Consumer electronics retailer Best Buy (BBY) is a strong stock to consider after the company reported better-than-expected first-quarter earnings. Earnings per share came in at $1.20, significantly surpassing consensus estimates of $1.08. Despite sales falling short of expectations — at $8.85 billion vs. the estimated $8.96 billion — the stock still surged over 13% on the results. The revenue miss...
On Tuesday, Best Buy stock received an upgrade to its Relative Strength (RS) Rating, from 76 to 81. IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes. Is Best Buy Stock A Buy?
Investors need to pay close attention to Best Buy (BBY) stock based on the movements in the options market lately.