Core Insights - Best Buy has raised its full-year revenue forecast, expecting between $41.65 billion to $41.95 billion, up from the previous range of $41.1 billion to $41.9 billion [2] - The company anticipates adjusted earnings per share of $6.25 to $6.35, an increase from the prior range of $6.15 to $6.30 [2] - Comparable sales are now expected to rise between 0.5% to 1.2%, a significant improvement from earlier expectations of a 1% decline to a 1% increase [3] Financial Performance - For the fiscal third quarter, Best Buy reported a net income of $140 million, or 66 cents per share, down from $273 million, or $1.26 per share, in the same period last year [3] - Revenue for the quarter increased to $9.67 billion, surpassing expectations of $9.59 billion [6] - The company's stock has declined by approximately 12% year-to-date, contrasting with a 14% gain in the S&P 500 during the same timeframe [4]

Core Viewpoint - The retail investor crowd is currently driving the stock movement of Fannie Mae and Freddie Mac, while institutional investors have not yet significantly entered the market [1][2]. Group 1: Institutional Interest - Bill Aman, a hedge fund billionaire, advocates for the privatization of Fannie Mae and Freddie Mac, which could attract more hedge funds and mutual funds into these stocks [2][3]. - Bill Py, a member of the Trump administration, also supports the idea of privatizing these entities, indicating a potential shift in regulatory stance [2][4]. Group 2: Market Dynamics - Fannie Mae and Freddie Mac have historically been profitable, offering strong dividends and preferred stocks before facing challenges in 2007 and 2008 [3]. - The stocks have been rising sharply since April and May, although there are currently no options trading available for these stocks, limiting investment vehicles [7]. Group 3: Retail Investor Behavior - There is a potential for increased short interest in these stocks, which could attract retail investors, particularly from the meme stock community, due to their small float [8]. - The correlation between cryptocurrency holders and these stocks is noted, with expectations that movements in the crypto market could positively impact Fannie Mae and Freddie Mac [10][12]. Group 4: Future Outlook - The association with cryptocurrency is seen as beneficial for Fannie Mae and Freddie Mac, with potential for future growth as the market evolves [11][12].

Core Viewpoint - Electronics retailer Best Buy has raised its annual revenue forecast, anticipating strong holiday demand driven by consumers taking advantage of significant discounts on laptops, smartphones, and other household electronics [1] Group 1: Revenue Forecast - Best Buy increased its annual revenue forecast, indicating confidence in holiday sales performance [1] - The company expects strong demand as shoppers are motivated by steep discounts [1] Group 2: Consumer Behavior - Consumers are actively upgrading their electronics, including laptops and smartphones, in response to attractive pricing [1] - The trend suggests a robust shopping season ahead, particularly during the holiday period [1]

Financial Performance - Comparable sales increased by 2.7% in Q3 FY26, compared to a decline of 2.9% in Q3 FY25[2] - Total revenue for Q3 FY26 was $9.67 billion, up from $9.45 billion in Q3 FY25, representing a year-over-year increase of 2.4%[2] - Adjusted diluted EPS for Q3 FY26 was $1.40, compared to $1.26 in Q3 FY25[2] - Domestic revenue for Q3 FY26 was $8.88 billion, reflecting a 2.1% increase driven by comparable sales growth of 2.4%[4] - International revenue increased by 6.1% to $794 million, primarily due to a 6.3% increase in comparable sales[8] - Domestic online revenue reached $2.82 billion, a 3.5% increase, accounting for 31.8% of total domestic revenue[5] - Revenue for the three months ended November 1, 2025, was $9,672 million, an increase of 2.4% compared to $9,445 million for the same period last year[23] - Net earnings for the three months ended November 1, 2025, were $140 million, down from $273 million in the same period last year, leading to a diluted earnings per share of $0.66[23] - Adjusted diluted EPS for the three months ended November 1, 2025, was $1.40, an increase from $1.26 in the same period last year[34] - The diluted EPS for the nine months ended November 1, 2025, was $2.48, down from $3.73 in the same period of 2024[34] Guidance and Projections - The company raised its FY26 adjusted diluted EPS guidance to a range of $6.25 to $6.35, up from the previous guidance of $6.15 to $6.30[11] Profitability and Margins - The domestic gross profit rate decreased to 23.3% from 23.6% in the previous year, attributed to lower product margin rates[6] - Gross profit for the nine months ended November 1, 2025, was $6,491 million, slightly up from $6,467 million in the prior year, resulting in a gross profit margin of 23.3%[23] - For the three months ended November 1, 2025, the operating income was $198 million, representing 2.0% of revenue, compared to $350 million (3.7% of revenue) for the same period in 2024[33] - Adjusted operating income for the nine months ended November 1, 2025, was $1,090 million, slightly up from $1,065 million in the same period of 2024[33] Shareholder Returns - The company returned $234 million to shareholders in Q3 FY26 through dividends and share repurchases[14] Asset and Cash Management - Cash and cash equivalents at the end of the period were $1,194 million, up from $938 million at the same time last year[27] - The company reported a total cash provided by operating activities of $684 million for the nine months ended November 1, 2025, compared to $561 million in the prior year[27] - Total assets decreased to $16,786 million as of November 1, 2025, from $17,018 million a year earlier[25] Impairments and Charges - Best Buy recorded pre-tax non-cash asset impairments of $192 million related to Best Buy Health during Q3 FY26[11] - The company reported a long-lived asset impairment of $21 million for the three months ended November 1, 2025, compared to no impairment in the same period last year[33] - The company incurred restructuring charges of $218 million for the nine months ended November 1, 2025, compared to $4 million in the prior year[27] - The loss on disposal of subsidiaries was $4 million for the nine months ended November 1, 2025, with no comparable loss in the previous year[34] Taxation - The effective tax rate for the three months ended November 1, 2025, was 31.5%, compared to 23.9% in the same period last year[23] - The adjusted effective tax rate for the nine months ended November 1, 2025, was 26.4%, compared to 24.8% in the prior year[33]

Best Buy Co., Inc. (NYSE:BBY) will release earnings results for the third quarter, before the opening bell on Tuesday, Nov. 25.Analysts expect the New Albany, Ohio-based company to report quarterly earnings of $1.31 per share, up from $1.26 per share in the year-ago period. The consensus estimate for Best Buy's quarterly revenue is $9.59 billion. Benzinga Pro data shows $9.45 billion in quarterly revenue a year ago.During the second-quarter earnings call, CFO Matt Bilunas guided for third-quarter comparable ...

Core Insights - Best Buy Co., Inc. is set to release its third-quarter earnings results on November 25, with analysts expecting earnings of $1.31 per share, an increase from $1.26 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $9.59 billion, compared to $9.45 billion in the previous year [1] - CFO Matt Bilunas indicated that third-quarter comparable sales are expected to reflect a 1.6% growth, aligning with the higher end of the full-year revenue guidance of $41.1 billion to $41.9 billion [2] Analyst Ratings - Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating with a price target of $90 [5] - JP Morgan analyst Christopher Horvers has an Overweight rating and raised the price target from $89 to $97 [5] - Truist Securities analyst Scot Ciccarelli holds a Hold rating and increased the price target from $72 to $79 [5] - Argus Research analyst Chris Graja maintains a Hold rating [5] - Wedbush analyst Alicia Reese has a Neutral rating and raised the price target from $70 to $75 [5]

Earnings Reports Overview - The current earnings season is nearing its end, with notable companies reporting during the holiday-shortened week [1] - Retail investors are particularly focused on earnings reports from major companies [1] Company-Specific Earnings Reports - WeRide Inc. (NASDAQ:WRD) and LexinFintech Holdings Ltd. (NASDAQ:LX) reported before the market opened on November 24, both showing better-than-expected results, leading to stock price increases [2] - Zoom Communications Inc. (NASDAQ:ZM) is expected to report third-quarter results after the market closes on November 24, with analysts predicting earnings of $1.44 per share and revenue of $1.21 billion [3] - Alibaba Group Holding Ltd. (NYSE:BABA) will release its Q2 earnings report before the market opens on November 25, with expectations of adjusted earnings of 81 cents per share and revenue of $34.43 billion [3] - Retailers Kohl's Corp. (NYSE:KSS) and Best Buy Co. Inc. (NYSE:BBY) are anticipated to provide insights into consumer behavior with their reports on November 25 [4] - Cleanspark Inc. (NASDAQ:CLSK), Dell Technologies Inc. (NYSE:DELL), and Zscaler Inc. (NASDAQ:ZS) are set to report after the market closes on November 25 [5] - Li Auto Inc. (NASDAQ:LI) and EHang Holdings Ltd. (NASDAQ:EH) will report their results before the market opens on November 26, alongside Deere & Co. (NYSE:DE), which has consistently beaten analyst expectations for 12 consecutive quarters [6] Market Schedule - U.S. stock markets will be closed on November 27 for the Thanksgiving holiday [8] - The stock market will have an early closure at 1 p.m. ET on November 28 [9]

Core Insights - Retail earnings are in focus this week as several companies within the Direxion Daily Retail Bull 3X Shares (RETL) prepare to report results just before the Thanksgiving and Black Friday shopping weekend [1] - Six retailers, including Burlington Stores, Best Buy, Kohl's, Dick's Sporting Goods, Urban Outfitters, and Abercrombie & Fitch, will release quarterly results [1][2] Group 1: Earnings Reports - Urban Outfitters will report earnings on Monday after market close, while the other five companies will report on Tuesday morning [2] - These six retailers represent approximately 6.7% of RETL's portfolio [2][6] Group 2: ETF Performance and Structure - RETL tracks the S&P Retail Select Industry Index and offers three times the index's daily performance, utilizing a modified equal-weighted methodology [3] - The equal-weight structure allows smaller retailers like Dick's Sporting Goods to impact the fund's performance similarly to larger companies like Amazon [4] Group 3: Market Trends and Forecasts - Consulting firm Bain & Company forecasts an 11% increase in Black Friday and Cyber Monday sales this year, surpassing broader holiday shopping growth estimates [5] - RETL has seen $6.01 million in net inflows over the past month and $349,400 in net inflows over the past five days [2][5]

Core Insights - Best Buy is expected to report adjusted earnings per share of $1.31 for Q3, with revenues projected to exceed $9.5 billion, while its shares have declined by 10% in 2025 [1][16] - The brand is perceived as "boring," which is viewed positively as it indicates stability in a volatile market [3][6] - Social media sentiment analysis shows that Best Buy has maintained a neutral perception among consumers, with nearly 500,000 posts reflecting this sentiment [4][5] Financial Performance - Analysts anticipate a soft earnings report for Q3, with expectations of stability rather than significant growth [10][14] - The option market is pricing in a potential 7% move in Best Buy's shares around the earnings report, indicating elevated volatility [15][16] Customer Insights - Best Buy caters to four main customer segments: families, middle-income students, tech enthusiasts, and high-end shoppers, demonstrating its broad appeal [8][9] - The psychographic profile of customers has shown interesting trends, with a focus on value-driven consumers in the current economic climate [7][9] Market Position - Best Buy operates in a different space compared to other retailers like Target and Walmart, focusing solely on technology sales without proprietary brands [12][13] - The company is not currently facing significant concerns regarding tariffs or inflation, with discussions primarily centered on upcoming Black Friday sales [13][14] Strategic Recommendations - Best Buy should maintain its current strategy of stability and neutrality, which has proven effective in the current retail environment [12][13] - The company has opportunities to leverage its steady performance and customer loyalty to enhance its market position going into Q4 [14][15]

Market Overview - The market is experiencing volatility with major indices showing mixed movements, including the Dow up about 0.21%, Nasdaq up about 1%, and S&P 500 up about 0.61% [1] - Bitcoin has seen a significant decline, down approximately 24% over the last two months, with a recent drop of about 6% in the past week [1][3] - The total capitalization of the crypto market has fallen by about 24% since its October peak, equating to over $1 trillion in value lost [1] Consumer Spending and Retail - The National Retail Federation anticipates that consumers will spend over $1 trillion this holiday season, marking a strong consumer sentiment [2] - Recent retail earnings reports have shown mixed results, with companies like Gap and TJ Maxx performing well, while Home Depot's results were less favorable [2] - High-income consumers are driving spending, while low-income consumers remain under pressure [2] AI and Technology Sector - Goldman Sachs suggests that the narrative around AI capital expenditures (capex) is crucial for market stability, with expectations of continued growth in technology demand [2][3] - Nvidia's recent performance is seen as a key indicator for the tech sector, with any weakness potentially impacting broader market sentiment [2][3] Cryptocurrency Insights - Institutional investors are currently sidelined, with Bitcoin ETF outflows reaching $3.5 billion in November, the largest since February [4] - The correlation between Bitcoin and the NASDAQ suggests that stabilization in crypto prices may be necessary for broader market recovery [5][6] - Analysts express caution regarding a V-shaped recovery for Bitcoin, citing the need for more dovish Fed commentary and institutional participation [4][5] Company-Specific Developments - Moderna has faced significant stock price declines, down 43% this year, and is currently the most shorted stock in the S&P 500, with 20% of shares shorted [28][30] - Pfizer is diversifying its business into weight loss drugs and other areas, contrasting with Moderna's struggles to adapt post-COVID vaccine demand [29][30] - Analysts highlight the need for Moderna to diversify its product offerings beyond COVID vaccines to regain investor confidence [31][35]