What Caught Our Attention in the Investment World? – Week of January 23-27, 2023

By Kuldip K. Ambastha

On the trading day of Monday, January 23, 2023, the stock price of Wayfair Inc. (W), an e-commerce company focused on furniture and home goods, rose by +26.8% per share. To close out the trading week on Friday, January 27, 2023, the stock price rose another +13.4% per share. The stock price has been quite volatile in recent years, but Wall Street is currently impressed by Wayfair management’s commitment to cost-cutting measures. Most prominently, the company has announced it will lay off 10% of its total workforce. The lay offs combined with other cost-cutting efforts may lead Wayfair to deliver positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) sooner in 2023 than previously expected.

Keywords – Wayfair Inc., Wayfair, W, e-commerce, furniture, home goods, cost-cutting, lay offs, EBITDA.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in W.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2023 – Ambastha Financial LLC.




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