Why Bath & Body Works (BBWI) Went Up on Tuesday?

We recently published a list of 10 Firms Kick Off Shortened Trading Week With Impressive Gains. In this article, we are going to take a look at where Bath & Body Works, Inc. (NYSE:BBWI) stands against firms that kick off shortened trading week with impressive gains.

The stock market kicked off the shortened trading week on a positive note, with all major indices finishing in the green territory as investors continued to monitor more corporate earnings results.

The S&P 500 led the charge among its peers, recording a modest 0.24 percent gain. The Dow Jones and the tech-heavy Nasdaq were similarly up, albeit posting lackluster gains of only 0.02 percent and 0.07 percent, respectively.

In comparison, 10 companies delivered stronger performances thanks to continued investor confidence. One company in particular stood out for jumping more than 100 percent in just two trading days.

To come up with Tuesday’s top performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A female customer browsing a variety of body care products in a retail store.

Bath & Body Works, Inc. (NYSE:BBWI)

Bath & Body Works, Inc. (NYSE:BBWI) saw its share prices rally for a fourth straight day, adding 9.68 percent to close at $40 each as investor optimism was fueled by JPMorgan’s upgraded rating for the company.

According to JPMorgan analysts, they raised BBWI’s stock rating to ‘overweight’ from ‘neutral’ previously and lifted the price target to $47 from $41, citing encouraging recent product launches and shrinking headwinds from post-pandemic levels.

In particular, the investment was bullish about Bath & Body Works (NYSE:BBWI)’s recent partnership with Walt Disney Co. (NYSE:DIS), where a Disney Princess-inspired collection spanning 85 products across all categories, was launched both in online and physical stores.

According to the analyst, Bath & Body Works (NYSE:BBWI)’s partnership could lead to an inflection on both top line and bottom line figures for the company.

Overall, BBWI ranks 7th on our list of firms that kick off shortened trading week with impressive gains. While we acknowledge the potential of BBWI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BBWI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.