Best Buy's (BBY) stock has lost 8% over the past month, which is in line with the Zacks Retail – Consumer Electronics industry. Meanwhile, the Retail-Wholesale sector has risen 1.3% and the S&P 500 Index has declined 0.4%. As of Dec. 20, Best Buy's shares closed at $85.55, trading 17.5% below its 52-week high of $103.71 reached on Aug. 29, 2024.BBY Stock Past-Month Performance Image Source: Zacks Investment Research Best Buy's stock has fallen below critical technical thresholds, including its 50-day moving ...

Partnership Enables Best Buy Ads Canada to Drive Engagement and Loyalty NEW YORK, Dec. 17, 2024 /PRNewswire/ -- Rokt, the leading ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, today announced it has partnered with Best Buy Ads Canada ahead of the holiday season to deliver curated transaction experiences to the company's online customers. Best Buy Ads Canada will use Rokt's technology to power highly relevant messages from third-party brands, w ...

The holiday shopping season is the time of the year for retailers in the consumer discretionary sector to get in the black. While some retailers like RH NYSE: RH and Williams-Sonoma Inc. NYSE: WSM are the “haves” and are expected to have a strong holiday season, many retailers are the “have nots” and already presumed to have weak results. This has already led to investors dumping shares for tax harvesting purposes, but the bar may have been set too low. Here are three stocks expected to have weak holiday sa ...

The Best Buy in Montebello, California, on Black Friday, November 29, 2024. (Photo by ETIENNE ... [+] LAURENT / AFP) (Photo by ETIENNE LAURENT/AFP via Getty Images)AFP via Getty ImagesBest Buy’s stock (NYSE: BBY), an electronics specialty retailer, has increased 12% from around $78 to $87 (as of Dec 9, after close) year-to-date, underperforming the broader indices, with the S&P growing about 28% over the same period. At the same time, a tough comparison with the pandemic, stimulus-induced growth, and inflat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9595 BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 41-0907483 (State or other jurisdiction of ...

The returning Trump administration will seek more tax reforms pending approval from Congress. They plan on making the 2017 Trump tax cuts permanent and even lower some rates. The corporate tax rate will be dropped to 15% while the child tax credit is hiked. Many of the green-energy tax breaks from the 2022 Inflation Reduction Act are expected to be terminated. Jeffries believes smaller cap companies in the financial, industrial, consumer, and basic materials sectors are set to benefit the most. Here are sev ...

Best Buy (NYSE: BBY ) reported its Q3 results Tuesday morning. Its revenue of $9.45B was slightly below the consensus estimate of $9.63B, while its adjusted EPS was $1.26, below the $1.29 target. Its comparable sales growth was more disappointing at -2.9%; however, its gross margins wereHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research ...

Today, there are a number of investors who think the stock market’s all-time highs are completely disconnected from economic reality. On the whole, the Q3 earnings season has been relatively strong: but many consumer-facing companies have warned of weakening spending, particularly for expensiveWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the them ...

Best Buy Co., Inc. (BBY) reported third-quarter fiscal 2025 results, wherein both revenues and earnings missed the Zacks Consensus Estimate. Both the top and bottom lines also declined year over year.Best Buy stock lost 2.6% on Nov. 26, due to soft quarterly results and the lowered view for the fiscal year. However, the company maintained its adjusted operating margin view.Over the past six months, this Zacks Rank #2 (Buy) company has gained 32.7% compared with the industry’s 23% growth.An Insight Into BBY’ ...

Best Buy says cautious, deal-chasing consumers and the presidential election kept quarterly sales muted.The electronics retailer released earnings Tuesday (Nov. 26) showing a 2.9% drop in comparable sales, higher than the 1% dip forecast in the company’s guidance. CEO Corie Barry said Best Buy’s sales performance was impacted by softer-than-expected consumer demand in September and October.“We attribute this to a combination of overall ongoing macro uncertainty, customers waiting for deals and sales, and di ...