Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

This Is My Top Growth Stock to Buy in September

TheMotleyFool

0 0

This Is My Top Growth Stock to Buy in September

Chewy's (NYSE: CHWY) underperformance in the stock market so far in 2021 seems a tad surprising, given the impressive growth in its business. Share prices of the online pet retailer have dropped more than 18% this year, driven mainly by a negative perception of the company's prospects in a post-pandemic scenario.

There have been concerns about Chewy's ability to sustain the terrific momentum it enjoyed last year. Pet parents resorted to online shopping for pet food and supplies in 2020 as the pandemic raged. Chewy benefited from this, as its customer count swelled and spending on its offerings increased.