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See what the IHS Markit Score report has to say about Best Buy Co Inc.

IHS Markit

Best Buy Co Inc

NYSE:BBY

Score: Positive (87)

15 days at current score.

Upgraded from Neutral on August 31st 2017

View full report here!

Summary


  • This company ranked positively in all 4 IHS Markit categories and versus the Consumer Services sector
  • Perception of the company's creditworthiness is positive and improving
  • ETFs holding this stock are seeing positive inflows
  • Bearish sentiment is low
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Positive

Short interest is low for BBY with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.

Money flow

ETF/Index ownership | Positive

ETF activity is positive. Over the last month, ETFs holding BBY are favorable, with net inflows of $9.30 billion. Additionally, the rate of inflows is increasing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator with a strengthening bias over the past 1-month. BBY credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.

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