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Stock Market & Financial Investment News

News Breaks
January 11, 2013
13:44 EDTBBYBest Buy breaks out on holiday sales report, levels to watch
The stock is up over 13.3% at time of writing, last at $13.84. As noted yesterday, a move above $12.52, the top of a recent trading range, was bullish for price. At current levels a previous bearish gap from late November has been filled. This is a further bullish development for the stock. Resistance is at $14.30.
News For BBY From The Last 14 Days
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August 20, 2015
19:53 EDTBBYRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link
09:42 EDTBBYBest Buy traffic and ticket trends improved in Q2, says ITG Research
ITG Research said Best Buy's traffic and ticket trends improve in Q2 versus Q1 driven by a mix shift towards big ticket items. The firm's Q2 domestic revenue estimates of $7.8B remains above consensus of $7.657B.
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