Best Buy & AutoZone race ahead; Nutrisystem fattens up

Here are some of the stocks the Yahoo Finance team will be following for you today...

Investors are buying up shares of Best Buy (BBY) ahead of the open. The consumer electronics retailer posting better-than-expected earnings per share..but revenue slightly missed forecasts during the holiday quarter. Best Buy also saying it would buy back $1 billion worth of stock over three years, pay a special dividend of 51 cents a share and increase its regular dividend by 21% to 23 cents a share.

Shares of AutoZone (AZO) are higher before the bell.The auto parts retailer postings earnings and revenue that raced past forecasts. Sales jumped 7.5% from a year earlier thanks to strong same-store sales growth as inventories rose and the company opened new stores.

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We are also keeping an eye on shares of Nutrisystem (NTRI). The stock soaring in early trading. The weight loss management company reporting a beat on both its top and bottom lines, with revenue rising more than 13% from a year earlier.

And we're watching a deal in the banking space. Citigroup (C) is selling its consumer finance unit OneMain to subprime lender Springleaf Holdings (LEAF) for nearly $4.3 billion in cash. The deal will help Citi pay down its debt and boost its earnings by a billion dollars. The move is also part of Citi's plan to shed unwanted assets and shift its focus to wealthier clients.  Shares of Springleaf are way up on the news.

 

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