Why Bed Bath & Beyond Inc. Stock Popped Today
Shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY) were up 8.6% as of 1 p.m. EST Monday amid speculation that the specialty retail chain could benefit greatly from the passage of a congressional tax bill.
More specifically, Wedbush analyst Seth Basham predicted that with the Senate voting to pass its version of the tax bill over the weekend, there's a "very good" chance we'll see corporate taxes reduced beginning in either 2018 or 2019.
IMAGE SOURCE: BED BATH & BEYOND
Source: Fool.com