|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||76.04 - 77.74|
|52 Week Range||51.61 - 79.90|
|PE Ratio (TTM)||22.40|
|Earnings Date||Aug 27, 2018 - Aug 31, 2018|
|Forward Dividend & Yield||1.80 (2.39%)|
|1y Target Est||75.80|
SAN FRANCISCO/WASHINGTON (Reuters) - Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs. Companies are attempting to avoid any confrontation with U.S. President Donald Trump but want to exert as much influence as they can to dissuade him from tearing up trade agreements or introducing tariffs on a wide swath of imports. Amazon, the world's largest online retailer and cloud-computing company, which could be hurt by tariffs on items sold through its website and components for its data centers, is discussing industry-wide advertising campaigns and more extensive government lobbying, a person familiar with the matter told Reuters on condition of anonymity.
The company has doubled its digital sales in five years and made other changes to turn around the business -- but is it enough?
Retail stocks are on the move. One such beaut is Best Buy (NYSE:BBY), which galloped 2.1% higher Thursday. It seems like just yesterday — it was 2012 — that investors were clamoring about the death of brick and mortar retailers.
Retailers owe Amazon.com Inc. While Amazon was busy announcing on Wednesday, July 18, that customers worldwide bought more than 100 million products, valued at $3.5 billion in sales for Prime Day, large bricks-and-mortar retailers cashed in, too. "As a result of Amazon's 'holiday' increasing in popularity, numerous retailers offered deals on their own sites to combat Amazon, turning mid-July into a mini-holiday-shopping season," said ADI director Taylor Schreiner in the report.
Huawei Technologies, the Chinese smartphone maker, is closing in on Apple Inc. ( AAPL), announcing that it shipped 100 million phones as of Tuesday and that it is on track for total shipments of 200 million units this year. If that goal is met, it would put it within reach of Apple, which is in second place in terms of smartphone shipments behind Samsung Electronics. The South China Morning Post reported that the shipment of 100 million is the fastest pace Huawei has seen in years.
In Best Buy’s perfect world, all 380 of its new “in-home advisors” would park their clean, white Priuses in front of a customer’s house rather than in the driveway, where the car could block others. After knocking gently on the front door, they would step back and stand to the right, smiling, head down slightly, arms uncrossed, name tag visible on their blue, wrinkle-free Best Buy polo shirts.
Walmart (NYSE:WMT) CEO Doug McMillon has done an excellent job building a reputable online business since taking the top job in February 2014. Walmart began its e-commerce initiatives in 2000 when it launched Walmart.com.
Home furnishings and décor retailer At Home Group Inc. (home) says proposed tariffs on $200 billion in Chinese goods won't have a material impact on results for fiscal 2019 or fiscal 2020. "Additionally, with an average selling price of less than $15 and an average basket of approximately $65, the company believes that in some circumstances, price adjustments could be made without materially affecting its overall customer value proposition," At Home said.
Learn about companies that Amazon competes with — including Google, Alibaba Group, Walmart and Target — in each of its different revenue segments.
Growth at a reasonable price stocks — or GARP stocks — are a good fit for investors who are looking for equities that can rise significantly over the longer time, but are wary about owning expensive shares. For investors looking for GARP stocks, here are 4 to check out today. Best Buy Co Inc (NYSE: BBY) stock is trading at a forward price to earnings ratio of under 14, and its price to sales ratio is a tiny 0.48.
As Amazon Prime Day is round the corner, brick-and-mortar retailers are looking for ways to compete with the astounding sales that are almost scaling near the “Black Friday” level. This calls for investing in retailers poised to gain from their promotional sales campaigns during this Amazon Prime Day event. This year’s Prime Day starts off on Jul 16 and wraps up on Jul 17.
How much is on-call tech support—at home, rather than in your office—worth to you? Best Buy (BBY) hopes it’s worth $200 a year, and if it does, according to new research, it could soon give earnings a lift. The company took the service—essentially, an all-you-can-eat Geek Squad, that will take care of you whether or not your tech gear was bought at Best Buy—out of beta mode in May. It covers in-store visits, phone and digital service.
Inc., according to retail analysts. “A negative development from [Tuesday’s] U.S. Trade Representative’s new list of products is that television parts along with monitors are now included,” analysts wrote in a note .
It might seem counterintuitive to add retail stocks to your portfolio right now, but these companies are positioned to thrive in the e-commerce era.
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 15. Over the last one-month, outflows of investor capital in ETFs holding BBY totaled $349 million.
U.S. retail sales started the year on a softer note, but the latest reading from the Commerce Department in mid-June showed a stronger turnaround in consumer spending. Retail sales rose 0.8 percent in May and were up 0.9 percent excluding auto sales. Consumers still appear to be confident about their current economic situation and have been optimistic overall.
Best Buy Co. Inc. teamed up with Vivant Smart Home a year ago to help sell home-monitoring and similar products. But the retailer is reportedly shaking up the arrangement.