|Bid||84.79 x 1100|
|Ask||85.50 x 900|
|Day's range||83.96 - 85.61|
|52-week range||47.72 - 85.61|
|Beta (5Y Monthly)||1.14|
|PE ratio (TTM)||14.98|
|Forward dividend & yield||2.00 (2.34%)|
|1y target est||N/A|
Best Buy's (BBY) Building the New Blue: Chapter Two plan and buyouts are likely to keep its momentum alive in the near future. Also, a raised view for fiscal 2020 bodes well.
Best Buy (BBY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
(Bloomberg) -- Pete Buttigieg on Tuesday released the names of clients that he worked for as a consultant at McKinsey & Co., a list that includes Blue Cross Blue Shield Michigan, the U.S. Postal Service and the Department of Defense.Buttigieg, who has risen to the top tier of candidates in the Democratic primary, had come under fire from Democratic rivals, including Senator Elizabeth Warren, for not giving voters a full picture of his private sector experience. He made public the names one day after the firm released him from a nondisclosure agreement.In his three years at the firm from 2007 to 2010, Buttigieg also worked for Loblaw Cos., the Canadian grocer, as well as Best Buy Co., the National Resources Defense Council, the Environmental Protection Agency, the Department of Energy and the Energy Foundation.“Now, voters can see for themselves that my work amounted to mostly research and analysis,” Buttigieg said in a statement. “They can also see that I value both transparency and keeping my word. Neither of these qualities are something we see coming out of Washington, especially from this White House. It’s time for that to change.”The detailed information about his time at McKinsey also comes as Buttigieg has opened up his private fundraisers to the press, a response to Warren and other Democratic candidates who had criticized his practice of keeping the events closed. Warren doesn’t hold fundraisers and relies mostly on grassroots contributions.At Blue Cross Blue Shield in 2007, Buttigieg worked for three months on a team focused on overhead expenditures and the project did not involve policies, premiums or benefits, according to the campaign. His work at Loblaw’s in Toronto in 2008 centered on the effects of price cuts. At Best Buy in Chicago in 2008, he focused on opportunities to sell more energy-efficient home products in stores.In 2008-2009, he worked for the Natural Resources Defense Council and energy-related government departments and nonprofits to research ways to combat climate change through energy efficiency. The work culminated in a published report, titled, “Unlocking Energy Efficiency in the U.S. Economy.”In 2009, he worked at the Energy Foundation in California and researched renewable energy. He then worked at the Department of Defense, focusing on increasing employment and entrepreneurship in Iraq and Afghanistan. As part of that work, he was based in Washington but traveled to both of those countries. His last project was for the Postal Service, based in Washington, where he worked on finding new sources of revenue.In his statement, Buttigieg also took aim at critics of his private-sector work, saying the attacks on him have pulled away focus on issues such as gun violence and health care.“At the same time, I am also concerned about efforts to demonize and disqualify people who have worked in the private sector for the sake of political purity,” he said. “The majority of Americans have worked in the private sector at some point in their life. Good public servants - including recent Democratic presidents - have worked in the private sector at some point in their lives.”Warren demanded that he release his McKinsey client list as the consulting firm was criticized, including by Buttigieg himself, for its work on opioids and migrant detention.“As somebody who left the firm a decade ago, seeing what certain people in that firm have decided to do is extremely frustrating and extremely disappointing,” Buttigieg told reporters last week.Buttigieg has criticized Warren for failing to release her tax returns covering the years she did work as a bankruptcy lawyer.On Sunday, Warren disclosed that she had made $1.9 million as a bankruptcy lawyer. She had previously released the names of the clients and cases she took on during her tenure as a professor at Harvard and other law schools, as well as 11 years of tax returns, back to 2008. The documents released Sunday cover her compensation between 1985 and 2009, but don’t include tax returns.(Michael Bloomberg is also seeking the Democratic presidential nomination. Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)(Adds Buttigieg comments on Warren in 13th paragraph, Warren response in 14th.)To contact the reporter on this story: Tyler Pager in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Wendy Benjaminson at email@example.com, John Harney, Max BerleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Target is the Yahoo Finance Company of the Year for 2019. We talk with Target's executive team and experts on how the retailer made it happen in 2019 and what's in store for 2020.
Despite the age-old trend of a Santa rally, 2018 was a massive downer. Since 2019 is giving the same cues, investors can seek refuge in these safer ETFs.
Pre-market futures are down notably, as President Trump's comments on a forthcoming trade deal with China have pricked the balloon of hopefulness.
Let's take a look at what's going on with Dollar General and what to expect from its upcoming third-quarter earnings report to see if investors should consider buying the discount retailer's stock...
While investing in any of the retail stocks could reward investors throughout Cyber Week, a diverse approach in a basket form can also be a great choice.
Best Buy (BBY) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
(Bloomberg) -- Black Friday hit a record $7.4 billion in U.S. online sales as many shoppers spent the day clicking instead of lining up to buy.It was the second biggest U.S. online sales day ever, behind 2018 Cyber Monday’s $7.9 billion, according to a survey of 80 of the top 100 U.S. online retailers from Adobe Analytics.Shoppers increasingly favor buying online from the start of the holiday season, rather than waiting for Cyber Monday as they may have a few years ago. That’s in part as they transition to purchasing via mobile devices from using computers -- often at the office after the holiday weekend.Purchases made by smartphone on Friday accounted for $2.9 billion in sales, the most ever.“With Christmas now rapidly approaching, consumers increasingly jumped on their phones rather than standing in line,” said Adobe analyst Taylor Schreiner.Overall it remained unclear the percentages of sales online versus in stores this holiday weekend.Yet some shoppers still prefer the Black Friday in-store experience, which is sometimes a family hunting-and-gathering expedition after Thanksgiving festivities. About 6% more people visited stores this year, according the International Council of Shopping Centers.For example, the Atlantic Terminal Mall Best Buy in Brooklyn sold out of Apple Inc. iPhone 11 and iPhone 11 Pros on Friday and had lines stretching the length of the store as shoppers picking up Microsoft Corp. Xboxes and Nintendo Co. Switches among other big ticket items.One out of five dollars this holiday season will be spent between Thanksgiving Day and Cyber Monday, according to Adobe figures, which are similar to estimates provided by Salesforce. Cyber Monday sales are poised to outshine 2018’s record by 19%.(Adds increase in shoppers in stores in seventh paragraph)\--With assistance from Cristin Flanagan and Jordyn Holman.To contact the reporters on this story: Hailey Waller in New York at firstname.lastname@example.org;Giulia Camillo in New York at email@example.comTo contact the editors responsible for this story: James Ludden at firstname.lastname@example.org, Ros Krasny, Ian FisherFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
While an individual stock is certainly a great option to tap the Black Friday deals in the investment world, a basket approach through ETFs is diversified and more cost effective at lower risk.