Best Buy Co Inc
Stocks making the biggest moves in the premarket: Continental Resources, Oracle, National Vision and more
Take a look at some of the biggest movers in the premarket: Continental Resources (CLR) – The oil and natural gas producer’s stock rallied 7.4% in the premarket after receiving a $70 per share “take private” bid from Chairman Harold Hamm and his family. The company’s board will establish an independent committee to evaluate the […]
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Bank of America downgrades Best Buy, says sales could revert to pre-pandemic levels
The shift in consumer spending and slowing U.S. economy are ominous signs for Best Buy , according to Bank of America. Analyst Elizabeth Suzuki downgraded Best Buy to neutral from buy, saying in a note to clients that electronics spending could be in for a big correction. “Although the company expects a modest YoY decline […]
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6 exceptional retail winners that Jim Cramer says are a buy
CNBC’s Jim Cramer on Friday highlighted six retail winners with standout quarters that investors should be lining up to purchase. “No one ever made a dime from panicking. If you dumped any of these retail winners in response to Walmart and Target, you made a very big mistake. And you know what, as the market […]
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These buyback monsters are repurchasing a lot of their stock and ready to step it up some more
Corporations are increasingly repurchasing their shares as stock prices slide, and certain companies are ready to keep the buybacks coming. A share repurchase is when a company buys back its own shares from the marketplace. Doing so boosts per-share earnings by shrinking the number of shares outstanding, possibly enhancing the value of the stock. The […]
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Stocks making the biggest moves midday: Dick’s Sporting Goods, Nordstrom, Wendy’s and more
Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Dick’s Sporting Goods – Shares of the sporting goods seller jumped 11%, despite the company cutting its outlook […]
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Barclays downgrades Best Buy as demand for consumer electronics slows
The near-term outlook for Best Buy looks bleak as demand for consumer electronics slows, according to Barclays. Analyst Karen Short downgraded shares of the electronics retailer to equal weight from overweight after the company missed earnings estimates in its fiscal first quarter and lowered its guidance for the year . “Our main concern is that […]
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What retail inventory misses and markdowns signal about the market’s fight against inflation
Jay Laprete | Bloomberg | Getty Images Retailers are missing and missing big. It started last week with the Walmart and Target results which showed big inventory builds and the need for markdowns, and it’s been followed up by weak earnings and outlook from Abercrombie & Fitch which sent its shares tumbling in a similar […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to gave back some of Monday’s snapback rally A screen displays the Fed rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New York […]
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Best Buy sales decline, but not as much as Wall Street expected
Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Best Buy reported an increase in second-quarter sales of nearly 20% as consumers purchased electronics to adjust to lifestyle changes related to the ongoing pandemic. Scott Olson | Getty Images Best Buy on Tuesday beat Wall Street’s revenue estimates for the […]
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Stocks making the biggest moves in the premarket: Best Buy, Abercrombie & Fitch, Snap and more
Take a look at some of the biggest movers in the premarket: Best Buy (BBY) – Best Buy jumped 5.2% in the premarket after the electronics retailer reported a mixed quarter. Best Buy fell 4 cents a share shy of forecasts, with quarterly earnings of $1.57 per share. Revenue was better than expected, however, and […]
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