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Stock Market & Financial Investment News

News Breaks
January 6, 2014
11:57 EDTHGG, BBYBest Buy retreats after sales warning from competitor
Shares of Best Buy (BBY) are lower after another electronic retail chain, hhgregg (HGG), estimated that its third quarter sales were significantly lower than expected. WHAT'S NEW: hhgregg estimated that its third quarter net sales were $707.1M, versus the consensus analyst estimate of nearly $777M. The retailer estimated that its same-store sales had fallen over 11% compared to the same period in 2012. hhgregg said its sales of consumer electronics and computing and wireless products were significantly below its expectations, noting that its holiday sales were "significantly impacted" by increased promotional offerings of televisions and tablets across a variety of retail formats. Moreover, hhgregg stated that it expects its overall full-year results to be "materially below" its previous guidance, adding that it expects to "reassess and update" its annual earnings per share guidance. PRICE ACTION: In late morning trading, Best Buy fell about 4% to $39.07, while hhgregg shares sank 5.4% to $12.87.
News For BBY;HGG From The Last 14 Days
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November 20, 2014
07:04 EDTBBYBest Buy says total Renew Blue annualized cost reductions at $965M
Since its Q2 FY15 earnings release, Renew Blue annualized cost reductions have increased an additional $65 million, bringing the total Renew Blue annualized cost reductions to $965 million.
07:03 EDTBBYBest Buy sees Q4 revenue, SSS growth 'near-flat' y/y
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07:01 EDTBBYBest Buy reports Q3 continuing ops EPS 32c, consensus 25c
Reports Q3 revenue $9.38B, consensus $9.11B. Reports Q3 SSS up 2.2%.
06:35 EDTBBYStocks with implied volatility above IV index mean; BBY GME
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November 19, 2014
15:31 EDTBBYNotable companies reporting before tomorrow's open
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15:01 EDTBBYBest Buy technical comments before results
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13:33 EDTBBYBest Buy November 36 straddle priced for 8.2% move into Q3
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07:26 EDTBBYBest Buy November volatility elevated into Q3 and holiday outlook
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05:58 EDTBBYStocks with implied volatility above IV index mean; BBY SPLS
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November 18, 2014
15:02 EDTBBYBest Buy management to meet with Jefferies
Meeting to be held in Boston on November 25 hosted by Jefferies.
15:01 EDTBBYBest Buy management to meet with B. Riley
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November 17, 2014
15:45 EDTBBYBest Buy remains a top pick for the holiday season at BofA/Merrill
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07:39 EDTBBYBest Buy price target raised to $42 from $35 at Stifel
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07:05 EDTBBYBest Buy price target raised to $40 from $36 at RBC Capital
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November 14, 2014
17:07 EDTBBYSoros Fund Management gives quarterly update on stakes
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11:48 EDTBBYStocks with call strike movement; GILD BBY
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07:55 EDTHGGh.h. gregg says stores to open at 4p.m. on Thanksgiving Day
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07:36 EDTBBYBest Buy price target raised to $36 from $32 at UBS
UBS raised its price target on Best Buy to $36 from $32 ahead of its Q3 results. The firm sees a favorable near-term set-up, citing the company's cash balances, selection of premium products, and focused strategy of promotions deployment and expenses. UBS reiterates its Buy rating on Best Buy shares.
November 11, 2014
08:34 EDTBBYBest Buy to open over 1,000 stores at 5 pm local time on Thanksgiving
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06:57 EDTBBYBest Buy November volatility elevated into Q3 and holiday outlook
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