|Bid||0.00 x 1800|
|Ask||0.00 x 1400|
|Day's Range||65.52 - 67.56|
|52 Week Range||55.82 - 84.37|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||18.46|
|Earnings Date||Nov 20, 2018|
|Forward Dividend & Yield||1.80 (2.66%)|
|1y Target Est||78.22|
It will be a short week with Thanksgiving on Thursday, but investors can expect the last bulk of retail earnings and housing data.
Investing.com - Rhetoric rather than economics could be the main driver of sentiment in the week ahead, as investors watch further developments in the ongoing trade dispute between the United States and China.
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.
Best Buy (BBY) is slated to announce its results for the third quarter of fiscal 20191 on November 20. The stock was down 1.0% as of November 15 on a year-to-date basis, and it has declined 17% since the second-quarter results in August. Best Buy beat analysts’ expectations for the fiscal second quarter, but the stock declined as the company issued lower-than-expected earnings guidance for the third quarter. In the second quarter, Best Buy’s adjusted EPS grew 31.9% to $0.91 and exceeded analysts’ expectation of $0.83.
It was Wilbur Ross’s word (still planning tariff hike on Chinese imports in January) versus reported comments from USTR’s Lighthizer (next tranche of levies already on hold) that ultimately made every trader’s head spin when the denial from Lighthizer’s office hit the tape.
US trade and Brexit developments will continue to steal attention next week even as trading volumes are expected to sag around the Thanksgiving holiday. Next week, investors will seek out clues on the health of retailers as they await quarterly earnings updates and spending figures over the Black Friday shopping weekend. Mrs May’s efforts follow a series of cabinet resignations, including Brexit secretary Dominic Raab, and the threat of a Eurosceptic coup.
A prime example is the so-called “Santa Claus rally.” The theory goes that the best stocks to buy right now are those which consistently rise in December. Simply pick out the best stocks that provide the most returns in December, and voila! You have free money in your portfolio. Some market analysts are adamant that the Santa Claus rally is real, backing up their sentiment with hard data.
In this article I am going to calculate the intrinsic value of Best Buy Co Inc (NYSE:BBY) by taking the expected future cash flows and discounting them to their present Read More...
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on November 9. Index (PMI) data, output in the Consumer Services sector is rising.
Quietly, Walmart (NYSE:WMT) and other big-box retail stores are having a resurgence, boosting their stocks. In fact, Walmart stock has weathered the markets’ recent downturn quite well, as WMT has actually risen about 7% since Oct. 1. On the other side of the equation, Amazon is starting to show some cracks.