Bath & Body (BBWI) Works Jumps 7.3% on Improving Global Trade

Bath & Body Works, Inc. (NYSE:BBWI) is one of These 10 Stocks Went Bulletproof.

Bath & Body Works jumped by 7.31 percent on Tuesday to close at $32.15 apiece as investor sentiment was largely fueled by the improving trade relations between the US and its key trading partners.

On Tuesday, Bloomberg reported that the European Union was open to accepting President Donald Trump’s trade arrangement as the two parties scramble to reach an agreement by the July 9 deadline, although it wants the US to lower tariffs on critical industries such as automotive, steel, and aluminum.

A female customer browsing a variety of body care products in a retail store.

The trade negotiations followed the US’s trade deals with the UK and China earlier last month, sparking hopes for broader global trade stability.

The development spilled over to companies with high exposure to international trade, such as Bath & Body Works, Inc. (NYSE:BBWI), as improving trade relations sparked confidence for their future growth.

It can be recalled that Bath & Body Works, Inc. (NYSE:BBWI) previously lowered its annual sales forecast below expectations amid uncertainties in consumer spending due to the global trade tensions. While the majority of its products are produced in the US, it sources components from other countries.

While we acknowledge the potential of BBWI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.