Best Buy (BBY)

[winston]

not vested

Stocks to Sell: Best Buy (BBY)

Troubled consumer electronics chain Best Buy (BBY) is no stranger to death crosses, so it shouldn’t be a surprise that BBY had another one in the middle of June.

Besides, BBY has been in a downtrend for more than three months — and that’s despite first-quarter earnings that topped Wall Street estimates.

Fundamentally speaking, Best Buy is still alive, but the company still is fighting the uphill battle of brick-and-mortar versus online.

Meanwhile, technically, downside momentum has left BBY stock much closer to its 52-week low than 52-week high. It’s also now well under its 50- and 200-day moving averages. It’s nowhere close to being able to test resistance.

It also doesn’t help that Best Buy has a long history of losing ground in July. Over the last decade, BBY stock has lost an average of almost 2% this month.

With weak seasonality and poor technicals, don’t look for a rebound in BBY stock anytime soon.

Source: Investor Place

[winston]

Electronics retailer Best Buy jumps 15% on strong earnings.

[winston]

A BULLISH NOTE FROM THIS ECONOMIC BELLWETHER

Today's chart tells us the economy is doing well...

As regular readers know, we use various sectors as real-world economic bellwethers. When we see that folks are buying more than the basic necessities – splurging on landscaping services or luxury hotels – it's a sign consumers aren't hurting for cash. Today's company paints the same picture...

Best Buy (BBY) is a $22 billion electronics retailer. Most of its customers turn to it for luxuries more than absolute necessities... heading to Best Buy when they're ready to upgrade their tablets, headphones, and home appliances.

Those products were among the company's leading growth drivers in the most recent quarter, helping push total sales to nearly $9.8 billion... and beating Wall Street's expectations.

BBY shares have jumped nearly 70% over the past year, and they just hit new all-time highs. When consumers are snapping up electronics, it tells us the economy is doing well...

Source: Daily Wealth

[behappyalways]

Best Buy online sales jump as shoppers snap up computers, appliances
https://www.marketwatch.com/story/best- ... ck_seemore

[winston]

not vested

HOT-SELLING ELECTRONICS ARE A GOOD SIGN FOR THE ECONOMY

Consumers are spending freely today...

As regular readers know, we use different companies as real-world economic bellwethers. When bulk-freight companies are in high demand, we know there's a broad demand for raw materials... a sign that industry is still strong.

And when retail stores are bustling, we know consumers have money and feel comfortable spending it. That's what we're seeing from this electronics retailer...

Best Buy (BBY) is a $25 billion chain with more than 1,000 big-box electronics stores in the U.S., Canada, and Mexico, along with a healthy e-commerce business. Its most popular products include computers, smartphones, and video games.

When the economy is struggling, folks can't afford to get new gadgets. But that's not the situation today...

Instead, Best Buy's sales are up about 2% in the current quarter – even though for part of that time, Best Buy didn't even allow customers inside many of its stores.

BBY shares are up more than 50% over the past year, and they just hit a new all-time high. When folks are buying fancy phones and pricey video games, it's a positive sign for the economy...

Source: Daily Wealth

[behappyalways]

Best Buy Issues Warning Ahead of Black Friday: 'Consumer Demand Unpredictable and Inconsistent'
https://www.zerohedge.com/markets/best- ... consistent

[behappyalways]

Best Buy Beats Earnings As Chain Warns Of Price Hikes From Tariff War
https://www.zerohedge.com/markets/best- ... tariff-war