Core Insights - Telsey Advisory raised Best Buy's price target to $95 from $90, maintaining an Outperform rating, highlighting the company's strong execution and growing market share in consumer electronics [1] - Best Buy reported a 2.7% increase in comparable sales, with overall revenue reaching $9.6 billion, up from $9.4 billion year-over-year, and an EPS of $1.40, exceeding analysts' expectations of $1.31 [2] - CFO Matthew Bilunas anticipates continued growth in computing and mobile phones into Q4 and the following year, with a quarterly dividend of $0.95 per share announced, consistent with previous payouts [3] Financial Performance - Best Buy's overall revenue for the recent quarter was $9.6 billion, reflecting a year-over-year increase from $9.4 billion [2] - The company's EPS of $1.40 surpassed the analysts' forecast of $1.31, indicating strong financial performance [2] Market Outlook - The company is expected to introduce new initiatives and product innovations that will contribute to future earnings growth [1] - Continuous growth in the computing and mobile phone segments is anticipated, as indicated by the CFO [3]

Core Insights - GameStop Corp. is a prominent retailer in the video game, consumer electronics, and gaming merchandise sectors, facing competition from Best Buy, Amazon, and Walmart [1] Financial Performance - GameStop is expected to report earnings per share (EPS) of $0.20 and revenue of approximately $987.3 million for the upcoming quarter, marking a significant increase from the previous year's revenue of $860 million [2][6] - The company's financial metrics include a P/E ratio of 28.52, a price-to-sales ratio of 2.67, and a current ratio of 11.37, indicating strong market valuation and liquidity [5][6] Market Activity - The company's stock has paused trading activity following a period of volatility, influenced by the release of emails between Michael Burry and Keith Gill, which renewed interest among retail investors [3][6] - In preparation for the earnings release, GameStop is organizing a "Trade Anything Day" on December 6 to increase foot traffic and diversify its offerings, including collectibles and trading cards [4]

Ivry-sur-Seine – France, December 1, 2025 Regulated information INFORMATION ON THE TOTAL NUMBER OF SHARES AND VOTING RIGHTS Statement in compliance with article L. 233-8 II of the French commercial code and article 223- 16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des marchés financiers) Stock MarketEuronext ParisISIN CodeFR0011476928Date Total number of shares composing the share capital of the companyTotal number of gross voting rights Total number of net voting ...

NEW YORK (AP) — U.S. stocks gave back some of last week’s rally, as bitcoin fell again on Monday. The S&P 500 slipped 0.5% and broke a five-day winning streak. The Dow Jones Industrial Average dropped 427 points, or 0.9%, and the Nasdaq composite dipped 0.4%. Last week’s rally was largely due to rising hopes that the Federal Reserve will cut its main interest rate next week to help shore up the slowing job market. Such hopes are still high, with traders betting on a roughly 85% chance the Fed will cut at ...

Core Viewpoint - Best Buy Co., Inc. (NYSE:BBY) is highlighted as an interesting stock by Jim Cramer, who notes its potential despite challenges from higher interest rates and tariffs, which may be mitigated by a PC refresh cycle [1]. Company Overview - Best Buy sells technology products, electronics, appliances, and entertainment items, along with related services such as delivery, installation, and technical support [1]. Earnings Outlook - Upcoming earnings reports from Best Buy and other companies are anticipated, with Cramer expressing a belief that Best Buy will perform adequately despite external pressures [1]. Investment Considerations - Cramer previously included Best Buy as a dividend stock prospect, noting its yield of 5%, but later removed it from consideration due to its reliance on strong consumer growth and tariff relief [1]. - There is a suggestion that certain AI stocks may offer greater upside potential compared to Best Buy, indicating a competitive investment landscape [2].

Core Insights - Best Buy Co., Inc. reported a strong quarterly performance, beating earnings expectations by 9 cents with earnings of $1.31 per share and higher-than-expected revenue, leading to a stock price increase of over 5% [1] Group 1: Financial Performance - Best Buy's earnings beat expectations, with a reported earnings per share of $1.31, exceeding forecasts [1] - The company experienced strong same-store sales, contributing to its positive financial results [1] - Management raised their full-year forecast across the board, indicating confidence in future performance [1] Group 2: Market Context - The stock was mentioned in the context of a broader positive trend among retailers, including Abercrombie & Fitch and Kohl's, which also reported strong results [1] - Despite potential challenges from higher interest rates and tariffs, Best Buy is expected to benefit from a PC refresh cycle [2]

Core Insights - Diversification is emphasized as a crucial strategy for investors to mitigate risks associated with concentrated holdings in technology stocks, particularly in the context of the ongoing AI competition involving companies like NVIDIA and AMD [2][3]. Investment Strategy - A diversified portfolio should include a mix of stocks across different sectors, with only one stock from the technology sector, while the remaining stocks should represent growth in areas such as healthcare, aerospace, restaurants, and retail [2][3][4]. - Growth stocks are expected to perform well across various market conditions and may benefit from anticipated interest rate cuts by the Federal Reserve [3][4]. Economic Outlook - Recent economic data suggests that the Federal Reserve may be inclined to recommend a rate cut, which could positively impact growth sectors such as travel, leisure, life sciences, and aerospace [4]. Stock Recommendations - **Texas Roadhouse, Inc. (NASDAQ:TXRH)**: Cramer highlighted the potential for improved gross margins due to tariff cuts on Brazilian beef, which could benefit the restaurant chain as it has maintained customer-friendly pricing [9]. - **Best Buy Co., Inc. (NYSE:BBY)**: Cramer noted that while Best Buy faces challenges from higher interest rates and tariffs, it may benefit from a PC refresh cycle, making it an interesting stock to watch [10].

Core Insights - The Italian government has granted conditional approval for JD.com's acquisition of Ceconomy, which is part of a $2.5 billion transaction [1][2] - The approval falls under Italy's "golden power" regime, allowing the government to impose conditions on strategic asset transactions [1] - JD.com plans to acquire at least 31.74% of Ceconomy, with a potential offer of €4.60 ($5.33) per share [3] Company Overview - Ceconomy operates the MediaMarkt and Saturn retail chains, with a presence in Italy through the MediaWorld brand [1] - As of September 30, 2024, MediaMarkt and Saturn operated 1,030 stores across Europe and employed 50,000 people [4] - In the 2023/24 financial year, Ceconomy reported total sales of €22.4 billion, with €5.1 billion generated from online sales [4] Transaction Details - The Italian cabinet has authorized the transaction but has imposed unspecified conditions that JD.com must fulfill [2] - Walmart recently sold its stake in JD.com for $3.74 billion as part of its strategy to focus on its own operations in China [5]

Core Viewpoint - Best Buy has raised its fiscal year 2026 outlook for revenue and earnings despite weaker profits in Q3, indicating confidence in future performance [1][2]. Revenue and Earnings Outlook - The company now expects full-year revenue between $41.65 billion and $41.95 billion, an increase from the previous range of $41.1 billion to $41.9 billion [1]. - Adjusted earnings per share are forecasted to be between $6.25 and $6.35, up from the earlier guidance of $6.15 to $6.30 [1]. Comparable Sales and Q3 Performance - Best Buy updated its full-year comparable sales outlook to an increase of 0.5% to 1.2%, compared to the earlier guidance of a 1% decline to a 1% rise [2]. - In Q3, the company reported revenue of $9.67 billion, slightly above the $9.44 billion from the same period last year [2][3]. - Domestic revenue rose 2.1% year-on-year to $8.88 billion, driven by a 2.4% increase in comparable sales [3]. Profitability Metrics - Gross profit increased to $2.24 billion from $2.2 billion in the same quarter of the previous year [3]. - Net income for Q3 was $140 million, down from $273 million a year earlier, while operating income decreased to $198 million from $350 million [3]. Category Performance - Key contributors to like-for-like sales growth included computing, gaming, and mobile phones, while home theatre and appliances saw lower sales [4]. - Domestic online revenue reached $2.82 billion, up 3.5% on a comparable basis, representing 31.8% of domestic revenue [4]. Shareholder Returns and Dividends - The company returned $234 million to shareholders in Q3, including $199 million in dividends and $35 million in share repurchases [5]. - A quarterly cash dividend of $0.95 per common share was declared [5]. Digital Marketplace Launch - In August 2025, Best Buy launched its digital marketplace, significantly expanding the range of online products available [6].

Core Insights - Best Buy Co., Inc. (BBY) reported strong third-quarter fiscal 2026 results, with revenues and earnings exceeding expectations and showing year-over-year growth [1][2] Financial Performance - Adjusted earnings were $1.40 per share, surpassing the Zacks Consensus Estimate of $1.31, and increased by 11% from $1.26 per share in the previous year [6] - Enterprise revenues reached $9,672 million, exceeding the consensus mark of $9,576 million, and grew by 2.4% year over year [7][10] - Domestic revenues were $8,878 million, up 2.1% year over year, driven by a 2.4% rise in comparable sales [12] - International revenues increased by 6.1% to $794 million, supported by a 6.3% rise in comparable sales [15] Strategic Initiatives - Best Buy is focused on enhancing the omnichannel customer experience and expanding revenue streams through initiatives like Best Buy Marketplace and Best Buy Ads [2] - The company launched a self-serve platform, My Ads, to support new marketplace sellers and improve advertising capabilities [3] - Best Buy is leveraging AI to enhance customer support and streamline operations, resulting in a 17% decrease in customer contacts [8][21] Product and Service Innovations - The company has introduced the latest AI glasses from Meta in over 50 locations, providing immersive experiences for customers [4] - Best Buy is expanding its product offerings with new experiences featuring brands like Breville and Shark Ninja [4] Shareholder Returns - During the quarter, Best Buy returned $234 million to shareholders, including $199 million in dividends and $35 million in share repurchases [18] - The board has authorized a regular quarterly dividend of 95 cents per share, payable on January 6, 2026 [19] Future Outlook - Management raised its full-year guidance, projecting revenues between $41.65 billion and $41.95 billion, with comparable sales growth of 0.5% to 1.2% [20][24] - For the fiscal fourth quarter, Best Buy anticipates comparable sales growth between down 1% to up 1% and an adjusted operating margin of 4.8% to 4.9% [22][24]