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Best Buy Co., Inc. (NYSE:BBY) – Earnings Surprise
Tuesday, June 14, 2011 - 9:29pm | 423Best Buy Co., Inc. (NYSE:BBY) reported results for their first quarter this morning and the stock price jumped sharply as expectations were exceeded. The company reported revenue of $10.9 billion, which was up 1% from the same quarter last year. A 12% increase in online revenue seems to have been...
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Support Held - Harami Confirmed 06-14-2011
Tuesday, June 14, 2011 - 6:55pm | 948Cusick's Corner Support held. The Harami that formed on yesterday's close was confirmed and the market turned up. (You can get more info about the Harami pattern on the Educate Center > Stocks > Level 2 > Bullish Candlesticks.) Will the bullishness last? As I said earlier, shorts are getting...
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1280 New Support 06-14-2011
Tuesday, June 14, 2011 - 2:57pm | 1045Cusick's Corner The market has bounced with some conviction on news that Japan is printing money, there were better than expected Retail Sales & PPI dropped. Copper, JJC, was a real winner on the Japan news, and equities squeezed the shorts on the news that Commodity pricing is pulling back,...
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Best Buy The Worst Buy
Tuesday, June 14, 2011 - 10:56am | 129Best Buy Co., Inc. (NYSE: BBY) shares have given up most of their gains 90 minutes into trading, after the company reported better than expected earnings this morning. Best Buy was discussed earlier this morning as to whether it would be an appropriate position for your portfolio, and the...
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Market Roundup
Tuesday, June 14, 2011 - 10:43am | 399Shares of Best Buy Co Inc (NYSE: BBY) surged about 5.5% after the company reported better-than-expected fiscal first-quarter profit. Best Buy's profit dropped to $136 million, or $0.35 per share, from $155 million, or $0.36 per share, in the year-earlier quarter. Its sales surged 1.4% to $10.9...
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Top Performing Industries For June 14
Tuesday, June 14, 2011 - 10:13am | 199At 10:10 am, the Dow rose 0.96% to 12,068.09, the broader Standard & Poor's 500 index moved up 1.17% to 1,286.66 and the NASDAQ composite index gained 1.35% to 2,675.30. The industries that are driving the market today are: Electronics Stores: This industry jumped 4.69% by 10:10 am. The top...
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Best Buy Trading over 8% Higher after Reporting Upbeat Earnings
Tuesday, June 14, 2011 - 9:32am | 77Best Buy Co Inc (NYSE: BBY) reported better-than-expected fiscal first-quarter profit on Tuesday. Best Buy's profit dropped to $136 million, or $0.35 per share, from $155 million, or $0.36 per share, in the year-earlier quarter. Its sales surged 1.4% to $10.9 billion. Best Buy's comparable sales...
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Goldman Sachs Neutral On Gamestop
Tuesday, June 14, 2011 - 9:00am | 93Goldman Sachs has a Neutral rating and a $26 price target on shares of Gamestop (NYSE: GME). In a note to clients, Goldman writes, "We continue to expect overall industry sales to decline (7%) in 2011, including a (5%) decline in software sales, which stands below GME's high-single-digit growth...
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UPDATE: Best Buy Reports Upbeat Q1 Profit
Tuesday, June 14, 2011 - 8:34am | 125Best Buy Co Inc (NYSE: BBY) reported better-than-expected fiscal first-quarter profit on Tuesday. Best Buy's profit dropped to $136 million, or $0.35 per share, from $155 million, or $0.36 per share, in the year-earlier quarter. Its sales surged 1.4% to $10.9 billion. Best Buy's comparable sales...
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Is Best Buy Now A Good Buy?
Tuesday, June 14, 2011 - 8:26am | 390Best Buy Co., Inc. (NYSE: BBY) shares are jumping more than 6% in pre-market trading after the Minnesota-based electronics retailer reported better than expected earnings this morning. The company reported first quarter earnings of 35 cents per share on revenues of $10.9 billion. This was better...
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Earnings Scheduled For June 14
Tuesday, June 14, 2011 - 1:22am | 171Agilysys Inc (NASDAQ: AGYS) is projected to post a Q4 loss at $0.27 per share on revenue of $158.78 million. FactSet Research Systems Inc (NYSE: FDS) is estimated to post its Q3 earnings at $0.92 per share on revenue of $183.10 million. Capstone Turbine Corp (NASDAQ: CPST) is expected to post a...
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Stocks To Watch For June 14
Tuesday, June 14, 2011 - 1:08am | 232Some of the stocks that may grab investor focus today are: Analysts expect Best Buy Co Inc (NYSE: BBY) to report its Q1 EPS at $0.33 on revenue of $10.70 billion. BBY shares jumped 0.56% to $28.98 in after-hours trading. Hewlett-Packard Co (NYSE: HPQ) named 29-year veteran Ann Livermore to the...
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Citi Maintains Sell on Best Buy
Monday, June 13, 2011 - 8:04am | 91Citi is out with its report today on Best Buy (NYSE: BBY), maintaining Sell. In a note to clients, Citi writes, "We continue to see downside risk from current levels based on 1) likely further multiple contraction given the company's limited NT EPS growth prospects, 2) continued GM% pressure...
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Deutsche Bank Previews Upcoming 1Q11 Report on BBY
Monday, June 13, 2011 - 7:43am | 100According to a recent report from Deutsche Bank, Best Buy (NYSE: BBY) is expected to report 1Q11 tomorrow. Deutsche Bank believes that although leading indicators point to a softer quarter, reports will be no worse than expected. Deutsche Bank maintains a price target of $37.00 on BBY. In the...
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Piper Jaffray Maintains Overweight on Best Buy
Monday, June 13, 2011 - 7:16am | 94Piper Jaffray is out with its report today on Best Buy (NYSE: BBY), maintaining Overweight. In a note to clients, Piper Jaffray writes, "We are maintaining our Q1E EPS of $0.36 vs. consensus of $0.33 in BBY's smallest quarter of the year, representing ~10% of our F12E EPS. We remain OW with a $39...