Why Bed Bath & Beyond, Veritone, and Southwestern Energy Jumped Today

Stocks continued to move up on Tuesday, adding to the previous day's gains as favorable market conditions persisted. News from Hurricane Irma's aftermath was generally consistent with initial estimates, and the apparent stabilization of the geopolitical situation between the U.S. and North Korea had investors less concerned about the potential for provocation from either side. Major benchmarks were generally up between a quarter and a half percent, but some stocks benefited to an even greater extent from the favorable environment. Bed Bath & Beyond (NASDAQ: BBBY), Veritone (NASDAQ: VERI), and Southwestern Energy (NYSE: SWN) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.

Shares of Bed Bath & Beyond climbed 5%, continuing their bounce from the eight-year lows they set late last month. The household goods retailer has been a victim of competition from the e-commerce arena, seeing its profits deteriorate in each of the first two quarters of the year. Traffic within its stores has been on the decline, and Bed Bath & Beyond hasn't been entirely successful in retaining customers through its own online shopping portal. Some investors nevertheless believe that the retailer is a good candidate for a takeover bid or could otherwise exceed the extremely low expectations that investors have for the company, and that seems to be motivating today's gains. Shareholders will get a better reading later this month when Bed Bath & Beyond reports its most recent quarterly financial results.

Image source: Bed Bath & Beyond.

Source: Fool.com