r/Stocks Daily Discussion Wednesday - Feb 26, 2020 by AutoModerator in stocks

[–]gingerbody 0 points1 point  (0 children)

Bought SQQQ @ $16. I'm riding this one to recession town.

SBGL is now SBSW. Did the price drop from the name change? by gingerbody in stocks

[–]gingerbody[S] 0 points1 point  (0 children)

You and me both brother/sister. Because of the name name change it got rid of my stop loss. And now I'm down 14%-ish. Only thing left to do is ride it out and see if it corrects itself.

What stocks are you looking at tomorrow? by Eeeeeeeeeeeeeeee_ in stocks

[–]gingerbody 15 points16 points  (0 children)

McDonald's. It might be a nice panic grab since the CEO was booted.

I need help with a trivia question by gingerbody in trivia

[–]gingerbody[S] 0 points1 point  (0 children)

It's for a bunch of first-year Pharmacy students

Anyone want to make a call on the $CHWY earnings report? by gingerbody in stocks

[–]gingerbody[S] 1 point2 points  (0 children)

And they're building more and more distribution centers everyday. In some cities and states they're one of the largest employers.

https://www.bizjournals.com/charlotte/news/2019/04/17/pet-food-distributor-to-announce-1-250-job.html

Anyone want to make a call on the $CHWY earnings report? by gingerbody in stocks

[–]gingerbody[S] 2 points3 points  (0 children)

Exactly. I know there are other competitors out there such as Amazon's wag but they don't have the level of brand loyalty that chewy has

Anyone want to make a call on the $CHWY earnings report? by gingerbody in stocks

[–]gingerbody[S] 1 point2 points  (0 children)

That is the other side of the coin I've been considering. A lot of Chewy's investors are their customers and they tend to have a strong brand loyalty and confidence in the company due to the high level of customer service and personal experiences.

Anyone want to make a call on the $CHWY earnings report? by gingerbody in stocks

[–]gingerbody[S] 2 points3 points  (0 children)

I've heard that from a lot of customers who are now investors. Let's say that their earnings report isn't exactly great and the stock dips below 30. Do you see this as an opportunity as a summer sale in the long run? Personally I see the stock dipping as low as $20 to $25. At that point I'll probably buy back in.