pet stocks

Are These The Best Pet Stocks To Buy In The Stock Market Today?

This year has been a tricky one for pet stocks. Pet stocks related to companies selling retail products have been affected negatively as a result of the pandemic. While on the other hand, e-commerce pet companies have been performing extremely well. This is due to people choosing to shop online rather than actually going to the pet store. Companies like eBay (EBAY Stock Report) and Amazon (AMZN Stock Report) have seen the benefits of being some of the top e-commerce stocks to watch in 2020.

During these dark times, people have still needed to buy pet food, toys, medicine, and more. Pet medicine is also very important, which has allowed those companies to increase in the stock price as well. It is important to keep our furry friends happy and safe while at home, so people are still in demand for these pet products. For this reason, many pet stocks have increased in stock price or even reached new record highs in the stock market. Let’s see which pet stocks are trending in the market as we reach the end of October.

Read More

Top Pet Stocks To Buy [Or Sell] In November 2020: Chewy Inc.

The first pet stock to watch on this list of companies is Chewy Inc. (CHWY Stock Report). Chewy operates as an online pet store that makes online shopping for different animal-related products a breeze. This means that consumers have been able to order things like pet food and toys with ease during the quarantine. In 2019 Chewy was valued at $10.2 billion, just 8 years after the company’s conception. Chewy is partially owned by PetSmart who has a 63.5% stake in the company. So let’s look at the recent news that has come from this large pet corporation.

best ecommerce stocks to buy (CHWY stock)

On September 10th, the company released its second-quarter financial results. Its net sales increased by 47% to $1.7 billion. This caused its stock price to go up a lot. As e-commerce grows, the Chewy brand continues to grow as well. The company is making proper investments and moves to continue growing the company and brand. This has caused a large increase in CHWY stock price throughout the year. In fact, CHWY stock price is at $67 a share as of October 27th compared to $29 a share back in January.

This big increase is due to consistent and growing e-commerce sales that have propelled its business to the next level. This has allowed PetSmart to keep a significant amount of profit coming in as well, despite losses of income due to being a retail operation in 2020. With many new customers making purchases at the Chewy brand, it is targeted for more growth in the future. That is why Chewy and CHWY stock have made this list of the top pet stocks to buy or sell.

Top Pet Stocks To Buy [Or Sell] In November 2020: Zoetis Inc.

Next up on this list of pet stocks to buy or sell is Zoetis Inc. (ZTS Stock Report). Zoetis is a pet company that focuses on the discovery, development, manufacturing, and commercialization of animal health medicines, vaccines, and diagnostics. It operates in the United States and internationally, serving many species like livestock, companion animals, and more. Its vaccines are offered to prevent respiratory, gastrointestinal, and reproductive issues in these animals. So let’s take a look at what advancements this company has been able to make in 2020, which has resulted in the increase of ZTS stock price.

best pet stocks (ZTS stock)

Well for one, Zoetis plans on reporting its third-quarter 2020 financial results on the 5th of November 2020. This is one way to get investors excited, as it could potentially report positive results. Zoetis will also be participating in the Credit Suisse 2020 Virtual Healthcare Conference that is taking place on November 10th, 2020.

The company, which sells its products in more than 100 countries, has been experiencing positive growth in 2020. This year, ZTS stock has gone from $133 a share to $162 a share as of October 27th. That is why ZTS stock and Zoetis are on this list of pet stocks to watch. Will Zoetis report positive news on the 5th? Nobody knows yet, but we will report on that once the information comes out.

[Read More] Are These The Best Financial Stocks To Buy Right Now? 3 To Watch

Top Pet Stocks To Buy [Or Sell] In November 2020: Freshpet Inc.

Last up on this list of the 3 top pet stocks to buy or sell is Freshpet Inc. (FRPT Stock Report). Freshpet Inc. is a pet company that has a primary focus on manufacturing and marketing a variety of products. These products include natural fresh products, refrigerated meals, and treats for dogs and cats. Its products are sold in the United States, Canada, and the United Kingdom. The products it sells are under the Freshpet, Dognation, and Dog Joy brands. Let’s dive into the company’s recent news in 2020.

top pet stocks to watch (FRPT stock)

Back in Freshpet’s second-quarter results released in August 2020, it reported a sales increase of 33.2% to $80 million. It also reported a net income of $0.2 million vs. a net loss of $5.7 million in the previous year. It is clear that this company has been able to grow significantly in 2020.

The CEO of Freshpet, Billy Cyr said, “When the COVID crisis struck in March, our team quickly pivoted to address the changing environment and that enabled us to deliver very robust results – with the second quarter reflecting our strongest sales growth in years and we converted that growth into a sharp improvement in our bottom line.”

The company has now shifted its focus on the safety and wellbeing of its employees, and as a result, rebuilt its supply and replenished its stores. This has allowed consumers to have easier access and more product choices from Freshpet than ever. It will be interesting to see what is to come for this pet company. On November 2nd, it will be reporting its third-quarter results for 2020. That is when FRPT stock may move higher next. For now, this pet stock is up to $117 a share as of October 27th from $60 a share back in January 2020.

Sign up for our FREE Newsletter and get:

  • Stock Alerts And Ideas
  • Learn to Trade Stocks & Options
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 |

Notify of
Inline Feedbacks
View all comments
You May Also Like