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Stock Market & Financial Investment News

News Breaks
January 6, 2014
11:57 EDTBBY, HGGBest 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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October 22, 2014
10:12 EDTBBYBest Buy calls active, reiterated as a top pick ahead of holiday’s at Barclays
Best Buy October weekly 32, November 34 calls are active on total call volume of 3K calls (1K puts). October weekly call option implied volatility is at 49, November is at 44, December is at 42; compared to its 26-week average of 35 according to Track Data. Active call volume suggests traders taking positions for large near term upside price movement after reiterated as a top pick ahead of holiday season at Barclays.
08:36 EDTBBYBest Buy reiterated as a top pick ahead of holiday season at Barclays
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October 15, 2014
14:01 EDTBBYIntel launches 'Intel Experience' exclusively in 50 Best Buy stores
Intel (INTC) has launched “The Intel Experience” exclusively in 50 Best Buy (BBY) retail stores nationwide. The hands-on experience zone gives everyone the opportunity to try, explore and play with the latest, cutting-edge technologies like 3-D printing, gaming meets augmented reality, and digital disc jockey remixing.
October 9, 2014
09:41 EDTBBYBofA/Merrill retail analysts hold an analyst/industry conference call
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