Wayfair (W) Gets Massive Upgrade by JPMorgan, BofA, Wedbush

Wayfair (W) is up 25% today, January 23rd. Alex Coffey and Caroline Woods discuss Wayfair as the stock has been rising after it announced layoffs of about 10% of its staff. They talk about how JPMorgan, BofA, and Wedbush all upgraded the stock. They go over how Wayfair is outperforming the industry for the first time since the beginning of Covid. Alex then demonstrates an example trade using Wayfair. The trade type is a buy a call vertical and the direction is bullish. Tune in to find out more about the stock market today.