Home Top Movers Two Pet Stocks to Track As the Industry Continues to Grow

Two Pet Stocks to Track As the Industry Continues to Grow

The novel coronavirus pandemic was a stimulus for the ever-evolving pet industry. Pet adoption grew significantly as millions of Americans were forced to stay home. All this compels investors to find the right pet stocks to buy.

At least 67% of American households are animal owners, according to the American Pet Products Association. This number had risen by 11 percent since the survey started in 1988. The ProShares Pet Care ETF has also gained by an incredible 30 percent contrast with the S&P 500, which has only risen by 4 percent over the current year.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Pet food sales tend to improve the bottom lines of businesses relative to other pet things. Therefore, businesses look at online platforms to build a strategic advantage over their competition. Furthermore, wealthy pet owners, particularly millennials, pay extra for pet products like organic food.

With lockout controls in effect, Chewy is creating some huge waves. Chewy’s website is an all-in-one place to buy animal feed, toys, and other items. That’s maybe why CHWY’s 6-month return on stock is 87%. In the first quarter, sales rose 46 per cent, their biggest rise since it was made public. It narrowed its adjusted share loss to 12 cents that was 50 percent smaller than Wall Street estimates. The company’s main revenue catalyst was a 33% rise in active customers. However, revenue per active consumer rose by 6.6%.

The Autoship, which allows customers to refill their pets’ supplies at some times, is one of the unique propositions of Chewy. This currently constitutes approximately 70% of the company’s revenue mix. It will take few years to reach profitability but the Chewy stock is currently an excellent investment.

Among animal drugs and diagnosis, Zoetis became the best of the best. That is why it is one of today’s greatest pet stocks. The total return of ZTS shares for 6 months is 15%. Revenue for the second quarter was 1.5 billion, higher than Wall Street’s estimate of 1.36 billion. Net income was 377 million, up slightly from 371 million in the previous period. In addition, the company spun off by Pfizer (NYSE:PFE) in 2013, updated its 2020 sales forecast to range between $6.30 billion and $6.47 billion from its earlier forecast in the range of $5.95 billion to $6.25 billion.

The business has spent extensively in a competitive sector in animal diagnostics valued over $4 billion. With its latest purchase of ZNLabs and Ethos Diagnostic Technology, it has significantly accelerated its M&A transactions. The ability to capture a growing industry and also a strong management team makes ZTS an attractive stock to track.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Are The Financial Results Weighing On Senseonics (SENS) Stock In Premarket Today?

Shares of medical technology Senseonics Holdings, Inc. (NYSE American: SENS) has been declining -9.67% in pre-market session today falling to a price level of...

ReTo Eco-Solutions, Inc. (RETO) Stock Fell 6% In Pre-Market Trading

The provider of technology solutions around ecological environments ReTo Eco-Solutions, Inc. (NASDAQ: RETO) has been facing a drop in its stock price in pre-market...

Fulgent Genetics (FLGT) Stock Rocketed 34.46% In Extended Trading Following Strong Financial Results

Shares of the testing services and comprehensive testing solutions technology company Fulgent Genetics, Inc. (NASDAQ: FLGT) rocketed 34.46% in the after-hour trades on Thursday....

Severn Bancorp (SVBI) Stock Is Rising 27% Pre-Market, Thanks To Merger Deal

Severn Bancorp, Inc. (NASDAQ: SVBI) stock is trending upward minutes before start of the regular session today. The stock has been floating at $10.69...

What’s Driving The Lipocine Inc. (LPCN) Stock Higher Pre-Market Today?

Shares of biopharmaceutical company Lipocine Inc. (NASDAQ: LPCN) have been up trending in early hours trading today. As of 07:17 a.m. EST, the stock...

Evofem Biosciences (EVFM) – Stock Fell In Early Trades Today: Why?

Shares of the biopharmaceutical company Evofem Biosciences, Inc., (NASDAQ: EVFM) have been sinking in the early trades today. The stock was buoying at $2.205...

The Aqua Metals (AQMS) Stock Is An Pre-Market Upsurge of 13% For What Reason?

The metal recycling firm Aqua Metals, Inc. (NASDAQ: AQMS) is on an uptick today in premarket session. As of 09:08 a.m. EST, the stock...

Are The Financial Results Weighing On Senseonics (SENS) Stock In Premarket Today?

Shares of medical technology Senseonics Holdings, Inc. (NYSE American: SENS) has been declining -9.67% in pre-market session today falling to a price level of...

Related News

Evofem Biosciences (EVFM) – Stock Fell In Early Trades Today: Why?

Shares of the biopharmaceutical company Evofem Biosciences, Inc., (NASDAQ: EVFM) have been sinking in the early trades today. The stock was buoying at $2.205...

The Aqua Metals (AQMS) Stock Is An Pre-Market Upsurge of 13% For What Reason?

The metal recycling firm Aqua Metals, Inc. (NASDAQ: AQMS) is on an uptick today in premarket session. As of 09:08 a.m. EST, the stock...

This Is Why Waitr Holdings (WTRH) Stock Jumped 26% After-Hours

The on-demand food ordering and delivery firm Waitr Holdings Inc. (Nasdaq: WTRH) saw its stock price surging 26.09% in after-hours trades following news of...

Severn Bancorp (SVBI) Stock Is Rising 27% Pre-Market, Thanks To Merger Deal

Severn Bancorp, Inc. (NASDAQ: SVBI) stock is trending upward minutes before start of the regular session today. The stock has been floating at $10.69...

Why Soligenix, Inc. (SNGX) Is Surging 16% In Pre-Market Session?

The biopharmaceutical company Soligenix, Inc. (Nasdaq: SNGX) has been surging +18.63% in the pre-market session today. As of 08:55 a.m. EST, the stock was...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.