is another trend that I think is also very important and has a few different interesting layers to it. Stay-at-home orders, shuttered restaurants (which even now are still operating at only partial capacity, if they are operating at all) and broad retail closures naturally prompted consumers to stockpile food and household goods. Some analysts thought that would be a short-term trend; but the longer the pandemic lasts, th...

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Featured Stock

Hibbett Sports, Inc. (HIBB) – Buy Price: $42.00 or better

Hibbett Sports, Inc., together with its subsidiaries, engages in the retail of athletic-inspired fashion products. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates stores in small and mid-sized communities, and e-commerce Websites under the hibbett.com and citygear.com names.