CLOV - Hot Stocks: inflation hits Campbell Soup JetBlue issues forecast meme stock roundup
Justin Sullivan/Getty Images News Worries about inflation and supply chains have come home for Campbell Soup (CPB), which blamed those factors for its disappointing earnings report. Meanwhile, JetBlue says its revenue decline will not be quite as bad as its previous worst-case scenario. Meme stocks remain a dominant theme, with ContextLogic (WISH), Clean Energy Fuels (CLNE), and Clover Health (CLOV) getting further attention. Campbell Soup lost ground in Wednesday's premarket trading after it issued a disappointing quarterly report and lowered its forecast. The packaged food maker blamed its troubles on inflation and supply chain costs. JetBlue Airways issued good news ... sort of. The company narrowed its quarterly revenue forecast to the higher end of its previous range. However, even the rosier expectation called for a decline of 30% to 33%. Previously, the airline had predicted a decline of 30% to 35%. Time for the daily meme-stock check. First on
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Hot Stocks: inflation hits Campbell Soup, JetBlue issues forecast, meme stock roundup