75.19 0.00 (0.00%)
After hours: 5:13PM EST
|Bid||74.00 x 800|
|Ask||75.19 x 1400|
|Day's Range||74.98 - 76.19|
|52 Week Range||47.72 - 78.53|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||13.59|
|Forward Dividend & Yield||2.00 (2.62%)|
|1y Target Est||N/A|
U.S. equities hemmed and hawed on Friday and ultimately, went nowhere. It was a quiet session in the stock market today, as equities took a breather. Record high after record high this week left bulls exhausted, but not without fight. * The S&P 500 moved higher by 26 basis points. * The Dow Jones Industial Average ended the day flat. * The Nasdaq Composite inched higher by 48 basis points. * The Russell 2000 Index finished up 22 basis points.While investors may not have had the stamina to bid shares higher into the weekend, they were strong enough to hold up against potential trade war headwinds. While China and the U.S. both look to strike a deal on their phase one agreement, investors are on edge with each passing headline on the matter.China wants the U.S. to start rolling back more tariffs in good faith; the U.S. wants to keep certain tariffs in place so it maintains some leverage. Can you blame either side?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Medical Marijuana Stocks to Cure Your Portfolio Not really. But let's hope that a phase one deal gets done, and that it leads to a phase two agreement. China and the U.S. coming together could be the catalyst that the global economy needs. Singles DayMonday, Nov. 11 will kick off the Singles Day holiday, a massive one-day annual shopping event in China that was coined by Alibaba (NYSE:BABA). The stock has been trading quite well leading up to the event, hitting its highest level since May -- when trade-war tension crushed BABA lower.In any regard, it's not just Alibaba that benefits from the holiday, although it is certainly the biggest winner when it comes to sales and gross merchandise volume.Much like when Target (NYSE:TGT), Best Buy (NYSE:BBY), Walmart (NYSE:WMT) and others benefit from Amazon's (NASDAQ:AMZN) mid-summer Prime Day event, JD.com (NASDAQ:JD) and other Chinese retailers enjoy Alibaba's Singles Day.One cool feature from Adobe (NASDAQ:ADBE) is how much of a role it plays in e-commerce and analytics. From its outlook, the company believes, "Singles' Day (Nov. 11) is expected to generate more revenue than the popular U.S. shopping holidays Thanksgiving, Black Friday, Cyber Monday and the weekend in between combined."One last thing worth mentioning?Alibaba is still planning a secondary offering in Hong Kong, despite continued unrest in the nation. According to reports, the company plans to do the offering in the last week off November (Thanksgiving week here in the U.S.). Alibaba is looking to raise $10 billion to $15 billion in the sale and would represent the world's "largest-ever cross-border secondary listing."Alibaba IPO'd in 2014 on the New York Stock Exchange. Movers in the Stock Market TodayShares of Activision Blizzard (NASDAQ:ATVI) had a relatively mellow closing price, about flat on Friday. Despite the headline finishing result, the stock had a much wider trading range on Friday after reporting its third-quarter results.Earnings of 32 cents per share topped expectations by 9 cents, while net bookings of $1.21 billion beat estimates by $50 million despite falling 12.3% year-over-year. Surprisingly, shares are holding up despite underwhelming fourth-quarter guidance. Management expects Q4 earnings of $1.15 per share and net bookings of $2.65 billion vs. expectations off $1.27 per share and $2.7 billion, respectively.In an interesting M&A twist, HP Inc. (NASDAQ:HPQ) actually tried to buy Xerox (NYSE:XRX) within the past few months. At the time, HP asked for more time to conduct due diligence. That apparently prompted XRX to make a $22 per share offer for HP earlier this week. It's an interesting proposition, given that HP has a market cap about four times the size of XRX.A combination going the other way -- HP acquiring XRX would have seemingly made more sense -- but the former's interest in the latter may increase the odds that the deal goes through. Remember, Carl Icahn owns about 10% of Xerox at the moment. What Else Happened in the MarketBoeing (NYSE:BA) just can't catch a break when it comes to the 737. Everyone is familiar with the 737 MAX issues that have plagued the company. Now, the 737 NG is a potentially budding issue for BA. The plane's pickle fork has led to some cracking in the jet, and while only a few dozen planes have been identified to have the issue, more planes with less flight time may be popping up with the issue. In other words, more 737 NG jets could have the same issue. * 7 Large-Cap Stocks to Give a Wide Berth Chesapeake Energy (NYSE:CHK) remains below $1 per share. That's even as CEO Doug Lawler and chairman Brad Martin scooped up a combined 125,000 shares amid the decline. Unfortunately, the news may be too little, too late.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post Stock Market Today: These Stocks Will Soar on Upcoming Singles Day appeared first on InvestorPlace.
For Best Buy Co. Inc., Black Friday will last most of November. The Richfield, Minn.-based retailer on Thursday published its Black Friday ad, which includes a changing lineup of discounts throughout the month. As usual, Best Buy plans to hold back some offers until Thanksgiving weekend.
You can get paid to shop on Thursday — if you play your credit cards right. Online shoppers who browse deals through RetailMeNot’s discount and coupon code site during this 24-hour window can get generous cash back offers that are double or triple those of many rewards credit cards. RetailMeNot has dubbed this Cash Back Day, and hundreds of stores, including Amazon (AMZN) Target (TGT) Home Depot (HD) Macy’s (AT:MACY) Disney (DIS) and CVS (CVS) are offering rewards for purchases made on their websites Nov. 7.
Why Thanksgiving and Black Friday sales numbers are considered important indicators for stock market activity throughout the holiday season.
Goldman Sachs recommends that investors consider these solid stocks that are trading at significant valuation discounts to the market.
Hundreds of well-known websites are using a technology, called fingerprinting, that can identify and track even visitors taking steps to keep their privacy.
After its quarterly earnings report, Amazon.com (NASDAQ:AMZN) stock fell below $1720 on Oct. 25, only to snap back nicely the same day. Even though the cloud computing and e-retailing giant lost a Pentagon cloud contract worth as much as $10 billion to its competitor, Microsoft (NASDAQ:MSFT), investors decided that buying AMZN stock on weakness would pay off.Source: Sundry Photography / Shutterstock.com The markets may prove that bullishness wrong if the pressures on Amazon.com's AWS worsen in the future. Still, investors need to weigh the mixed Q3 results against the company's upcoming seasonal strength. Microsoft Selected Over Amazon.com by the PentagonThe U.S. Defense Department selected Microsoft for the Pentagon's Joint Enterprise Defense Infrastructure (JEDI) project, worth up to $20 billion. Amazon.com did not really have much of a chance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMicrosoft's data centers run a dedicated Azure Active Directory ("AAD") that athenticates users of Office 365 and Azure. Amazon.com's AWS does not have such an end-to-end solution, which the DoD requires. * 7 Stocks to Buy in November Q3 Results and CommentaryAmazon.com reported that its cash flow had risen 53% year-over-year in Q3 to $23.46 billion. Its net sales jumped from $56.58 billion to $69.98 billion. But the company's operating income fell 15% to $3.16 billion while its net income sank 26% to $2.13 billion.AWS' performance lagged due to higher sales costs and elevated marketing costs . Additionally, its infrastructure costs rose 30% in the 12 months that ended in September .But higher operating costs are a reflection of stronger demand for its offerings. This suggests that AWS' profitability will improve going forward.On the commerce side, costs rose as Amazon extended its one-day shipping service. One-day shipping continues to differentiate the company from its competitors.As long as others are unable to offer this service, Amazon.com will have a moat. Still, both WalMart (NYSE:WMT) and Best Buy (NASDAQ:BBY) are offering free next-day shipping. If Amazon's competitors successfully offer the service, customers may be less inclined to use Amazon.com.History is on Amazon's side: in the last two years, the YoY growth of its unit sales (the increases in the number of products it sold) accelerated in Q3 and Q4. The fact that Amazon's prices are falling will also cause customers to buy more from the site. Seasonal Strength Ahead for AMZN StockSeasonal strength in Q3 will cause revenue growth to accelerate meaningfully. If the costs of providing one-day shipping fall, AMZN's profits will rise.Faster shipping times and new devices should accelerate AMZN's revenue more than usual, providing a positive catalyst for AMZN stock.Somewhat offsetting the seasonal strength is the fact that the consumption tax in Japan rose from 8% to 10% as of October 1. The increase will likely have a negative impact on AMZN's Q4 Japan sales.Moreover, Amazon.com eliminated its $14.99 per month fee for its Amazon Fresh grocery service. Prime members will get free delivery, spurring higher grocery sales and providing AMZN stock price with another positive catalyst. The Bottom Line on AMZN StockInvestors should no longer count on Amazon's AWS business boosting AMZN stock. Instead, its core e-commerce business needs to demonstrate strong sales growth in the traditionally strong holiday shopping period. AMZN stock price rebounded and erased its losses after the earnings report, showing that investors are also expecting strong results from AMZN ahead. If AMZN stock dips again, considering taking a bullish position in AMZN.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Buy-and-Hold Stocks to Play Investing's Biggest Trends * 7 Stocks to Buy in November * 5 Strong Buy Stocks Under $5 With Massive Upside Potential The post Why Amazon Stock Quickly Snapped Back After Its Quarterly Earnings appeared first on InvestorPlace.
Best Buy Co. Inc. will endow a $2.5 million University of Minnesota scholarship for students pursuing tech careers in the business field.
Though online sales make up an insignificant portion of the total retail backdrop, the exponential growth rate makes it necessary to have a look at the e-Commerce ETFs ahead of the holiday season.
Best Buy Co. Inc. is offering free next-day delivery on thousands of items for the holiday season, but excludes "some bigger and heavier items" like big-screen televisions and refrigerators. For those items not included in the next-day delivery offer, there's free standard shipping. Amazon.com Inc. is investing hundreds of millions of dollars to offer Prime members next-day delivery. Best Buy notes that "no membership" is required to take advantage of its free shipping service. Best Buy is also pushing in-store pickup, saying that 70% of Americans live within 10 miles of a Best Buy, and 40% of online sales are picked up in stores. Best Buy stock has rallied 37.3% for the year to date while the S&P 500 index is up 19.5%.
If you ask business experts what they consider as the biggest comeback, Best Buy (NYSE:BBY) would be among the names. Up until the latter half of the prior decade, Best Buy stock could do no wrong. As the premiere big-box retailer specializing in the latest electronic gadgets, the company enjoyed a seemingly unassailable moat.Source: BobNoah / Shutterstock.com However, e-commerce firm Amazon (NASDAQ:AMZN) started to flex its muscles. As the years passed, brick-and-mortars started to lose their relevancy for the consumer. Because of this dramatic development, BBY stock likewise started to slip. Then came the 2008 financial crisis and subsequent recession, and BBY started to lose all traction.In December 2012, Best Buy stock was a mess and shares hit multi-year lows. During my tenure at Sony (NYSE:SNE), I would often hear the joke that Best Buy was Amazon's showroom: people would come in, try out their target products, and buy it on Amazon.com.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThankfully for BBY stock, that situation has completely reversed. Due to a shift toward service-oriented retail, along with revenue diversification, Best Buy transitioned into a legitimate Amazon competitor. * 10 Stocks to Sell Before December's Meltdown However, management will now need to dig deeply into its bag of tricks. This time, it's not a rival but a geopolitical threat that risks undermining Best Buy stock.With the U.S.-China trade war clouding investment markets this year, the specter dampened China-dependent retailers like BBY. Later, a disappointing showing for the company's fiscal second-quarter earnings report - which demonstrated the trade war's impact - took a sizable chunk out of the BBY stock price.So, how should investors approach shares amid this economic dispute? Positive News for Best Buy Stock Despite the Trade WarOf course, one of the biggest reasons why retail investments like Best Buy stock have suffered volatile or pensive trading is due to the threat of higher prices. Since many if not most of the electronic gadgets that we love are made in China, an unresolved trade dispute would hit consumers in the wallet.Because of this situation, traders took a dim view of Best Buy's fiscal Q2. In it, the company saw a 1.6% lift in same-store sales compared to an expected 2.1% increase. That was probably the biggest negative catalyst for BBY stock. Further, the same-store sales miss confirmed that other competitors, including Walmart (NYSE:WMT), Target (NYSE:TGT) and Amazon encroached on the retailer.However, I believe that management should continue the course with their service-oriented strategy. As a personal example, I finally decided to cut the cord and buy a Roku (NASDAQ:ROKU) player. Being not too savvy about streaming TV, a helpful BBY employee guided me toward the best choice for my needs.Honestly, I don't think I would get that kind of service from your run-of-the-mill Target team member. And Walmart? As Tony Soprano might say, "fuggedaboutit!"Plus, even if the trade war worsened - and let's face it, it probably will - Best Buy stock still has a strong case. Seemingly, people cannot get enough of their gadget addiction. So long as the economy stays reasonably intact, the company offers significant consumer value and convenience.And BBY stock isn't just a retail-centric investment. As I mentioned two years ago, management has shifted their focus toward revenue diversification. One such opportunity is in senior monitoring systems. Over the next few years, this segment has the potential to expand dramatically as baby boomers enter retirement. Buying BBY Stock? Wait Just a Second!Under this context, it appears that Best Buy stock is a long-term buy with nearer-term troubles. While I generally agree with this assessment, the trade war makes things a little more complicated.Currently, I believe that BBY stock has turned into an emotional investment. Although management is making the right moves in terms of diversification, the headlines simply matter more to Wall Street.If so, this would be incredibly problematic for Best Buy stock, along with other discretionary retailers. We've seen multiple head-fakes regarding a trade resolution. I'd almost say that President Donald Trump relishes in toying with the American people.Thus, I'd wait for more substantive news regarding the trade war. Frankly, the potential upside in gambling ahead of such a development is limited relative to the risk that this is all just another fake-out.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell Before December's Meltdown * 7 Software Stocks to Buy for Growth * 3 Large-Cap Stocks to Buy After Earnings The post Best Buy Stock Is Unfortunately a Headline Risk appeared first on InvestorPlace.
Black Friday is still a month off, but Best Buy Co. Inc. (NYSE: BBY) on Tuesday announced a holiday-season kickoff promotion by offering free next-day delivery on most of its products.
Best Buy Co. Inc. is loosening up its in-store dress codes, letting staff wear blue or black jeans instead of slacks and widening the range of allowable shoes.
Billionaire hedge fund managers such as David Abrams, Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the nearly unlimited research abilities of […]
Keurig (KDP) gains from acquisition and partnership strategy as well as efforts to launch innovative products and enhance supply-chain facilities. This should support growth.
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Aaron's (AAN) Progressive segment is performing exceedingly well. This along with solid transformational efforts is likely to keep aiding the company's performance.
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