The first round of retail earnings has come and gone. Here, 24/7 Wall St. has reviewed Best Buy, Home Depot and some of the other key retailers reporting this coming week.
Best Buy was downgraded to Underperform from Neutral at Merrill Lynch, and the firm slashed its price objective to $50 from $70 on Monday.
There was a while when investors believed that Best Buy had broken free from Amazon's gravity. That has been short-lived.
The top analyst upgrades, downgrades and initiations seen on Monday included Best Buy, Emerson Electric, Genpact, IBM, Lululemon Athletica, Manchester United, Sherwin-Williams and SCANA.
Best Buy reported third-quarter results Tuesday morning that beat expectations on both the top and bottom lines. The forecast, however, has dulled enthusiasm among investors for the stock.
Paul Ausick Best Buy is scheduled to release its fiscal third quarter financial results before the markets open on Tuesday.
Chris Lange 24/7 Wall St. has put together a preview of Best Buy, Deere, Target and the other notable earnings reports that are coming out this week.
The top analyst upgrades, downgrades and initiations seen on Tuesday included Best Buy, Chesapeake Energy, Comcast, Cree, EverQuote, KeyCorp, Lumentum, Nvidia, Vodafone and Xilinx.
Tuesday was a positive day for the broad U.S. markets, with the S&P 500 and Nasdaq hitting new all-time highs in the session. The DJIA again hit its highest level since early…
Best Buy released better-than-expected fiscal second-quarter financial results early on Tuesday, but there were some issues with guidance.
Chris Lange Best Buy is scheduled to release its fiscal second-quarter financial results before the markets open on Tuesday.
Chris Lange 24/7 Wall St. has put together a preview of Best Buy, Hewlett Packard Enterprise and some of the other companies that are about to report their quarterly results.
As consumers prepare to go to stores and online to make mid-summer purchases, many will have already bought what they need on Prime Day, and retailers will experience more erosion to the…
Best Buy's moderately poor quarterly results raised the specter of Amazon.com's relentless cannibalization of Best Buy, which some thought was slowing. They were wrong.
Best Buy beat first-quarter estimates for earnings and revenues, but second-quarter guidance was a bit soft and the company did not boost its full-year outlook.
Paul Ausick 
