Why Chewy Stock Crushed It in April
Many investors spent April worrying about the effect of the still-fresh tariff war on their holdings. To hedge against this concern, they sought out stocks considered to be relatively well insulated from possible sudden price spikes of materials and components made abroad.Enter Chewy (NYSE: CHWY), the next-generation pet food and supply specialist. Chewy fit the profile of a solid, domestically oriented company, and investors piled into the stock. It exited April with an over 15% gain across the month.What helped enormously with the narrative that Chewy is a fine hedge was that it was promulgated during the month by several analysts tracking the company.Continue reading
Many investors spent April worrying about the effect of the still-fresh tariff war on their holdings. To hedge against this concern, they sought out stocks considered to be relatively well insulated from possible sudden price spikes of materials and components made abroad.
Enter Chewy (NYSE: CHWY), the next-generation pet food and supply specialist. Chewy fit the profile of a solid, domestically oriented company, and investors piled into the stock. It exited April with an over 15% gain across the month.
What helped enormously with the narrative that Chewy is a fine hedge was that it was promulgated during the month by several analysts tracking the company.
