Bed Bath & Beyond Once Again Drives Entrepreneur Index™ Higher

The retailer reports earnings after market close.


3 min read

Opinions expressed by Entrepreneur contributors are their own.


Retailer Bed Bath & Beyond (BBBY) will report financial results after the market closes today and they will almost certainly be bad. Analysts expect a ten percent decline in sales and a 25 percent drop in earnings for the quarter.

The stock, however, continues to rise, jumping 5.09 percent today — the biggest gain on the Entrepreneur Index™. In fact, BBBY has had the biggest gain on the index three times in the last week and is up a staggering 71.5 percent so far this year. Investors are clearly betting on improvement. Since a trio of activist investors targeted the company for action two weeks ago, the shares are up 39.9 percent.

The rest of the market was generally positive across all sectors with a late pop from positive U.S.-China trade news pushing the indexes to modest gains. The S&P 500 and Nasdaq Composite indexes were up 0.35 percent and 0.69 percent respectively while the Dow was up just 0.03 percent.

With BBBY leading the way, the Entrepreneur Index™ was up 0.83 percent. Only eight of sixty stocks on the index declined today.

Three of the four FAANG technology stocks on the index were up. Netflix, down 0.22 percent, was the only one to decline. Salesforce.com (2.08 percent) and NVIDIA Corp. (1.5 percent) had the biggest gains in the sector. Twitter, down 1.11 percent, had the biggest loss.

Drug-makers Regeneron Pharmaceuticals, up 3.16 percent, and Alexion Pharmaceuticals, up 2.65 percent, had good gains after two-day declines. Alexion set a 52-week high in the process. Clothing-maker Under Armour Inc. also bounced back 3.09 percent from a nearly five percent decline yesterday.

Other good gains on the index were posted by Franklin Resources (2.1 percent), Estee Lauder Companies (1.63 percent), Hess Corp. (1.31 percent) and Ford Motor Co. (1.3 percent). The REIT sector was also generally strong. SL Green Realty Corp., up 1.97 percent, and Kimco Realty Corp., up 1.65 percent, had the biggest gains in the sector.

While only ten stocks on the Entrepreneur Index™ had gains yesterday, only eight had losses today. Twitter had the biggest decline, falling 1.11 percent, followed by food-maker J.M. Smucker Company, down 0.34 percent.

Earnings season kicks into a higher gear next week with major banks reporting results.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.

Source

more recommended stories

  • Keep Your Browsing Data Private With This VPN

    Surfshark VPN is a lightning-fast security.

  • Can You Still Make Money Dropshipping in 2019?

    The short answer is no. April.

  • Get Proficient With Google Analytics and Improve Your Earning Potential

    This two-day course will have recruiters.

  • How This Croatian Basketball Player Made His NBA Dream Come True

    Ivica Zubac, center for the Los.

  • How to Measure Performance of Your Outsourced Developers

    Focus on the outcome, not the.

  • 5 Reasons Why Kindness Has Become the Key to My Happiness, Both in Business and in Life

    One small act of kindness, even.

  • Why Your Stomach May Hold the Key to Your Mental Performance

    Don’t just blame your apathy or.

  • Learn How to Make Smarter Real Estate Investments

    These expert-led classes guide you through.

  • Strong Retail Sales and Corporate Earnings Results Boost Entrepreneur Index™ and Confidence in the Economy

    The Entrepreneur Index™ posted a modest.

  • Mitch McConnell Is Positioning Himself as the Champion of the U.S. Hemp Industry

    The Senate Majority Leader sees hemp.

  • An Argument for Farming Hemp

    U.S. agriculture has seen better days,.

  • Entrepreneur Index™ Down as Medicare-for-All Idea Rattles Healthcare Stocks

    The healthcare industry, normally a defensive.

  • 10 Time Management Tips That Work

    Are you working on clock time.

  • How This Entrepreneur Is Improving Women’s Health

    This non-profit is testing new strategies.

  • Netflix Surges Before Earnings Report and Pushes Entrepreneur Index Higher™

    Meanwhile, the real estate investment trust.

  • Tax Audits Are on the Rise. Here’s Why You Shouldn’t Freak Out.

    Don’t panic, a letter from the.

  • Green Entrepreneur’s New Podcast Will Make You Smarter About the Cannabis Business

    The weekly show features in-depth interviews.

  • Alibaba’s Billionaire Founder Jack Ma Says Companies Forcing Staff to Work Overtime Are ‘Foolish’

    He was responding to a debate.

  • How This Entrepreneur Used CrossFit to Build a Business

    This Entrepreneur won the 2008 CrossFit.

  • How to Negotiate the Price of a Pricey Premium Domain

    Buying a domain at the asking.

  • This Guide Can Help You Shed Your 9-to-5 and Become Your Own Boss

    Shape your own path as an.

  • Do You Have Trouble Sleeping? If So, This Might Help.

    Lack of sleep can affect your.

  • This Leader Says That 4 Words Changed His Life

    April 13, 2019 1 min read.

  • Boost Your Website’s Visibility With This SEO Course

    April 13, 2019 2 min read.

  • Strong Earnings and Big Oil Deal Push Stock Prices Higher

    Oil producer Hess Corp. helps the.

  • How to Monetize Your Podcast

    Gary Coichy, the Founder and CEO.

  • Why Is There No Green in the Garden State?

    Despite wide support by New Jersey.

  • Tesla Shares Down After Gigafactory Expansion Put on Hold

    Plus, Bed Bath & Beyond plummets.

  • Why Can’t Cops Tell Them Apart?

    Both plants are cannabis, but there.

  • Amazon Employees Call for a Company-Wide Climate Change Plan

    This doesn’t guarantee that Bezos and.

  • 3 Tips for Getting Emails Noticed, Opened and Read (60-Second Video)

    Here’s how to make your messages.

  • No to Casinos, Yes to Cannabis

    Faced with hard times, Bristol, Virginia.