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Trade Idea: This stock could make a splash
Serge Berger, better known as "The Steady Trader", is looking at Bed Bath & Beyond. He says as US equities continuing to rise he continues to favor individual stocks.
While many furnishing companies have moved higher over the past few weeks, Bed Bath & Beyond has consolidated and he is looking for it to breakout.
He will be buying above USD 78.70, with a stop at USD 77 and has a target of USD 82.
The company has a market cap of USD 16.472 billion and a price-to-earnings ratio of 16.26. In the second quarter Bed Bath & Beyond (NASDAQ:BBBY) reported USD 1.16 earnings per share for the quarter and revenue of USD 2.82 billion - up 8.9 percent compared to the same quarter last year.
Analysts expect that Bed Bath & Beyond will post USD5.01 EPS for the current fiscal year.
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00:54 minutes
Tags: bath, bed, bed bath & beyond, dollar, equities, equity market, fiscal year, furnishing companies, furniture, furniture business, home, home decor, investing, investment, nasdaq, profit taking, saxo bank, saxo tv, serge berger, shower, stock market, stocks, trade idea, trader, trading, trading risks, us equities, us stocks, usd