Breaking News:

Jim Cramer says Wait on Best Buy Until Friday

Now watching

Next video starts in : 7 Play

Jim Cramer says Wait on Best Buy Until Friday

Jim Cramer says Wait on Best Buy Until Friday
Replay video
Up next

Scots vote on independence referendum

Scots vote on independence referendum Up next

Scots vote on independence referendum

Unlock your personal NFL Now stream by signing in to NFL.com

Jim Cramer says Wait on Best Buy Until Friday

TheStreet.com Videos 0:39 mins

TheStreet's Action Alerts PLUS Co-Portfolio Manager Jim Cramer says if you see a stock down as much as Best Buy, wait for the second day of trading before making a decision to buy. Analysts who were bullish on Best Buy shares through the $30 level were optimistic there would be no real gross margin degradation and same-store sales would be up. Instead, the opposite happened and analysts are now saying Best Buy is more like Amazon. If you really think the company is making a comeback, wait until tomorrow to buy shares of Best Buy.

View Comments (1)