Today's Top 5 Overvalued Stocks

By taking advantage of timing, you can position yourself for a massive windfall or avoid potential losses. Today we look at the top 5 overvalued stocks that analysts expect to drop in price.

By clicking the link above you will automatically opt-in to receive emails from ActivaTrade

Bed Bath & Beyond Is Done. What's The Next Meme Stock? This Former Hedge Funder Has One Guess

Chris Katje
August 19, 2022

Strong interest in “meme stocks” is happening once again of late with retail investors circling Reddit, Discord and Twitter to find which stocks have strong interest and sentiment and could see short squeezes.

Here’s a look at one potential candidate.

What Happened: GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings (NYSE:AMC) led a wave of meme stocks and new investors in 2021 with David vs. Goliath battles between investors and hedge funds.

Bed Bath & Beyond (NASDAQ:BBBY) saw rise in interest and was labeled as the next GameStop and AMC by some with parallels seen from a large stake by activist investor Ryan Cohen, who also owns a sizable stake in GameStop.

With Bed Bath & Beyond seeing its rally over and Cohen exiting the stock, the question turns to what the next meme stock could be.

Some investors are pointing to outdoor cooking company Weber Inc. (NYSE:WEBR).

See Also:

Can Weber Rally Continue?: Shares of Weber are up 20% over the last five days and up 12% in the last month.

Interest in the name has been picking up on Reddit’s r/wallstreetbets and elsewhere.

Former hedge fund manager Will Meade also made the case for Weber to be the next Bed Bath & Beyond. Meade cites Bed Bath & Beyond being a known retail brand, having high short interest, counting Microsoft Corporation (NASDAQ:MSFT) co-founder Bill Gates as an investor as reasons for the thesis.

Data from Fintel shows that Weber has 55.2% of its float short and a cost to borrow of 39.3%. This makes the stock rank ninth at the time of writing on its short squeeze leaderboard. The short interest in Weber ranks second highest of the top ten squeeze candidates and fourth highest overall according to the site.

Weber has previously been featured as a top five short squeeze candidate on Fintel in February and June.

Recently, Benzinga highlighted Weber as a short squeeze candidate to watch.

“Outdoor cooking company Weber Inc has been a former stock in the top five and is nearing a return to the top of the leaderboard. The company moved up 31 places to 13th place,” Benzinga reported.

The Bill and Melinda Gates Foundation own 2.5 million shares of Weber according to filings.

Weber, which had its initial price offering in August 2021, reported third quarter revenue of $528 million. Revenue was down 21% year-over-year, but came in ahead of analyst estimates of $526.2 million.

Weber outlined a cost management plan to help manage cash flows, preserve liquidity and expand gross margins. The plan is expected to result in a cash benefit of $110 million in fiscal year 2023.

“Our third quarter performance reflects the margin pressures we are experiencing as a result of global headwinds in our current operating environment. To strengthen our financial position for fiscal 2023 and beyond, we are introducing a comprehensive cash flow and cost management plan,” Weber interim CEO Alan Matula said.

WEBR Price Action: Weber shares are down 12% to $8.77 on Friday. Shares closed up 26% to $10 on Thursday.

Bed Bath & Beyond Is Done. What's The Next Meme Stock? This Former Hedge Funder Has One Guess

Grains mixed, Livestock mixed.

CHICAGO (AP) — Grain futures were mixed Monday in early trading on the Chicago Board of Trade. Wheat for Sep. was up 3.50 cents at $5.84 a bushel; Sep. corn was off .75 cent at $4.7550 a bushel; Dec. oats rose 10.75 cents at $4.3575 a bushel; while Nov. soybeans fell 11.75 cents at $12.8775 a bushel.

Top 2 Energy Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Will This New AI Replace AI as We Know It? - Ad

Experts predict that as early as October 8, ChatGPT could be replaced by a new AI that's thousands of times more powerful... something that could cause tech stocks like Microsoft, Google, and NVIDIA to double -- maybe even triple -- in price in the months ahead.

Holding NVDA? Read This Now - Ad

NVDA is likely not the best buy for A.I. investors. 50-year Wall Street veteran Marc Chaikin reveals what to buy instead.

HP, QUALCOMM And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed higher on Wednesday. Investors, meanwhile, focused on some notable insider trades.

A Huge Mistake by Joe Biden - Ad

Biden's blunder will soon cost good Americans EVERYTHING. This mistake has kicked off what I believe will be the biggest wealth transfer in the history of our nation. Most will lose, but a few will gain.

A Bargain Bet On Oil: While Oil Itself Is Overbought, This Attractive Oil & Gas Company Is Oversold

Overbought Oil  In yesterday's post ("10 Things You Need To Know About The Oil Rally"), The Market Ear pointed out that oil's RSI (Relative Strength Index) indicated the commodity was a bit overbought: 

Legendary Wall Street Experts Make Big Prediction for 2023 - Ad

For investors, this may be the biggest opportunity you'll see in your lifetime. (HINT: An unusual way for you to hop on board the fast-moving AI gravy train.)

AI Is Expected To Fuel Up Micron's And Intel's Turnaround

While the memory chip market has been weak, Deutsche Bank’s Sidney Ho upgraded Micron Technology Inc (NASDAQ: MU) stock upon signals that AI is providing the much-needed lift. 

An Airbnb, Vrbo or other rental host ghosted you. Now what?

Lauren Gumport was en route to a vacation on the island of Chios, Greece, in July, where she was set to stay in an Airbnb for five nights with her best friend.

Biden's 2022 Mistake to Cost Him Election? - Ad

In February 2022, Joe Biden made the most dangerous mistake any President has made in the past 150 years. If it all plays out like I'm predicting, Biden's blunder will soon cost good Americans EVERYTHING.

Kroger agrees to pay up to $1.4 billion to settle opioid lawsuits

One of the nation's largest grocery chains is the latest company to agree to settle lawsuits over the .

The No. 1 AI-Powered Stock of the Decade - Ad

No, it's NOT ChatGPT... (It's not Microsoft, Google, NVIDIA, or any of the other big players you've likely heard about either!) It's a tiny sub-$5 stock!

Bob Ross' First Artwork From 'The Joy Of Painting' On Sale For $9.8 Million

The art world is abuzz as a historic piece of art crafted by the legendary Bob Ross during his television debut is up for sale.

Delta Air Lines will restrict access to its Sky Club airport lounges as it faces overcrowding

Delta Air Lines passengers who have long enjoyed access to free meals, alcohol and a quiet place to relax before their flight are in for some major cutbacks in coming years.

New Gold-Backed Currency Could Kill the Dollar - Ad

Rumors are circulating of a new currency that will be backed by gold. A huge story, if true. And while it's impossible to know how it will pan out, there's one important move you should make right now, before this happens. It's the best way to protect your wealth today. Because if you're not careful, YOU could be the one who pays the price.

High-speed trains begin making trip between Orlando and Miami

ORLANDO, Fla. (AP) — A privately owned launched Friday between Florida's two biggest tourist hubs.

We Could Be Less Than 3 Months Out From an AI Superevent - Ad

There's a major event coming as soon as three months from today that could cause expensive tech stocks like Microsoft, Google, and NVIDIA to double or triple in price in the months ahead. Don't go all in on big tech before you have all the details.

TradeUP, FedEx, Marathon Digital, Enovix, Tesla: Why These 5 Stocks Are On Investors' Radars Today?

The stock market witnessed a mix of optimism and caution. The Federal Reserve's decision to maintain the key overnight interest rate unchanged was the main news of the day.

The Military Is Handing You This Win - On a Silver Platter - Ad

The Ukraine war isn't being won just by its soldiers, it's being won by software. This "living software" has been such a difference-maker, the U.S. Army just signed a $1 billion contract with the company.

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for October delivery fell 92 cents to $90.28 a barrel Wednesday. Brent crude for November delivery fell 81 cents to $93.53 a barrel.

Shibarium's Blockchain Technology Brings Sizzle To Fast Food Industry

Shiba Inu's (CRYPTO: SHIB) Shibarium on Wednesday announced it has teamed up with Italy-based fast food franchise Welly to enhance the dining

Forget Other AI Trades, Do This - Ad

There's a completely different AI investment almost no one is talking about. It's not big tech, it's not an overpriced chip company, it's not even a digital asset.... and what's really surprising is how this little-known sector is dramatically less risky than AI startups.

This is what it's like to maintain the US nuclear arsenal

KANSAS CITY NATIONAL SECURITY CAMPUS, Mo. (AP) — The U.S. will spend more than $750 billion over the next decade to revamp nearly every part of its aging nuclear defenses. Officials say they simply can't wait any longer — some systems and parts are more than 50 years old.

Judge Slams Trump's Attorneys In $250 Million Fraud Case: 'I Thought That Was A Joke'

On Friday, a New York judge showcased his exasperation with Donald Trump's defense team while contemplating sanctioning them for presenting frivolous arguments in a $250 million civil lawsuit against the former president. 

Advisor to FBI: Sell META Now - Ad

Stocks just keep going up. But all isn't what it seems, according to an FBI and Pentagon advisor. Find out what he knows, here.

The auto workers strike will drive up car prices, but not right away -- unless consumers panic

DALLAS (AP) — Car shoppers are heading for a new round of sticker shock if the strike by the United Auto Workers doesn’t end soon, particularly for popular vehicles that are already in short supply.

Kicking Yourself for Missing Out on Bitcoin? - Ad

Don't worry. One expert is saying another coin has 20X the potential of bitcoin. And with cryptos heating up, it could be the perfect time to get in.

The Versailles Palace celebrates its 400th anniversary and hosts King Charles III for state dinner

PARIS (AP) — France is rolling out the red carpet for at one of its most magnificent and emblematic monuments: the Palace of Versailles, which celebrates its 400th anniversary.

FTX attorneys accuse Sam Bankman-Fried's parents of unjustly enriching themselves with company funds

DOVER, Del. (AP) — Lawyers for collapsed cryptocurrency exchange FTX Trading have filed a lawsuit accusing the parents of Sam Bankman-Fried of exploiting their influence over their son and the company he founded to enrich themselves by millions of dollars.

3 Months Out from Major AI Event? - Ad

There's a major event coming as soon as 3 months from today... That's according to one of the world's top AI scientists, who provides AI research to employees at Google, Microsoft, Tesla, Lockheed Martin, IBM, and Amazon. This two-time hedge fund manager lays it out in plain English.

Top warming talks official hopes for 'course correction' and praises small steps in climate efforts

NEW YORK (AP) — A top official helping to oversee upcoming international climate negotiations hopes to prove critics wrong — and surprise them with a “course correction” for

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Privacy Policy | Terms of Service