Is Best Buy Stock a Surprising Buy After Earnings Miss?
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- BBY
Best Buy stock is down less than 1% on Tuesday after the electronics retailer reported earnings. Considering how the market is trading — the S&P 500 is currently off 1.2% — and how retail stocks have reacted to earnings this quarter — Abercrombie & Fitch is down 30% as of this writing — today's flat price action for Best Buy looks pretty good. Further, Best Buy stock is currently down 50% from its all-time high.