Finimize - 📈 Why is Bed Bath & Beyond rocketing?

Hi Reader, here's what you need to know for August 25th in 3:05 minutes.

👑 Maybe once the most traditional investment you could possibly buy, gold is now reaping the benefits that come with embracing tokenization. Join AgAu’s Thierry Arys Ruiz for How To Invest In Gold On The Blockchain on Thursday, and find out how you could benefit from storing gold on the blockchain instead of at the bank. Grab your free ticket

Today's big stories

UK imports from Russia hit a record low in June
Here’s how a perfect combination of four factors sent Bed, Bath & Beyond’s shares rocketing – Read Now
Macy’s and Nordstrom cut their full-year profit outlooks

The UK To Russia: Thanks, But No Thanks

What’s Going On Here?

Data out on Wednesday showed that UK imports from Russia hit a record low in June.

What Does This Mean?

The UK has imposed restrictions on over 96% of goods imported from Russia since it invaded Ukraine in February, and most of the businesses whose products weren’t sanctioned have probably stopped dealing with the country anyway. That might be why Russian imports into the UK dropped to £33 million ($39 million) in June – 96% less than the same time last year. A big part of that was down to the fact that the UK didn’t buy a drop of fuel off the country, even though Russia was its biggest supplier of refined oil before the war. Instead, Britain’s been upping imports from other oil-producing countries – think Norway and Qatar – to make up the difference.

Why Should I Care?

The bigger picture: Discounts galore.
The European Union hasn’t been quite so successful: the region’s imports were up 43% in June, given just how dependent it is on the country’s energy supplies. Russia, for its part, is well aware that Europe would drop it in a hot second if it could, which might be why it’s reportedly in discussions to give several Asian countries up to 30% off long-term oil contracts.

Zooming out: Russia dodges a bullet.
Economists were expecting Russia to have a meltdown following all the sanctions, but its high-priced energy has kept that from happening. In fact, the country’s “current account surplus” – that is, the value of the goods it exports minus the value of the goods it imports – hit a record high in the first seven months of the year. That’s only good news for the economy, which might be why the Russian government is expecting the economy to shrink just 4% this year, rather than the 12% it was forecasting a few months ago.

You might also like: No one’s ignoring energy prices, so why is everyone ignoring utilities stocks?

Copy to share story: https://www.finimize.com/wp/news/the-uk-to-russia-thanks-but-no-thanks/

🙋 Ask a question

Analyst Take

Bed, Bath, And A Stratospheric Squeeze

Stéphane Renevier, Analyst

You might not have pegged Bed Bath & Beyond (BBBY), a struggling retailer with sliding profits and no real competitive advantage, as one of the market’s top performers.

Nonetheless its stock quadrupled in the span of a few days last week.

To understand how a stock like BBBY – or GameStop (GME) before it – can gain so much in so little time, you need to understand the four key ingredients to a gamma squeeze.

That’s today’s Insight: we’re looking at Bed, Bath & Beyond’s stratospheric squeeze, and how you can spot the next one.

Read or listen to the Insight here

If it’s good enough for Bezos…

Billionaires have always had access to the stable, lucrative investment that is real estate.

Lucky them: investing in real estate can help you bring in extra income, diversify your portfolio, and enjoy some decent tax advantages.

Now you can reap those benefits with Arrived. You’ll find real estate investments ranging from $100 to $20,000 on the platform, and its team will even handle the management side for you.

The billionaires approve: Arrived is backed by world-class investors including Jeff Bezos and Marc Benioff.

Take a look at what won them over: browse Arrived’s property investments today.

Find Out More