Why Traders Flocked to These 10 Stocks on Monday

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

Bath & Body Works saw its share prices grow by 5.54 percent on Monday to end at $31.22 apiece as investors took shares amid the lack of fresh catalysts to spark buying.

Despite the potential impact of the US-China trade war, Bath & Body Works, Inc. (NYSE:BBWI) still earned a rating upgrade of Overweight from Piper Sandler recently, saying that, along with Inter Parfums, it was well-positioned to benefit from the increasing demand in the fragrance category.

JPMorgan also maintained its Overweight rating for BBWI despite lowering its price target to $41 from $47 previously, saying that the company still has the potential to outperform average market returns.

BBWI forecasts annual sales to be largely below expectations as it grapples with uncertainties in consumer spending due to the US-China trade war.

According to the company, the majority of its products are produced in the US, but it sources components from other countries.