Why Bed Bath & Beyond Stock Popped Today
Shares of Bed Bath & Beyond (NASDAQ: BBBY) jumped more than 10% on Thursday following a string of strong earnings results from its fellow retailers. As of 1:15 p.m. EDT, shares were up 9%.
Retailers received some good news earlier in August when President Trump delayed some tariffs on Chinese imports to avoid a potential negative impact on the all-important holiday shopping period. "We're doing this for the Christmas season," Trump said at the time. "Just in case some of the tariffs would have an impact on U.S. customers."
The good times continued in the days that followed when retailers such as Walmart, Target, and Lowe's Companies reported better-than-expected earnings results. And today, BJ's Wholesale Club is seeing its shares surge after it, too, delivered earnings that exceeded Wall Street's estimates.
Source Fool.com
