This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/home-goods-stocks-bbwi-bbby-rh-51656717708

Three bathroom merchants slipped on a bar of soap this past week. I’m not big on arbitrary stock market definitions, but I’m pretty sure that’s known as a bearish nude sprawl. Technically, it can signal that an economic haunch slide has already begun.

First was Bath & Body Works (ticker: BBWI), a mall seller of creams and scrubs, like Rainbow Cereal Gentle Foaming Hand Soap, marked down this past week to $3 from $7.50. My recent field work on the name confirms that the stores are still too perfumy for me to walk into. J.P. Morgan Securities has done a more thorough examination, and sees sales slipping this year. It downgraded shares to Neutral from Overweight and slashed its price target by more than half. The stock lost 9%.

Three bathroom merchants slipped on a bar of soap this past week.

An error has occurred, please try again later.

This article has been sent to

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.