BBY - Best Buy Co., Inc.

NYSE - NYSE Delayed Price. Currency in USD
60.18
+0.61 (+1.02%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close59.57
Open60.06
Bid60.00 x 800
Ask60.39 x 900
Day's Range59.63 - 60.43
52 Week Range47.72 - 84.37
Volume1,951,642
Avg. Volume4,045,437
Market Cap16.195B
Beta (3Y Monthly)1.19
PE Ratio (TTM)15.77
EPS (TTM)3.82
Earnings DateFeb 27, 2019
Forward Dividend & Yield1.80 (3.02%)
Ex-Dividend Date2018-12-10
1y Target Est70.16
Trade prices are not sourced from all markets
  • A new tactic for smart-home security: shaming Walmart
    Yahoo Finance2 days ago

    A new tactic for smart-home security: shaming Walmart

    If you want to help improve the security of smart home devices, you might want to start by shaming the retailers who sell the least secure gadgets.

  • Store Closures Coming in 2019, but Don't Call It a Retail Apocalypse
    Motley Fool2 days ago

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  • Apple retail store creator: 'They are a victim of their own success'
    Yahoo Finance5 days ago

    Apple retail store creator: 'They are a victim of their own success'

    Apple's new retail store leader, Deirdre O’Brien, has some work to do, suggests former long-time store chief Ron Johnson.

  • Best Buy tops Barron's 'Most Sustainable Companies' list
    American City Business Journals5 days ago

    Best Buy tops Barron's 'Most Sustainable Companies' list

    The retailer, which has operated an e-waste recycling program for a decade and cut its carbon emissions by half over the same period, was No. 3 on last year's ranking.

  • Exclusive: Walmart, Google-backed Deliv end online grocery partnership
    Reuters5 days ago

    Exclusive: Walmart, Google-backed Deliv end online grocery partnership

    The world's largest retailer began bolstering its partnerships with third-party courier firms to reach consumers in 100 U.S. cities last year, after failing to use Uber and Lyft to deliver groceries, and struggling in its attempt to use its own employees to deliver goods. Deliv, which was one of Walmart's earliest partners with pilot programs in Miami and San Jose, served the retailer with a 90-day termination notice, and the two companies stopped working with each other in late January, according to two people familiar with the situation. Walmart confirmed the previously unreported decision, and said it still partners with seven delivery firms, including DoorDash and Postmates, four of which it signed up in January.

  • InvestorPlace6 days ago

    Why the Rally in Fitbit Stock May Be on Its Last Legs

    Shares of Fitbit (NASDAQ:FIT) are off to a red-hot start in the New Year, with Fitbit stock up more than 35% year-to-date, and we aren't even halfway through February. The big rally can be attributed to a growing feeling on Wall Street that Fitbit's new Versa smartwatch led the wearables company to a strong holiday period. As such, investors have been bidding up Fitbit stock in anticipation of strong fourth-quarter numbers.But, Fitbit stock has come too far, too fast, and is due for a pullback soon.To be sure, Q4 numbers should be really good. There's an increasing amount of data which suggests that Fitbit did have a strong holiday period, led by strong smartwatch sales. That further supports the long-term bull thesis that the worst is over for this company.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Dividend Stocks to Buy for the Next 10 Months But, optimism regarding that long-term bull thesis is already fully priced into Fitbit stock. At nearly $7, near- to medium-term upside looks fundamentally limited. But the risk for downside is quite large, both from a technical and fundamental perspective.As such, Fitbit stock is best avoided here. The next big move in the stock will likely be lower. Strong Holiday Numbers In StoreThe 30%+ year-to-date rally in Fitbit stock can be attributed to bullish sentiment regarding Fitbit's holiday period.That bullish sentiment is warranted. According to Google Trends, it does appear that both domestic and global search interest related to the Fitbit brand bounced back this holiday season, after several years of fading interest. Also, it appears this strength was driven by interest in Fitbit's newest smartwatch, Versa. Web-traffic trends are likewise favorable. Also, on Walmart (NYSE:WMT), Target (NYSE:TGT), Amazon (NASDAQ:AMZN), and Best Buy's (NASDAQ:BBY) online bestselling smartwatches lists, Fitbit holds its own against industry heavyweights like Apple (NASDAQ:AAPL), Fossil (NASDAQ:FOSL), and Samsung.In other words, it does seem like Fitbit had a really good holiday period, led by robust smartwatch strength.That's a big deal. The whole Fitbit turnaround is predicated on this company pivoting from dying basic activity tracker company, to growing smartwatch company. This turnaround appears to have taken hold in late 2018. As such, the worst does appear to be in the rearview mirror. From here forward, revenue growth should return to positive territory, gross margins should stabilize, and the opex rate should fall. All together, profitability looks likely within the next several years.Overall, it looks like Fitbit had a really strong holiday quarter, and that gives firepower to the bull thesis that things will only get better from here. Theoretically, that thesis should drive Fitbit stock higher. But, it already has, and further upside looks limited, even if the bull thesis plays out as planned. Good News Is Priced InAs always, things come back to valuation. With respect to Fitbit stock, the valuation simply does not make sense with the stock price around closing in on $7.Long-term fundamentals don't support Fitbit stock at those levels just yet. In a best-case scenario, revenues bottom at $1.5 billion this year, and proceed to grow by ~10% per year over the subsequent five years due to smartwatch growth and data partnerships. Also in a best case scenario, gross margins stabilize around 40%, and operating expenses stay around $800 million even amid increasing revenues.All together, that leads me to believe that a best-case outcome for Fitbit is $0.50 in EPS by fiscal 2023. Based on competitor Garmin's (NYSE:GRMN) average forward P/E multiple of 18, that equates that a fiscal 2022 price target for Fitbit stock of $9. Discounted back by 10% per year, that equates to a fiscal 2019 price target of just under $7.That's where Fitbit stock trades today. As such, fundamentals imply zero upside into the end of 2019.Also, the technicals look stretched here. Fitbit stock is up 45% since Christmas Eve 2018. That huge rally has pushed the stock's Relative Strength Index into overbought territory. It has also pushed the stock nearly 20% above its 50-day moving average. Meanwhile, if you look at the stock chart over the past year, this rally looks more like a cyclical upturn before a cyclical downturn, than a breakout in the stock. * 7 Breakout Stocks In Early 2019 Bottom Line on FIT StockThe underlying narrative and fundamentals supporting Fitbit stock are improving thanks to a successful smartwatch pivot. But, those improvements are more than fully priced in at current levels and with the stock up more than 30% year-to-date. Consequently, the next big move in Fitbit stock will likely be lower.As of this writing, Luke Lango was long TGT, AMZN, BBY, AAPL, and FOSL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Fundamentally Sound Dividend Stocks to Buy * 5 Reasons Reeling FAANG Stocks Won't Deliver Big Returns * 3 Reasons Canopy Growth Could Burn You Compare Brokers The post Why the Rally in Fitbit Stock May Be on Its Last Legs appeared first on InvestorPlace.

  • Benzinga7 days ago

    Barron's Picks And Pans: BB&T, Best Buy, Boeing And More

    This weekend's Barron's cover story reveals the latest ranking of the most sustainable U.S. companies. Other featured articles discuss whether a new wave of financial mergers is coming and stocks that ...

  • Markit9 days ago

    See what the IHS Markit Score report has to say about Best Buy Co Inc.

    Best Buy Co Inc NYSE:BBYView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for BBY with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on January 15. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding BBY totaled $18.21 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. BBY credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Who are Amazon's (AMZN) main competitors?
    Investopedia10 days ago

    Who are Amazon's (AMZN) main competitors?

    Learn about companies that Amazon competes with — including Google, Alibaba Group, Walmart and Target — in each of its different revenue segments.

  • Why Best Buy Stock Gained 12% in January
    Motley Fool11 days ago

    Why Best Buy Stock Gained 12% in January

    Shifting investor moods helped the stock claw back some of the prior month's decline.

  • American City Business Journals16 days ago

    Report: Target's app charges higher prices to customers near a store

    An two-month investigation from Kare 11 found that, if a customer has his or her location services turned on, Target's app can charge a higher price on certain items to shoppers that are already near a store. Far-away shoppers can be charged less for a certain item, providing them an extra incentive to shop.

  • Best Buy Co., Inc. (NYSE:BBY) Earns A Nice Return On Capital Employed
    Simply Wall St.16 days ago

    Best Buy Co., Inc. (NYSE:BBY) Earns A Nice Return On Capital Employed

    Want to help shape the future of investing tools? Participate in a short research study and receive a subscription valued at $60. Today we'll evaluate Best Buy Co., Inc. (NYSE:BBY) Read More...

  • 10 Super Bowl Deals to Upgrade Your Big Game Experience
    InvestorPlace17 days ago

    10 Super Bowl Deals to Upgrade Your Big Game Experience

    Sunday is the big day, Super Bowl LIII. When the Patriots and Rams duke it out for football supremacy, a massive audience is going to be watching the game from home. If you're planning a party, there is still time to snag some Super Bowl deals on a big-screen TV or room-shaking audio system -- the key components to making it feel as though you are actually at the game (no offence to the snacks, those are also important). * 7 Stocks With Too Much Riding On China Many retailers are running Super Bowl sales, but those can change day to day, especially as the weekend approaches. So we've put together a list of 10 Super Bowl deals on TVs and sound systems, direct from the manufacturers. You may also be able to find these promotional prices in stores. These 10 deals can save you big money. Money that could be redirected towards that snack budget… InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: LG ### Super Bowl Deals on TVs and Sound Systems: LG OLED65B8PUA 65-inch 4K HDR Smart OLED TV w/ AI ThinQ LG is the leader when it comes to OLED TVs and the company is offering some serious Super Bowl TV deals. The sale ends February 2. The LG OLED65B8PUA is a highly rated premium OLED TV -- in fact, it was named the "Best TV Overall" by Consumer Reports in 2018. It offers 4K resolution, a 65-inch panel, bright colors and support for virtually any high dynamic range standard you care to pick, including Dolby Vision HDR, and HDR10. It also delivers Dolby Atmos sound. Built-in Google Assistant answers questions like what time the game starts, and can be used to control smart home devices by voice right from the TV remote. LG has marked down the 65-inch model from $3299.999 to $2299.99 during this promotion, making it an exceptional buy. Source: LG ### Super Bowl Deals on TVs and Sound Systems: LG 86UK6570PUB 86-inch 4K HDR Smart TV LG may be best known for its OLED TVs, but it makes some pretty nice LED models as well. And the company has a great option on sale right now for those who want to really go big for the Super Bowl. * 5 Dividend Stocks to Help You Through the Market's Mayhem The 86UK6570PUB is a 4K HDR smart TV with a massive 86-inch screen. That's virtually big enough to qualify as a wall. And right now the discount matches the screen size: with this Super Bowl deal you can spend $2,499.99 instead of $4,499.99! That's $2k in your pocket, which really helps to justify buying a new TV to watch the Super Bowl on. Source: Sonos ### Super Bowl Deals on TVs and Sound Systems: SONOS Playbar SONOS (NASDAQ:SONO) has put its popular, wireless home theater sound systems on sale just in time to add it to our list of Super Bowl deals. The SONOS Playbar, is a popular pick, especially marked down to $599. It offers cinematic sound and enhanced speech (perfect for picking up colorful on-field comments), packing nine drivers in a unit that eliminates speaker cables. It can be placed on a cabinet, or easily wall mounted. Connect an Amazon (NASDAQ:AMZN) Echo smart speaker and you can control the SONOS Playbar by voice. And if you decide you want to upgrade to 5.1 surround sound, you can add a pair of SONOS wireless speakers and a SONOS wireless subwoofer at any time. Source: Amazon ### Super Bowl Deals on TVs and Sound Systems: Amazon Fire TV Recast Speaking of Amazon, the company currently has a Super Bowl deal on its Fire TV Recast over-the-air DVR, at $189.99 with 500GB of storage. This is a great option if you live in a city where HD television broadcasts are available. * 5 Industrial Stocks to Buy Connect the Fire TV recast to an antenna, and you can beam the big game live to a Fire TV, Echo Show or mobile device. If you work on Super Bowl Sunday, the Fire TV Recast lets you record the broadcast over the air. You can then watch the big game at your leisure. Unlike cable company DVRs, there's no monthly rental to pay on Amazon's, so if you live in a city where over-the-air HD television is available, it's a pretty good deal. Source: Amazon ### Super Bowl Deals on TVs and Sound Systems: Insignia 55-inch 4K Ultra HD Smart LED TV with HDR -- Fire TV Edition If you're looking for a new TV on a budget, Amazon has an option worth considering in the Insignia 55-inch 4K Ultra HD Smart LED TV with HDR -- Fire TV Edition, and it's on sale. Insignia isn't the best known TV brand, but the company partnered with Amazon and Best Buy (NYSE:BBY) for a series of televisions that have Amazon's Fire TV streaming functionality built-in. This model has a 55-inch 4K UHD panel, HDR support, an Alexa voice remote and Wi-Fi connectivity. At $450 it was already affordably priced, but Amazon currently has it down to $379.99, which is definitely in bargain territory. Source: Samsung ### Super Bowl Deals on TVs and Sound Systems: Samsung 65-inch Q6FN QLED Smart 4K UHD TV Samsung is offering discounts of up to 30% off its TVs if you buy before the Super Bowl. The company is really pushing its QLED TVs -- quantum dot panels that promise to deliver color and black levels that compete with OLED -- while guaranteeing no risk of screen burn-in. The 65-inch Q6FN QLED Smart 4K UHD TV would be a great choice for viewing a football game. It's big, bright, has 4K resolution and HDR support. Samsung's Motion Rate 240 feature ensures no blur, making this TV perfect for watching sports. * 3 Reasons NOT to Invest in Lithium Stocks During this sale, Samsung is knocking $700 of the price tag, making it $1499.99, and if you also buy a Samsung soundbar you can save an additional $200. Source: Samsung ### Super Bowl Deals on TVs and Sound Systems: Samsung Q7CN QLED Curved Smart 4K UHD TV Not everyone has a bunch of people crowded in their rec room to watch the football game. Some people are going to be watching it by themselves. That has advantages, like not having to worry about people double-dipping in the salsa, or having to listen to arguments about whether Brady is the GOAT or not. A curved TV is a great choice for solo viewing. These sets aren't the best when people are scattered throughout a room, but for one person sitting front and center, the curve makes for an exceptionally immersive viewing experience. Samsung has its 55-inch Q7CN QLED Curved Smart 4K UHD TV (with a quantum dot panel) on sale for $1399.99 -- $600 off the regular price. Source: Vizio ### Super Bowl Deals on TVs and Sound Systems: VIZIO P-Series Quantum 65"Class 4K HDR Smart TV American TV manufacturer VIZIO has some great Super Bowl deals, including the P-Series Quantum 65"Class 4K HDR Smart TV at $1599, which is $500 off. This high end television uses quantum dot technology along with 192 local dimming zones to achieve spectacular colors and deep blacks that rival OLED. I saw this set side-by-side with a popular OLED TV when it first launched and to tell the truth, I preferred the brilliant color output of the Vizio P-Series. At 2000 nits, it's also incredibly bright. * 7 Stocks With Too Much Riding On China Of course it includes the expected features like 4K resolution and Dolby Vision HDR. The "smart" part is VIZIO's SmartCast OS, with built-in Google Chromecast, and support for voice control via Alexa and Google Assistant devices. Source: Vizio ### Super Bowl Deals on TVs and Sound Systems: VIZIO 36″ 5.1.2 Home Theater Sound System with Dolby Atmos To enjoy the big game properly, you need big sound. VIZIO has been making a name for itself with some of the most compelling sound bar-based home theater audio systems in the business. The VIZIO 36″ 5.1.2 Home Theater Sound System with Dolby Atmos is discounted by $100 to $399.99 just in time for the Super Bowl. The heart of the system is a 36-inch sound bar with speakers that fire ahead and upward. Add two satellites and the wireless subwoofer and the room will be shaking for every touchdown. Source: TCL ### Super Bowl Deals on TVs and Sound Systems: 65-inch TCL 6-Series 4K Dolby Vision Roku Smart TV The final TV on this list isn't actually on sale. But when you can offer an award-winning, high performance, 65-inch 4K HDR TV for under $1,000 then you probably don't need to use sale prices to move units. * 5 Stocks to Buy for Trump's Wall -- No Matter Form It Takes! China's TCL is the fastest growing TV brand in the U.S. The company has been shaking things up by offering the latest technology -- including 4K resolution, Dolby Vision HDR and voice control remotes -- at bargain prices. This TCL 6-Series TV has a 65-inch LED panel, integrated Roku (NASDAQ:ROKU) smart streaming functionality and at $999.99 there's little wonder it's so popular. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Machine-Learning Stocks to Buy for a Smarter Portfolio * 10 Stocks to Sell in February * 10 Triple-A Stocks to Buy in February Compare Brokers The post 10 Super Bowl Deals to Upgrade Your Big Game Experience appeared first on InvestorPlace.

  • Target stores will soon accept Apple Pay, Google Pay, Samsung Pay and contactless cards
    American City Business Journals26 days ago

    Target stores will soon accept Apple Pay, Google Pay, Samsung Pay and contactless cards

    Target added Apple Pay into its mobile app since 2014, but never offered customers the option to use Apple Pay at its in-store checkout lines. The Minneapolis-based retailer will now also accept Google Pay, Samsung Pay and contactless cards from Mastercard, Visa, American Express and Discover.

  • Is Best Buy Co., Inc.’s (NYSE:BBY) CEO Salary Justified?
    Simply Wall St.last month

    Is Best Buy Co., Inc.’s (NYSE:BBY) CEO Salary Justified?

    In 2012 Hubert Joly was appointed CEO of Best Buy Co., Inc. (NYSE:BBY). This analysis aims first to contrast CEO compensation with other large companies. After that, we will consider Read More...

  • Out of space: E-commerce continues to drive these big Central Florida projects
    American City Business Journalslast month

    Out of space: E-commerce continues to drive these big Central Florida projects

    Brett Kingstone picked up the phone in his office earlier this month and learned a tenant had been found to occupy his final vacant 5,000-square-foot warehouse space. The president and CEO of Max King Realty LLC owns about 500,000 square feet of industrial real estate in the Orlando area that, with this latest deal, will be fully occupied. Kingstone said he hasn't seen an industrial market as hot in the Orlando area since the 2006 run-up to the Great Recession.

  • Best Buy leases half of new spec warehouse in Kapolei
    American City Business Journalslast month

    Best Buy leases half of new spec warehouse in Kapolei

    The warehouse, named the Kapolei Enterprise Center, is being split into “two evenly demised warehouses," Avalon Development President and CEO Christine Camp told Pacific Business News.

  • Here are the 7 biggest industrial projects proposed in Central Florida
    American City Business Journalslast month

    Here are the 7 biggest industrial projects proposed in Central Florida

    It's a great time to build industrial space in Central Florida — if you can afford it. Industrial land is trading at record pricing in the Orlando area with some properties selling for $300,000 an acre, said David Murphy, a senior vice president with CBRE Group Inc. (NYSE: CBRE).

  • Electric Scooter Makers See Sales Opportunities Amid Rental Boom
    Investor's Business Dailylast month

    Electric Scooter Makers See Sales Opportunities Amid Rental Boom

    Makers of electric scooters say the best market opportunity for such short-range transportation systems could be sales of the devices, not rentals. Swagtron and Razor USA were at CES 2019.

  • InvestorPlacelast month

    Best Buy Stock Is a Strong Trade Ahead of Earnings

    In a tumultuous 2018, Best Buy (NYSE:BBY) suffered more than many other stocks. Best Buy stock was down more than 20%, while Walmart (NYSE:WMT) and Target (NYSE:TGT) were barely down. The SPDR S&P Retail ETF (NYSEARCA:XRT) also was flattish and out-performed the S&P 500. So the 2018 drag on BBY stock is not a general retail problem since those did better than the S&P. Investors clearly have issues with Best Buy. It can't be a matter of valuation, as BBY stock sells at a price-to-earnings ratio of 15. Compare that to Walmart's 54. So it is clear that traders are worried about BBY's prospects. In 2018 and while equity markets were reeling with fears from tariff and rate hike headlines, consumer spending had been on fire. From that sense, retailers should have done better. The holiday shopping period was stronger than anticipated, especially in the U.S. InvestorPlace - Stock Market News, Stock Advice & Trading Tips BBY is the "last man standing" among electronic brick-and-mortar retailers, yet Best Buy stock is still struggling. Best Buy has made improvements. It was once considered to be the Amazon (NASDAQ:AMZN) showroom store where people could touch the products before they bought it on AMZN. This is no longer the case. * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors Consensus now is that BBY and other retailers are finally growing their online sales. In this case, they actually could be taking back some sales from AMZN. BBY is perhaps the only brick-and-mortar doing that. Macy's (NYSE:M) or J.C. Penny (NYSE:JCP) are not taking back their clients from Amazon; they are merely taking away from their own remaining foot traffic. Nevertheless, Best Buy stock still faces a huge problem. Recovering its portion of the pie is one thing, but doing it in a profitable matter that is the ongoing challenge. AMZN built its empire on thin margins like Walmart did decades ago. BBY still has to prove it can compete like that on a similarly thin budget. Onus is on BBY management to prove the viability of this strategy in the long term. So far, Wall Street is not giving them the benefit of this doubt. So I can't argue for the long-term investment in the stock today. But there still is an opportunity in 2019. ### How to Approach Best Buy Stock Today Technically, Best Buy stock has more upside potential and could retest $65 per share. It has recently had a nice 20% rally off the lows, but it still has more room to go. The idea is that it probably won't have much resistance until it hits the prior ledge from which it fell apart in early December. What supports this thesis is that the markets in general are in the process of repairing the crisis of sentiment that we've had all second half of 2018. So Best Buy stock will have the benefit of the general market lift to help it get there. The December employment report was extremely strong, so people in the U.S. are employed. So as long as that continues to be true, consumer spending will remain strong and the economy will be fine. This would be a trading vehicle and I won't want to turn it into an investment. Meaning I would set appropriate stops below. I would also want to exit before the earnings event. I believe there will be too much uncertainty. * 7 Dow Jones Stocks Set to Charge Higher The 2018 holidays were great so BBY management will be under pressure to deliver on expectations. They'd better show it in the result late February. The March options prices are expecting a +/- $10 move up or down on the headline, so my upside target is within reach if I am correct in my thesis. But on the flip side, I should be ready for another dip below $50. Other than a short-term scalp, I see no specific reason to chase it for the long term. If it cannot rally with record holiday sales, then I'd rather bet on stocks that have growth on their side. For retail I'd rather chase AMZN or Costco (NASDAQ:COST). These two are up big even when markets have faltered. Click here and enjoy a free video and more of my market thesis and get an ongoing free copy of my weekly newsletters. Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy for Winning the Online Battle * The 7 Best Stocks in the Entrepreneur Index * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post Best Buy Stock Is a Strong Trade Ahead of Earnings appeared first on InvestorPlace.

  • InvestorPlacelast month

    No Reprieve Can Save Sears Stock From the Inevitable

    Among iconic American companies, few stand out quite like Sears (OTCMKTS:SHLDQ). But over the last several years, the formerly ubiquitous retailer made headlines for all the wrong reasons. Based on its recent bankruptcy proceedings, Sears stock appeared headed for an ignominious end. However, a last-minute reprieve may give the deeply embattled company some critical breathing room. Management agreed to review a revised proposal from Sears chairman and former CEO Edward Lampert. Lampert's bid was among several during a bankruptcy auction held on Monday. The news represented a rare glimmer of optimism in an otherwise bleak environment. Along with the near-complete destruction of SHLDQ stock, the bankruptcy eliminated 68,000 jobs. Lampert's revised bid provides a tight window to save up to 50,000 jobs. It's a long shot, but for impacted workers, they have nothing else. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The first step? To buy some extra time, Lampert must post a $120 million deposit by 4 p.m. EST today. Roughly $17 million of the total deposit is nonrefundable. This portion will cover the costs in delaying the bankruptcy auction should Lampert's revised bid fail. * 10 Stocks You Can Set and Forget (Even In This Market) Naturally, Wall Street responded positively to Sears stock, which surged 30% on Tuesday. It's easily one of the biggest moves in the company's history. However, it's more than likely a case of too little, too late. For one thing, Lampert is no guardian angel. In his original bid, the former head executive wanted his hedge fund, ESL Investments, to buy SHLDQ out of bankruptcy. But in the $4.4 billion proposal, ESL sought to convert $1.3 billion of Sears debt it holds for an equity stake in the newly restructured organization. Attorney Abid Qureshi, who represents a committee of Sears stock creditors, asserted that dealings between Lampert, ESL and SHLDQ unfairly benefit certain insiders over others. ### Lampert Is Bad News for Sears Stock I completely agree with Qureshi's concerns. While this whole creditor issue smacks of "rich people's problems," I'm looking at the principle of the matter. Lampert clearly has his personal motives for buying out SHLDQ stock on the cheap. What drives me crazy about this controversy is that he had a great opportunity to turn the sinking ship around. You can point out Amazon (NASDAQ:AMZN) and its disruptive nature all you want. But during the time Lampert took the reins, Best Buy (NYSE:BBY) began earnestly diving into its rejuvenation strategy. Through physical restructuring and key investments into lucrative consumer segments, BBY dug its way out of the doldrums. Walmart (NYSE:WMT) achieved similar results through developing its online channels and utilizing its brick-and-mortar footprint to its advantage. SHLDQ could have easily gone the latter route. Largely through legacy and luck, several Sears stores are located in prime business districts. A few smart decisions could not only have saved Sears stock but tens of thousands of jobs. Obviously, that's not how things turned out. The reason again points to Lampert. The controversial figure is probably the worst leader in American corporate history. According to Business Insider, Lampert cultivated a culture of fear and intimidation. Step outside the lines, and you will get "shredded." Typically, most employees have a few salty words for upper management, so I usually take such characterizations with some skepticism. But in Lampert's case, I believe every poor word uttered against him. The man himself has publicly destroyed his own credibility. A year-and-a-half ago, I criticized the then-CEO for lashing out at the media. Lampert felt that news agencies published "irresponsible" reports about Sears. Apparently, he forgot that he could singlehandedly change the narrative. He refused, and the public has every right to hold him accountable. ### Revamped End Goal Not Clear But even if we all slipped through a wormhole and into an alternative universe where Lampert emerged victoriously, I'm not sure how this would benefit Sears stock. Yes, a good chunk of workers will have their jobs back. Surely, this would improve morale, among other sentiments. But if the underlying issues aren't resolved, we're going to see another bankruptcy pop up. And what is the core nagging problem? Management refuses to adapt to changing consumer behaviors. Inexplicably, they rested on their laurels while its competitors worked vigorously to address the e-commerce threat. If Lampert would spend half the effort he expends on yelling at his subordinates toward revitalizing Sears, SHLDQ stock would be in a much different place. But I believe he relishes being a keyboard commando. That's good news for his ego, but a terrible indictment on a once proud American icon. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy for Winning the Online Battle * The 7 Best Stocks in the Entrepreneur Index * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post No Reprieve Can Save Sears Stock From the Inevitable appeared first on InvestorPlace.

  • Best Buy Saw the Smartphone Slowdown Coming
    Motley Foollast month

    Best Buy Saw the Smartphone Slowdown Coming

    The retailer has already taken steps to prepare for weaker smartphone demand.

  • Investing in Retail Stocks? Look for These Things
    Motley Foollast month

    Investing in Retail Stocks? Look for These Things

    Successful retailers tend to have a lot in common.