2 Stocks to Skip, Plus 1 Promising Pick

Crowdstrike and Bed Bath & Beyond are sitting at multi-year lows

Digital Content Manager
Jan 5, 2023 at 12:42 PM
facebook twitter linkedin


Investors are keeping a close eye on the market today, as hope for a New Year's rally begins to dwindle. There are three names in particular, though, that have caught our eye: American auto manufacturer Ford Motor Company (NYSE:F), embattled home goods retailer Bed Bath & Beyond Inc (NASDAQ:BBBY), and cloud-based software name Crowdstrike Holdings Inc (NASDAQ:CRWD)

Ford Reports 3.2% Jump in December Sales

Ford stock is brushing off today's selloff, last seen up 1.7% at $12.22, following the company's December sales report. Ford posted a 3.2% year-over-year rise in sales last month. This number was helped by electric vehicle sales, which saw a 222.6% jump. The stock is currently rallying off a familiar floor at the $11 mark, though its 20-day moving average remains as potential resistance. 

Bed Bath & Beyond Plunges Deeper Into Penny Stock Territory

Shares of Bed Bath & Beyond shed almost a quarter of their valuation this afternoon -- last seen down 24.9% at $1.81 -- after warning that it could soon run out of cash and is now considering bankruptcy. The retailer said worse-than-anticipated sales are a driving factor, and it's now exploring several financial channels. The stock is trading at its lowest level in over 30 years, and now suffers an 86.5% year-over-year deficit. 

Crowdstrike Hit With Bear Notes 

Software concern Crowdstrike just posted weak sequential key metrics for its fourth quarter, leading several analysts to throw in the towel. No less than three analysts slashed their price targets. Jefferies lowered its price estimate to $120 from $175, and downgraded the stock to "hold" from "buy." The 12-month consensus price target of $179.32 still sits at a lofty 86.2% premium to current levels. Meanwhile, all but two of the 34 analysts in coverage called CRWD a "buy" or better, heading into today. The security was last seen down 9.1% at $94.91, sitting at its lowest level since August 2020. 

 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners