Bed Bath & Beyond jumps 12% as meme stock revival continues
The retail trading frenzy around Bed Bath & Beyond is not slowing down.
Shares of the company were up more than 12% on Monday morning, bringing its August gains to nearly 200%.
There have already been nearly 50 million shares of the stock traded today, according to FactSet. From April to June of this year, Bed Bath & Beyond had zero trading days with that much volume.
Many large funds have bet against Bed Bath & Beyond. Nearly half of the company’s stock is sold short, according to FactSet.
— Jesse Pound
The odds of a soft landing are increasing, Credit Suisse’s Golub says
The recent market rally has further room to run, Credit Suisse’s Jonathan Golub told CNBC’s “Squawk on the Street” on Monday.
Technology shares and highly shorted names continue to win at this moment in time and those are the stocks that typically do well coming out of a recession, Golub said.
“I believe this…