Petco's Wild Ride: Interest Rates Spark a Jump

Petco's stock surged 3% after Goldman Sachs highlighted it as a top beneficiary of potential interest rate cuts, forecasting a 5% earnings boost with just a 1% rate decrease. But don't get too excited: Petco's wild ride continues, with shares still down 9% year-to-date and significantly below its IPO price, leaving long-term investors underwater as they brace for continued market volatility and await the Fed's next move. Hosted on Acast. See acast.com/privacy for more information.