7 Basic Materials Stocks to Buy to Anchor Your Portfolio
The movement of basic materials stocks requires investors to keep a keen eye on the state of the economy to determine profitability. Raw materials such as plastic, steel, and lumber will always be in demand. Here are 7 stocks to take advantage of the growing demand!
By clicking the link above you will automatically opt-in to receive emails from FinStrategist
Shares Stats
| Shares Outstanding | 121,215,000 |
| Shares Float | 108,787,061 |
| Shares Short | 25,458,205 |
| Insider Holdings | 576% |
| Institution Holdings | 117.88% |
About Bed Bath & Beyond Inc
Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products. It also provides various textile products, amenities, and other goods to institutional customers in the hospitality, cruise line, healthcare, and other industries. As of February 29, 2020, the company had 1,500 stores, including 976 Bed Bath & Beyond stores in the United States and Canada; 261 stores under the names of World Market, Cost Plus World Market, or Cost Plus; 126 Buy Buy BABY stores; 81 stores under the Christmas Tree Shops, Christmas Tree Shops andThat! Names; and 53 stores under the Harmon, Harmon Face Values, or Face Values names. It also offers products through various Websites and applications, such as bedbathandbeyond.com, bedbathandbeyond.ca, harmondiscount.com, facevalues.com, christmastreeshops.com, andthat.com, buybuybaby.com, buybuybaby.ca, harborlinen.com, t-ygroup.com, worldmarket.com, personalizationmall.com, and decorist.com. In addition, it operates PersonalizationMall.com, an online retailer of personalized products; and Decorist, an online interior design platform. The company was founded in 1971 and is headquartered in Union, New Jersey.
General
| Name | Bed Bath & Beyond Inc |
| Ticker | BBBY |
| Exchange | NASDAQ |
| Sector | Consumer Cyclical |
| Industry | Specialty Retail |
| Currency | USD |
| Country | USA |
| Fiscal Year End | February |
| Full Time Employees | 55,000 |
Highlights
| Analyst Target | 27.96 |
| Market Cap | 3,707,966,976 |
| PEG Ratio | 0.66 |
| EBITDA | 289,068,992 |
Financials
| Curr Year EPS Estimate | -1.09 |
| Profit Margin | -0.02 |
| Return on Assets | -0.01 |
| Return on Equity | -0.14 |
| Revenue | 9,720,709,120 |
| Earnings Per Share | -1.82 |
| Revenue Per Share | 78.70 |
| Gross Profit | 3,541,660,000 |
| Quarterly Revenue Growth | -0.05 |
Valuation
| Forward PE | 21.19 |
| Price/Sales (Trailing 12 Mt.) | 0.34 |
| Price/Book (Most Recent Quarter) | 2.33 |
Earnings
Senator Grills Energy Secretary Granholm On Stock Ownership, Disclosures: 'This Is Institutionalized Corruption'
The stock trading activity of a government official led to a heated debate in a congressional hearing this week.
Alcoa Well-Positioned To Benefit From Positive Pricing Momentum, Analyst Says
Alcoa receives price target increase from analysts after beating earnings estimates. Alumina production and shipments expected to rise in FY24.
A.I. Pioneer Warns: "I thought we had more time..." - Ad
A radical new A.I. development is about to blindside millions of Americans. This early A.I. pioneer just issued an urgent warning explaining everything.
Legislation that could force a TikTok ban revived as part of House foreign aid package
WASHINGTON (AP) — Legislation that could ban TikTok in the U.S. if its China-based owner doesn’t sell its stake won a major boost late Wednesday when House Republican leaders included it in a package of bills that would send aid to Ukraine and Israel. The bill could be law as soon as next week if Congress moves quickly.
Stock market today: Asian shares gain despite Wall Street's tech-led retreat
Asian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500's worse losing streak since the start of the year.
Don't Buy NVDA Without Seeing This - Ad
Are you holding America's 2nd most popular stock? It could hurt your portfolio.
Cathie Wood's Ark Invest Continues To Shed Coinbase, Nvidia Shares
On Monday, Cathie Wood-led Ark Invest made significant trades involving Coinbase Global Inc. (NASDAQ:COIN) and NVIDIA Corp. (NASDAQ:NVDA). The COIN Trade
Soon To Be Acquired Cerevel Therapeutics Reveals High Level Data From Late-Stage Parkinson's Disease Study
Discover toplines results of Cerevel Therapeutics' Phase 3 TEMPO-3 trial for tavapadon in Parkinson's disease treatment. Statistically significant efficacy and safety findings were revealed.
Gold: Now Legal Tender - Ad
Most Americans missed this big story, but 1 in 5 states have now made gold and silver coins legal tender. It's just one reason why so many predict gold will soon hit $5,000. And why you need to check out this $5 strategy for gold immediately.
European Union official urges G7 to step up air defense for Ukraine and expand Iran sanctions
CAPRI, Italy (AP) — The European Union’s top diplomat urged Group of Seven foreign ministers on Thursday to take quick, concrete steps to provide more air defense systems to Ukraine, warning that continued delays could tilt in Moscow’s favor.
Average long-term US mortgage rate climbs above 7% to highest level since late November
LOS ANGELES (AP) — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months.
One Crypto Can Change Your Financial Life - Ad
The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.
As earnings season rolls into its heart, hopes rise for broader gains
NEW YORK (AP) — As the heart of earnings reporting season arrives on Wall Street, investors hope that many more voices will be joining the chorus of companies reporting stronger profits.
Top 3 Tech Stocks That May Explode This Month
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Breaking: A Global Gold Lockdown Is Now Underway... - Ad
All over the world, vaults are being emptied out by financial insiders. And soon, you may not be able to purchase gold -- at ANY PRICE... Period. Forty-year market veteran and former Goldman Sachs Vice President, Dr. David Eifrig, reveals what is happening behind the scenes in the gold market, and what you must do immediately to prepare.
A strong quarter for Wall Street lifts Goldman's first-quarter results
NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year.
Taiwan Bolsters 'Chip Diplomacy' With Canada And France Amid China Tensions
In a move to bolster its global standing, Taiwan has extended its 'chip diplomacy' to the Czech Republic, signing a tech pact with the U.S., Canada, France, and Germany in recent months.
Miracle Material Repairs Severed Spines? - Ad
Soon, severed spines will be repaired in a matter of days. These advancements, and so many more, are all possible thanks to just one new miracle material. A single investment that investors can use to capitalize on this entire tech revolution.
Elon Musk Reacts To NPR CEO's Remarks On Freedom Of Speech: 'Super-Powerful AI Programmed In This Way Has Severe Civilization-Level Risk'
Musk, the CEO of Tesla Inc and SpaceX, reacted to a post by venture capitalist Marc Andreessen on Wednesday, warning of the "civilization-level risks" posed by super-powerful AI.
Why Dragonfly Energy Shares Are Rocketing Premarket Tuesday
Dragonfly Energy shares surge premarket after reporting Q4 2023 results, with decreased sales and improved Adjusted EBITDA.
What Should You Be Doing To "A.I.-Proof" Your Retirement? - Ad
A.I. is creeping into every aspect of our daily lives... According to billion-dollar fund manager Louis Navellier, it's never been more important to A.I.-proof your wealth. He lays out three simple steps to take ASAP in his latest video.
Not only New York casinos threaten Atlantic City. Developer predicts Meadowlands casino is coming
ATLANTIC CITY, N.J. (AP) — Atlantic City casinos are facing threats on multiple fronts from new competitors not just in New York, but from within their own state.
EXCLUSIVE: How The Bitcoin Halving Could Transform The Market
The clock is ticking down to the next monumental event in the cryptocurrency world: the Bitcoin halving.
A Tech 7.5x Bigger Than the Internet Economy? - Ad
A new technology is about to go mainstream -- one Google's CEO has praised as more "profound" than fire or electricity.
LOCALIZE IT: Bird flu infects dozens of dairy cattle herds in several states
EDITORS/NEWS DIRECTORS:
Meta's newest AI model beats some peers. But its amped-up AI agents are confusing Facebook users
CAMBRIDGE, Mass. (AP) — Generative AI is advancing so quickly that the latest chatbots available today could be out of date tomorrow.
A.I. Pioneer Issues Urgent Warning to Americans - Ad
According to one early A.I. pioneer: "You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There's no middle option."
Tesla to ask shareholders to reinstate $55 billion pay package for Musk rejected by Delaware judge
AUSTIN, Texas (AP) — Tesla will ask shareholders to reinstate a compensation package for CEO Elon Musk potentially worth $55 billion that was this year and to move the electric car maker’s corporate home from Delaware to Texas.
Cannabis Summit Set To Shake Up Washington DC: Bipartisan Lawmakers, Industry Leaders Rally For Decriminalization On 420 Day Of Action
Discover how bipartisan leaders and grassroots activists unite in Washington, DC, for cannabis decriminalization. Join the movement now!
Elon Musk's "Project Dojo" Is a Game-Changer - Ad
Morgan Stanley predicts that Musk's latest act will boost Tesla's shares by 80% in the next 12 months. But if you want to profit from this development, you'll buy the firm that could see its sales explode by 829% as "Project Dojo" sweeps the nation.
Hard right makes hay with European farmers' anger ahead of June elections
ANDEREN, Netherlands (AP) — Inside the barn on the flat fields of the northern , Jos Ubels cradles a newborn Blonde d'Aquitaine calf, the latest addition to his herd of over 300 dairy cattle.
This Man, Who Never Went To University, Is Making $1.2M-A-Year At Deloitte At The Age Of 30
Ben Newton, a former apprentice at Deloitte, has achieved the feat of becoming a partner at the age of 30, earning $1.2 million a year.
The Most Valuable Material on Earth? - Ad
One of the Most Valuable Materials On EARTH 1200X more valuable than silver... 32X more valuable than platinum... And 16X more valuable than even gold! Today, almost anyone can tap into this material only if they know one special investment.
Cathie Wood's Ark Invest Sells $20M+ Coinbase Shares As Bitcoin Trades Over $70K, Buys Palantir, Sells Nvidia Stock
On Thursday, Cathie Wood’s Ark Invest made significant trades involving Coinbase Global, Inc. (NASDAQ:COIN), Palantir Technologies Inc. (NYSE:PLTR), and Nvidia Corp.
Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others
NEW YORK (AP) — Amazon wants the public and - especially other businesses - to know it’s not giving up on its .
Buy This A.I. Stock Before Elon's "A.I. Day" on May 16 - Ad
Luke Lango is now recommending this little-known A.I. stock because it could supply Elon Musk with a critical piece of infrastructure for his new A.I. venture, something Luke is calling "Elon's A.I. 2.0". Once Elon reveals it on May 16, you may have missed the biggest gains.
Worldcoin Announces Plans For A 'World Chain' Layer-2
Worldcoin (CRYPTO: WLD), a biometric data-based identification platform, has announced plans to launch a Layer-2 solution named ‘World Chain’ later this
Nvidia Robotics Expert Praises Tesla FSD's 'Human-Like Maneuvers' As Magical
Tesla's latest FSD feature has impressed users like Nvidia employee Yuke Zhu who called it 'magical'. Tesla has made FSD more accessible with price cuts and free trials.
Bill Gates Is Raving About WHAT?! - Ad
The legendary Microsoft founder says that this tech "will be as revolutionary as the personal computer." It could create a new generation of millionaire investors by the end of the decade.
Donald Trump Argues 'Political Prosecution' Before Jury Selection In New York Trial: 'Judge Not Going To Allow Me To Escape This Scam'
Recapping the wild first day of the criminal trial against former President Donald Trump. Key highlights and why some jurors were dismissed.
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.