Best Buy
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3 Reasons to Be Bearish on Amazon
By Ishfaque Faruk - May 24, 2013 | Tickers: AMZN, BBY, WMT
Amazon's (NASDAQ: AMZN) stock has been floating under thin air according to the sentiment of numerous investors. The company's shares have been hitting newer highs, and yet the company doesn't make much in terms of earnings. Amazon's heavy investments in its bid to gain incremental market share has been hurting the company's bottom line. Before jumping on the Amazon roller-coaster, investors should be aware of more »
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Can These Stocks Continue Their Run?
By Anthony Parsons - May 24, 2013 | Tickers: BBY, HPQ, SPLS
So far in 2013, the three stocks highlighted in this article have had dramatic increases in share prices. This article will take a look at whether this can continue. Furthermore, it will look at bright spots within the companies to see where they are doing well and also to find areas that could bring strong growth. I believe these stocks are solid companies and I will tell you why.
The more »
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What The New Game Consoles Mean For Gamers And Retailers
By Chad Henage - May 24, 2013 | Tickers: BBY, GME, MSFT
I won't lie, I'm one of those hardcore gamers that seem to be a dying breed. I've been enamored with video games since the Atari 2600 days. Some of the choices being made by Microsoft (NASDAQ: MSFT) and Sony for their next generation consoles will cause significant changes in the industry. Some of these changes have the potential to seriously harm certain retailers.
These Two more »
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Improving Results Won't Mean Anything Unless These 3 Issues Are Addressed
By Chad Henage - May 24, 2013 | Tickers: AMZN, BBY, GME, WMT
Over the last year or so, I've read a lot about how Best Buy (NYSE: BBY) is in trouble. Analysts have suggested that the company can't compete on price with Amazon.com (NASDAQ: AMZN). Others have suggested that the move toward digital distribution is killing off part of Best Buy's sales. However, I can also tell you that only about half of what is written more »
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The Turnaround Continues: Part I
By Timothy Green - May 24, 2013 | Tickers: AMZN, BBY
Best Buy (NYSE: BBY), the electronics retailer which everyone loves to hate, has been working to cut costs and become more competitive since CEO Hubert Joly was hired to turn the retailer around last year. Results from the fourth quarter of last year, which ended in January, showed the first signs of improvements as Joly's strategy began to take hold. And now, after the company released its first quarter more »
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Akamai is Riding Multiple Uptrends
By Nick Chiu - May 24, 2013 | Tickers: ADBE, AKAM, BBY, VIA
Akamai Technologies (NASDAQ: AKAM) is the leading provider of content delivery and cloud infrastructure services for enterprises. The company offers Akamai Intelligent Platform, which help to manage complicated online business, including application, network security, performance, and reliability issues.
Solid revenue growth for Q1
Akamai began 2013 with a solid Q1, where its revenue grew 15% year-over-year to $368 million, with strong growth across all segments. Media delivery segment delivered a more »
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Thinking Outside of the Box; hhgregg To Sell Bedroom Sets
By Tedra DeSue - May 23, 2013 | Tickers: AMZN, BBY, HGG, RSH
When it comes to big box electronic retailers and their financial woes in the wake of Amazon (NASDAQ: AMZN), all eyes have been on Best Buy (NYSE: BBY). Although less reported on, there is another player in the space whose financial performance is just as troubling, yet its stock is continuing to rise just like that of Best Buy.
This other player is hhgregg (NYSE: HGG). To the dismay of more »
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Vinik Asset's Top Five
By Marshall Hargrave - May 23, 2013 | Tickers: ABX, BBY, LEN, MON, HOT
Jeffery Vinik's Vinik Asset Management has his top five stock picks spread across a number of industries. Vinik is a former manager of Fidelity’s Magellan Fund, the largest actively managed mutual fund in the U.S. He managed the fund from 1992 to 1996, generating an average return of 17% per year. Vinik left to start his own hedge fund, Vinik Asset Management, which has become a sector-focused more » -
Are These Tuesday Post-Earning Movers a Buy?
By Brian Nichols - May 23, 2013 | Tickers: BBY, MDT, RXN, SKS
On Tuesday, we saw a number of high-profile stocks trade with large price swings after earnings. Let's see why these stocks are moving, and decide whether any of them might be a "Buy"!
Does Weakness Create a “Best” or Worst Buy?
After producing gains of 130% in 2013, Best Buy (NYSE: BBY) announced a mixed Q1 report, and is now trading lower by almost 5%.
In the quarter, Best more »
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Best Buy Seems Poised to Embrace J.C. Penney’s Failed Strategy
By Salvatore "Sam" Mattera - May 23, 2013 | Tickers: AAPL, BBY, JCP
Best Buy (NYSE: BBY) shares dropped on Tuesday after the electronics retailer reported earnings that were weaker than expected. During the company’s subsequent earnings call, management hinted at the store’s potential turnaround strategy -- one that should be familiar to those that have followed J.C. Penney (NYSE: JCP) in recent months.
But fortunately for Best Buy’s shareholders, this strategy could work much better for an electronics retailer more »
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Pick a Winner and Stick to Your Guns
By Brendan Marasco - May 23, 2013 | Tickers: AMZN, BBY, HD, LOW, WMT
In this article I showed why you should invest in three firms. I still won't budge.
The business landscape is rapidly shifting, but the outlook still seems bright for those who utilize the day, fundamental, or technical trading approaches. However, if you’re a true Graham follower, then you likely have already missed the boat. Take a look.
Firm Date Recommended Buy Price % Growth to Now Best Buy 3 more » -
The Turnaround Continues: Part II
By Timothy Green - May 22, 2013 | Tickers: BBY, TGT, WMT
In Part I of this article I looked at the first half of Best Buy's (NYSE: BBY) turnaround strategy, dubbed "Renew Blue". This included accelerating online growth, improving the customer experience with more competitive pricing and various initiatives, and optimizing square-footage with a store-within-a-store concept and dedicated clearance sections. The second half of the strategy involves three different ways in which Best Buy is working to cut costs in more »
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This Retailer is Doing Everything Right (So Far)
By Matthew Frankel - May 17, 2013 | Tickers: AMZN, BBY, WMT
I have been a fan of Best Buy (NYSE: BBY) for as long as I can remember. I love their business, and although they had some adapting to do, I never doubted that there is and will be a place for actual bricks-and-mortar electronics superstores. So, for much of 2012, I threw my support behind the company, and welcomed the opportunity to buy shares at ridiculously cheap levels, with shares more »
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Who Wins And Who Loses When This Battle Is Done?
By Chad Henage - May 17, 2013 | Tickers: AMZN, BBY, EBAY, TGT, WMT |
When a $226 billion a year business is about to change, it makes sense for investors to pay close attention to the potential winners and losers. This is exactly what's happening with Internet sales and the potential behind the "Marketplace Fairness Act." If passed, this act would require sales tax collection from any online retailer with sales over $1 million. This bill has the potential to change how customers more »
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My Computer Buying Experience And The Investment Implications
By Chad Henage - May 16, 2013 | Tickers: AAPL, BBY, MSFT, ODP
I recently went in search of a new desktop computer, and there are lessons that investors need to be aware of from this experience. I don't consider myself to be an unusual customer, and if my experience is being replicated across the country, I've got some good news for a few companies, and some bad news for others.
I Have This Problem
Some people say I have a more » -
This Company Provides Credit, But It’s Not a Bank
By Mark Lin - May 13, 2013 | Tickers: BBY, CONN, ETH
Decades ago, before credit cards became prevalent, it was common for consumers to buy things at their friendly neighborhood store on credit and settle your bills after a month. Conn’s (NASDAQ: CONN), a specialty retailer of durable consumer goods, comes close to that, having offered credit to its customers. Similar to the old-time neighborhood stores, Conn’s has built up significant customer loyalty over time with its consumer credit more »
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Windows 8 Was A Financial Success
By Alexander Cho - May 8, 2013 | Tickers: BBY, HPQ, MSFT
How much do you think the 100 million Windows 8 shipment press release is worth? Some outspoken critics have been giving a lot of grief over Microsoft’s (NASDAQ: MSFT) press release, with the strongest critic, Patrick Seitz from Investor Business Daily, stating:
Microsoft is crowing about reaching 100 million Windows 8 licenses sold in roughly the first six months of availability. But the numbers aren't as rosy as more »
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This Company Is Exiting, Not Admitting Defeat
By Austin Higgins - May 8, 2013 | Tickers: AMZN, BBY, NFLX
Best Buy (NYSE: BBY) recently made a deal to sell its stake in its European partnership with Carphone Warehouse Group. In June 2008, Best Buy developed a joint venture and owned 50% of stores in 8 countries in Europe with Carphone Warehouse Group. The sale price is $775 million in cash and stock. Best Buy has had plenty of difficulties over the last few years, so what can investors expect more »
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Amazon Is Worried-Should Investors Be As Well?
By Christopher Drose - May 6, 2013 | Tickers: AMZN, BBY, EBAY
One of the best sources of information available to investors is a company's 10-K. Found on a company's Investor Relation page or on the SEC's EDGAR database, a 10-K is essentially a comprehensive report on the state of the company. Despite how easy it is to access this information, I believe that not enough investors read them to gain a better understanding of how a company operates more »
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Exiting Europe and the Internet Sales Tax
By Timothy Green - May 6, 2013 | Tickers: AMZN, BBY
Best Buy (NYSE: BBY), the electronics retailer that has been engaged in a turnaround effort led by CEO Hubert Joly, recently announced that it will exit the European market. Just five years after beginning a joint venture with partner Carphone Warehouse, Best Buy will sell its stake to its partner for about $775 million. This is far less than the $2.15 billion Best Buy paid to launch the venture more »
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