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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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July 31, 2015
10:48 EDTBBYGoPro soars after Citi ups target to $90 on drone, VR potential
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July 30, 2015
10:13 EDTBBYOptions with increasing implied volatility
Options with increasing implied volatility: ESPR SRPT CX RAX YY SPLK QIHU HFC OWW BBY
09:01 EDTBBYAmerican Express, Best Buy announce e-commerce technology integration
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July 29, 2015
10:41 EDTBBYOptions with increasing implied volatility
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10:27 EDTBBYOptions with decreasing implied volatility
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July 27, 2015
06:05 EDTBBYBest Buy to begin selling Apple Watch in August, WSJ reports
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July 23, 2015
19:24 EDTBBYWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
July 20, 2015
09:31 EDTBBYBest Buy store rationalization to be catalyst, says BB&T
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