|Bid||73.80 x 800|
|Ask||73.83 x 800|
|Day's Range||72.81 - 73.96|
|52 Week Range||52.92 - 84.37|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||20.51|
|Forward Dividend & Yield||1.80 (2.48%)|
|1y Target Est||N/A|
Where we were: Sears has been sliding for quite some time, so its bankruptcy is hardly a surprise. Where we’re headed: If a full liquidation comes, Best Buy could see a big benefit, but even if Sears only closes the roughly 200 stores as part of its current plan, it should still help Best Buy’s stock, says Loop Capital. Some may mourn the passing of the former retail behemoth Sears, but such can be the circle of life.
Best Buy (BBY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The change stems from a 2005 legislative overhaul of the bankruptcy code that forced companies to find an agreement within seven months on its real-estate leases, or allow landlords to walk away from the agreement. The law intensifies the pressure on Sears and Chairman Eddie Lampert to restructure the company and turn it into a relevant, viable business. Sears did not respond to requests seeking comment.
Amazon (AMZN) has rapidly expanded its private-label business, which began sometime in 2009, with the company selling items such as batteries. According to TJI Research’s October 2018 report, there are more than 120 private brands and more than 150 exclusive brands on Amazon’s retail platform. Private brands are those created under Amazon’s brand name.
Sears wasn't a big rival to either Minnesota retailer, but it's still one fewer competitor out there. But beware the "dark anchor" effect.
Swedbank, one of Sweden’s largest banks, disclosed Thursday that it initiated large positions in those stocks in the third quarter.
Strategic initiatives such as Best Buy 2020 plan and Store-in-a-Store concept will drive Best Buy's (BBY) growth in near future.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Best Buy (BBY) have what it takes? Let's find out.
First, of course, there is the Fed. By tracing out a path of multiple rate hikes regardless of the data -- which is really what has happened here -- the Fed is saying "we can't have people make more money than they are because wage inflation must be stopped." One of the chief reasons why retail blossomed was because corporations and individuals -- except in certain Democratic states -- got big tax cuts.
Kent has more than 25 years of experience across a variety of roles in the health care industry. She most recently served as president and general manager of the Infection Prevention Division at 3M Co., a global science company that manufactures and markets products and services across a range of industries.
Minnesota keeps losing its billionaires to Florida, and the latest departure leaves the state with just a single entry on the Forbes 400 list of richest Americans.
With the peak holiday shipping season fast-approaching, global package delivery giant FedEx Corp (FDX.N) is paying retirement-age pilots bonuses of $40,000 - and potentially as much as $110,000 - to keep them flying into next year, according to two sources with knowledge of the matter and a contract seen by Reuters. Any problem in maintaining capacity for FedEx, which many economists consider a barometer of U.S. economic strength, disrupts supply chains at a time when they are already being destabilised by international trade tensions. FedEx and rival United Parcel Service Inc (UPS.N), which is trying to recruit hundreds of pilots this year but is not paying bonuses, play a crucial role in global supply chains from aerospace to retail, particularly during the holidays when average daily delivery volumes can double.
Target will face stiff competition from other retailers on the seasonal hiring front. Kohl's and J.C. Penney started hiring temporary help months ago, and Amazon this week raised its starting wage for U.S. workers to $15 per hour, above Target's base pay.
Amazon (NASDAQ:AMZN) just announced yet another new brick-and-mortar store venture. Not content to sell groceries through Whole Foods and no line-up snacks and meals through Amazon Go, the company is opening a new physical store called Amazon 4-star. This one is aimed at urban, small format general merchandise stores from the likes of Target (NYSE:TGT).
Best Buy (BBY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on September 20. Over the last month, growth of ETFs holding BBY is favorable, with net inflows of $20.59 billion.
Shares of GoPro (NASDAQ:GPRO) are surging higher out of a multi-month consolidation range on Wednesday after shares received an upgrade from analysts at Oppenheimer on positive steps management has taken to implement a focused turnaround strategy. The company will next report results on Nov. 1, after the close. Analysts are looking for a loss of 14 cents per share on revenues of $272 million.
The former Weight Watchers International, Inc. (NYSE: WTW) switched its name to WW. Both of these alterations come shortly after the perhaps ill-fated marketing campaign for burgers at Dine Brands Global, Inc. (NYSE: DIN)’s IHOP. Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG)’s Google was renamed in 1997, as the founders wanted to find a name that exemplified just how much data was retrieved using their software.
Moody's Investors Service ("Moody's") today affirmed Best Buy Co., Inc.'s ("Best Buy") Baa1 senior unsecured rating, and changed the outlook to positive from stable. "The change in outlook to positive recognizes that Best Buy is strongly positioned and is a leader in the rated retail universe of transitioning online," stated Moody's Vice President Charlie O'Shea. "Best Buy continues to maximize the effectiveness of its store base and consultative selling capability and it is far along in achieving the difficult goal of seamless inventory for store and online sales while the company is also increasing its online shipping directly from distribution which removes an important layer of cost," continued O'Shea.
Apple Inc.’s ( AAPL) decision to kick off its iPhone release schedule with pricier models forms part of a calculated strategy to squeeze more money from customers, the The Wall Street Journal reported. The Cupertino, California-based company plans to launch its organic light-emitting diode (OLED) devices, the iPhone XS and XS Max, five weeks before its least expensive new phone, the XR, hits stores. The LCD screen XR has a starting price of $749, while the XS and XS Max, due to be released Friday, cost in excess of $1,000.
While a balanced portfolio allows for some speculation, now is also a great time to consider S&P 500 stocks. Since the second half of this year, the S&P 500 has gained nearly 7%. Another reason to consider S&P 500 stocks is that they’re more stable on the way down.