Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Tuesday said sales dropped by about 13% in the fiscal second quarter, as the retailer felt a pull...
Tag: Best Buy Co Inc
5 issues investors want addressed
A pedestrian walks by a Bed Bath and Beyond store on November 04, 2021 in Larkspur, California. Justin Sullivan | Getty Images 1. A potential cash infusion A key part of the announcement will be clari...
Best Buy, First Solar, Twitter and more
Check out the companies making headlines before the bell: Best Buy (BBY) – Best Buy gained 2.6% in the premarket after the electronic retailer beat Street forecasts on the top and bottom lines for its...
Walmart, Bed Bath & Beyond, Zoom, Ally and more
Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walmart, Home Depot — T...
Best Buy cuts jobs across the country, after warning of slower sales
Black Friday shoppers leave a Best Buy store in Washington, DC, on November 26, 20221. Nicholas Kamm | AFP | Getty Images Best Buy said on Friday that it is cutting jobs across the country about two w...
Retailers still opening stores despite recession fears
The biggest shopping mall owners in the United States say retailers are still forging ahead with plans to open new stores in spite of growing recession fears and decades-high inflation that’s sq...
Best Buy cuts sales forecast as inflation pressures shoppers
Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Wednesday cut its forecast for its fiscal year and second quarter, saying it has seen...
Why deal experts say you might want to skip it
Prime Day prices may not be Amazon’s best-ever offer Just because something is discounted on Prime Day doesn’t mean it’s the best deal you’ll see anywhere, or even all year. Na...
Walmart won’t hold rival event to Amazon Prime Day
Walmart Rollback pricing signs are displayed while customers shop during the grand opening of a new Wal-Mart Stores location in Torrance, California. Patrick Fallon | Bloomberg | Getty Images Walmart ...
AWS CEO says the move to cloud computing is only just getting started
Cloud computing is in its beginning stages and will only continue to grow, Amazon Web Services CEO Adam Selipsky told CNBC’s Jim Cramer on Tuesday. “It’s possible that AWS could beco...
Continental Resources, Oracle, National Vision and more
Take a look at some of the biggest movers in the premarket: Continental Resources (CLR) – The oil and natural gas producer’s stock rallied 7.4% in the premarket after receiving a $70 per share &...
6 exceptional retail winners that Jim Cramer says are a buy
CNBC’s Jim Cramer on Friday highlighted six retail winners with standout quarters that investors should be lining up to purchase. “No one ever made a dime from panicking. If you dumped any...
What retail woes signal about the market’s fight against inflation
Jay Laprete | Bloomberg | Getty Images Retailers are missing and missing big. It started last week with the Walmart and Target results which showed big inventory builds and the need for markdowns, and...
Best Buy (BBY) earnings Q1 2023
Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Best Buy reported an increase in second-quarter sales of nearly 20% as consumers purchased electronics to adjust to lifestyl...
Cramer’s week ahead; market needs obstacles resolved before a rally
CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful come...
Jim Cramer says to consider these five high-yielding stocks to upgrade your portfolio
CNBC’s Jim Cramer on Monday gave investors a list of five “accidentally high yielders” that he believes will provide investors refuge in the currently unpredictable market. “At...
Best Buy adds beauty gadgets and outdoor furniture to product lineup
Electric bikes. Patio furniture. Beauty gadgets. Best Buy is adding merchandise that might surprise shoppers who typically think of its stores and website as a place to buy smartphones, laptops and TV...
Keep an eye on these 9 beaten-down retail stocks, Jim Cramer says
CNBC’s Jim Cramer on Friday offered a list of nine discounted retail stocks that he believes could be great additions to investors’ portfolios. “Today we saw many of these discounted...
Berkshire’s large stake in HP ‘exemplifies’ Best Buy’s optimistic view, CEO says
Berkshire Hathaway‘s roughly $4.2 billion investment in HP Inc. supports Best Buy‘s viewpoint that consumer demand for upgrades to their technology will sustain, chief executive Corie Barr...
Jim Cramer says investors should buy these 11 recently-boosted dividend stocks
CNBC’s Jim Cramer on Thursday offered investors a list of dividend stocks with yields that recently increased, that he believes buyers should add to their portfolio. Dividends are a generally &#...
Costco, Rivian, Signature Bank, Sweetgreen
Shoppers wearing face masks leave a Costco wholesale store in Washington, D.C. Ting Shen | Xinhua News Agency | Getty Images Check out the companies making headlines in midday trading. Costco — The st...
Tesla, Sweetgreen, Gap and more
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) — Shares fell 1.2% in premarket trading after CEO Elon Musk challenged the United Auto Workers union to try and organize his co...
Best Buy, BJ’s, Snowflake and more
Take a look at some of the biggest movers in the premarket: Best Buy — Shares of the retailer climbed 5% in premarket trading after the company announced it was raising its quarterly dividend by 26%. ...
Best Buy, Kroger, Burlington and more
An employee brings a television to a customer’s car at a Best Buy store in Orlando, Florida. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in ...
Best Buy(BBY) Q4 2022 earnings
Best Buy on Thursday fell short of Wall Street’s fourth-quarter sales expectations, as it ran low on some popular holiday items and reduced store hours because of omicron-related staffing shorta...
Nordstrom shares soar as it makes progress but still has ways to go
Nordstrom signage outside one of the company’s full-line department stores. Tim Boyle | Getty Images News | Getty Images Nordstrom shares are soaring after the department store chain offered up ...