Checking in with Best Buy Stock Before Earnings

Core Viewpoint - Best Buy Co Inc is set to announce its second-quarter earnings report, with expectations of lower earnings and revenue compared to the same quarter last year [1] Group 1: Earnings Expectations - Wall Street anticipates earnings of $1.15 per share and revenue of $9.23 billion for the upcoming report, both lower than the previous year's same quarter [1] - The stock has a strong post-earnings history, with six out of the last eight sessions finishing higher, including a notable 13.4% increase in May [1] Group 2: Stock Performance and Options Activity - The options market is pricing in a post-earnings move of 10.8%, significantly higher than the average move of 4.9% over the past couple of years [1] - Over the last 10 weeks, the options pits have shown optimism, with a 50-day call/put volume ratio of 1.39, ranking higher than 85% of readings from the past year [1] Group 3: Current Stock Status - As of the latest update, Best Buy's stock is down 0.6% at $88.39, following three consecutive weeks of gains after a drop to the $78 support level [2] - Year-to-date, the stock has increased by 12.9% [2]