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Stock Market & Financial Investment News

News Breaks
November 21, 2012
15:57 EDTBBYS&P cites continued margin pressure for all segments Best Buy's business
"The downgrade of Best Buy reflects our view that it will be very difficult for the company to improve its gross margin in the fourth quarter of the year given the highly promotional nature of year-end holiday retailing in the wireless and consumer electronic categories," said Standard & Poor's credit analyst Jayne Ross. It is our belief that all segments of the company's business will remain under margin pressure for 2012 and into 2013. In addition, we believe that the new management team still needs to fully formulate its strategy for improving the continued decline in same-store sales and margins. Given the highly seasonal nature of the company's operations, skewed heavily to the fourth quarter, we may not begin to see any tangible results until the second half of fiscal 2013 or beyond."
News For BBY From The Last 14 Days
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October 31, 2014
12:45 EDTBBYOn The Fly: Midday Wrap
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08:13 EDTBBYGoPro lack of international growth a concern, says Citigroup
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October 30, 2014
09:47 EDTBBYBest Buy upgraded to Outperform from Peer Perform at Wolfe Research
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08:54 EDTBBYWal-Mart considers matching online prices from Amazon for holidays, WSJ says
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06:04 EDTBBYMCX says unauthorized parties obtained email addresses of CurrentC participants
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October 29, 2014
07:53 EDTBBYMCX member stores block Apple Pay amid threat of fines, NY Times says
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October 28, 2014
06:38 EDTBBYApple says Apple Pay in 220,000 locations already, Business Insider reports
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October 27, 2014
07:15 EDTBBYWal-Mart, Best Buy among companies rejecting Apple Pay, Business Insider says
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October 24, 2014
08:24 EDTBBYBofA/Merrill turning more positive on Best Buy
BofA/Merrill said it is turning more positive on Best Buy and raised estimates and its price target to $40 from $36 ahead of the Q3 report in November. The firm cites strong iPhone 6 sales and other new products for driving an increase in its Q3 comp forecast and expects the company to achieve its $1B cost savings target. BofA/Merrill expects steady margin expansion and shares repurchases to resume in 2015, which will add to earnings growth. Shares are Buy rated.
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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