S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
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Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
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Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The 3-Stock Retirement Blueprint (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The 3-Stock Retirement Blueprint (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
The 3-Stock Retirement Blueprint (Ad)
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike

With Bed Bath & Beyond, the Fireworks May Just Be Starting

With Bed Bath & Beyond, the Fireworks May Just Be Starting

Which is the real Bed Bath & Beyond (NASDAQ: BBBY)? Is it the stock that dropped over 20% on September 30 after releasing disappointing earnings and even more discouraging guidance? Is it the stock that at the onset of the pandemic was in penny stock range? Or was it the stock that for most of 2021 has been trading at levels not seen in four years?  

I’ve been skeptical of BBBY stock all year. The reason is simple. On two separate occasions in 2021, retail investors made Bed Bath & Beyond part of the meme stock movement. In February it soared to over $50 a share. Then in June, it went over $40 a share. Even if it wasn’t well established that Bed Bath & Beyond was a favorite of the meme stock crowd, it wouldn’t be a great leap to figure it out.  

However, on two occasions in the last five years, BBBY stock has been trading far lower than it is today. In fact, prior to the pandemic, the stock had been in a steady multi-year decline. 

So that takes me back to the question I started with, which stock price reflects the real value of BBBY stock? Until that answer becomes clear, it’s best to stay away. 

Let the Games Begin 

According to one source, institutional ownership for BBBY stock is 82%. And MarketBeat shows that institutional investors did a lot of buying in the second quarter. That leads me to believe that the “smart money” was short selling. I can’t prove that. But hedge funds and other investment banks aren’t in the business of losing money. So you have to wonder why all those shares were being purchased when there had to be at least some concern that Bed Bath & Beyond was going to put out a stinker of a report.  


And it did happen. So what happens next? I’ve been looking at the chat rooms today and there is some thought that a short squeeze may be in the works. Maybe it will, maybe it won’t. What seems clear is that retail investors haven’t lost interest in the stock. Which could mean that BBBY stock will have some pep in its step.  

Whether it should or not is another story.  

What Has Changed? 

When I look at the BBBY stock price chart, I’m struck by the fact that after a clunker of an earnings report the company is trading higher tonight than it did for most of 2019 and 2020. And strictly from a technical perspective BBBY stock is looking oversold.  

But I’m still going to be skeptical at this point. Based on the company’s revenue and earnings alone, I believe the stock should more accurately be valued closer to where it was two years ago. That would put the stock price somewhere in the $10 range. 

The analyst community hasn’t weighed in yet. But it won’t surprise me to see BBBY stock endure multiple downgrades in the next couple of weeks.  

But as we’ve learned in 2021, when you’re a meme stock the fundamentals really don’t matter. Retail investors have led this rally and its retail investors that will have to pick up the baton now that the stock has fallen from those heights.  

I call this recent trend towards moving a stock higher or lower pretty much absent fundamentals the gamification of stocks. I can’t say it’s ineffective because many traders have made good money. If that fits your risk tolerance, there may be a trade here. But can I say that BBBY stock is a worthy investment? I think it would have to fall much further before I’m willing to take that bet.

7 Reddit Stocks to Buy in 2023

When individuals think about Reddit stocks, it's not surprising that GameStop (NYSE:GME) and AMC Entertainment  (NYSE:AMC) come to mind. These two stocks were the poster children of the “meme stock" movement in 2021. And they weren't alone. There are a number of speculative stocks that are trending in the social media forum.

The Reddit community, however, is interested in more than low-priced stocks. To be clear, penny stocks still draw a lot of interest from the Reddit crowd. But this is a diverse group of investors. In fact, many of the trending Reddit stocks are companies that are in the portfolio of many retail and institutional investors.

That's why it's worth paying attention to the stocks that are popular with Reddit investors. That's the purpose of this presentation. Here are seven stocks that appear to be sound investment choices for 2023. All of these stocks currently have a consensus analysts rating of Hold or better.

View the Stocks Here .

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Bed Bath & Beyond (BBBY)
1.7305 of 5 stars
$3.60+1.7%N/A-0.26Reduce$5.13
Compare These Stocks  Add These Stocks to My Watchlist 

Chris Markoch

About Chris Markoch

Contributing Author: Retirement, Individual Investing

Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.

Contact Chris Markoch via email at CTMarkoch@msn.com.