Belonging to the coveted Zacks Rank #1 (Strong Buy) list, several stocks are standing out after these companies were able to impressively exceed their first quarter top and bottom-line expectations on Wednesday.
Should investors be excited or worried when a stock crosses above the 200-day simple moving average?
Shares of Chewy (CHWY) are jumping following the company's latest earnings report, which saw its automated deliveries grow by 6.4% year over year. Chewy CEO Sumit Singh joined Yahoo Finance Executive Editor Brian Sozzi to discuss the "normalization" he observes in the pet industry, highlighted by demand tailwinds and more balanced pet adoption rates. Josh Lipton and Julie Hyman break down the company's first quarter earnings beat and highlight reasons to remain cautious. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy