|Bid||77.78 x 900|
|Ask||77.80 x 800|
|Day's Range||77.24 - 79.99|
|52 Week Range||52.92 - 84.37|
|PE Ratio (TTM)||21.57|
|Earnings Date||Nov 14, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||1.80 (2.23%)|
|1y Target Est||80.26|
Amazon hit a $1 trillion market cap on Sept. 4, becoming the second U.S. company to achieve this milestone, behind Apple. It's currently valued at more than these 21 other major retailers combined, despite generating significantly less sales.
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.
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 $17.99 billion.
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.
If you are interested in cashing in on Best Buy Co Inc’s (NYSE:BBY) upcoming dividend of US$0.45 per share, you only have 4 days left to buy the shares beforeRead More...
The pace of hiring in the United States quickened in August, and wages grew at their fastest pace in nine years — evidence that employers remain confident despite the Trump administration's ongoing conflicts with its trading partners. The economy added a strong 201,000 jobs, and the unemployment rate stayed at 3.9 percent, near an 18-year low, the government said Friday in its monthly jobs report. Taken as a whole, the data pointed to a job market that remains resilient even after nearly a decade of economic growth — the second-longest such stretch in U.S. history — and even with tariffs and counter-tariffs on imports and exports looming over U.S. employers that rely on global trade.
You would think e-commerce and cloud computing giant Amazon.com (AMZN), after 20 years of unfettered growth, would have run out of room to pump up its top line. But the company continues to choose new opportunities. Amazon is willing to try its hand at almost any sort of business, does well at the bulk of them - and threatens to destroy dozens of other companies with its success. The latest foray into unfamiliar territory? The June acquisition of PillPack turns Amazon into a mail-order pharmacy, with a twist. PillPack packs all pills it dispenses into individual bags, each with a unique time and date to be consumed by the customer. That's not Amazon's first venture outside its space. Amazon's also a grocer, a fashion venue, a peddler of handmade crafts and even a video game developer, just to name a few. As a result, Amazon has become at best a headache, at worst a survival threat, for any rival organization in its past. Indeed, in November, we tallied up 32 companies that looked like potential victims of Amazon's never-ending expansion. Today, we're looking at 49 companies Amazon could kill - a few updates of the original list, but also an alarming number of new outfits that have fallen into Amazon's crosshairs - as well as one confirmed kill. SEE ALSO: Millionaires in America: All 50 States Ranked
The cover story in this weekend's Barron's reviews what the sector overhaul could mean for the tech sector. Other featured articles examine the prospects for a railroad operator on the right track and a tech company trying out co-CEOs. "Alphabet and Facebook Are Out of the Tech Sector" by Daren Fonda takes a look at Standard & Poor's and MSCI's overhaul of the taxonomy that categorizes companies into sectors, industries, and the like.
Sometimes good just isn’t good enough, as Best Buy (BBY) found out after releasing earnings. Best Buy reported its financial results for the second quarter of its fiscal-2019 year last Tuesday, and its shares promptly tumbled 5%. In fact, Wall Street continues to underestimate Best Buy, which has demonstrated that it is doing something right in a very difficult retail environment.
Why have no analysts just gone out and said "this whole group is the single best group in the market. It's simply beyond the ken of most of these analysts -- and they are a very good group, a long-standing brethren of hard working people -- to believe that things can be this good. had, at last, gotten its arms around Family Dollar -- even as your eyes show you that they are still pretty awful -- you might hurt people.
GameStop (NYSE:GME) will report earnings next week, and investor sentiment is the basement. Wall Street is expecting a year-over-year decline in both revenue and earnings, and investors have bailed on GameStop stock following the end of buyout rumors. GameStop has struggled with slow video game and console sales this year, despite an overall buying trend among retail stocks.
Best Buy’s (BBY) 12-month forward PE ratio fell 7.9% to 14.8x on August 28, the day the company announced its results for the fiscal second quarter of 2019. Best Buy’s fiscal second-quarter results exceeded analysts’ expectations, and the company raised its revenue and earnings guidances for fiscal 2019. As of August 29, Best Buy was trading at a 12-month forward PE of 14.8x.
Best Buy’s (BBY) gross margin contracted 30 basis points YoY (year-over-year) to 23.8% in the fiscal second quarter of 2019. The gross margin of the company’s Domestic segment contracted 20 basis points to 23.8% due to higher supply chain costs resulting from increased investments, higher transportation costs, and the national rollout of the company’s Total Tech Support service. Higher margins in the smart home and appliance categories were partially offset by margin pressures in the mobile phone and computing categories.
What drove Best Buy’s fiscal second-quarter revenue? Best Buy’s revenue growth in the fiscal second quarter of 2019 was driven by same-store sales growth of 6.2%. Best Buy’s Domestic segment revenue grew 4.4% to $8.6 billion in the fiscal second quarter of 2019.