Best Buy Co Inc (BBY)

BBY (NYSE:Retail) EQUITY
$28.62
pos +0.00
+0.00%
Today's Range: 0.00 - 0.00 | BBY Avg Daily Volume: 6,151,600
Last Update: 02/08/16 - 4:03 PM EST
Volume: 0
YTD Performance: -6.01%
Open: $0.00
Previous Close: $28.62
52 Week Range: $25.31 - $42.00
Oustanding Shares: 342,719,728
Market Cap: 9,664,696,330
6-Month Chart
TheStreet Ratings Grade for BBY
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 9 9 9 8
Moderate Buy 0 1 1 2
Hold 5 5 5 5
Moderate Sell 1 1 1 1
Strong Sell 1 0 0 0
Mean Rec. 2.06 1.84 1.84 1.91
Latest Dividend: 0.23
Latest Dividend Yield: 3.26%
Dividend Ex-Date: 12/08/15
Price Earnings Ratio: 11.65
Price Earnings Comparisons:
BBY Sector Avg. S&P 500
11.65 10.60 28.38
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-19.18% -23.39% 87.18%
GROWTH 12 Mo 3 Yr CAGR
Revenue -4.90 -0.20 -0.07
Net Income 136.10 2.78 0.55
EPS 128.10 -2.05 0.00
Earnings for BBY:
EBITDA 2.11B
Revenue 40.34B
Average Earnings Estimates
Qtr (01/16) Qtr (04/16) FY (01/16) FY (01/17)
Average Estimate $1.42 $0.39 $2.66 $2.82
Number of Analysts 14 10 14 14
High Estimate $1.56 $0.43 $2.75 $2.98
Low Estimate $1.35 $0.31 $2.61 $2.37
Prior Year $1.48 $0.37 $2.60 $2.66
Growth Rate (Year over Year) -4.10% 4.59% 2.20% 5.94%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
Again, I am endeavoring to be opportunistic (trading) in a market that is fragile,  too volatile and unpredictable to be comfortable with an abundance of many longer-term investments. At the bottom this afternoon, things looked dreadful. It was not easy to make a long trading rental and add to existing shorts. The S&P 500 ended at 1853, very close to my fair market value of 1860. The U.S. dollar weakened a bit after a five day period of consolidating against the euro. Bonds dropped by nearly 10 basis points in yield at the intermediate- and longer-term maturities. Non taxables were well-bid and closed-end municipal bond funds were slightly higher on the day. High yield was junky, reflecting systemic concerns in the European Union and China (large reserve pull down). iShares iBoxx $ High Yield  Corporate Bond Fund (HYG) was down 91 cents and SPDR Barclays High Yield Bond ETF (JNK) was down 40 cents. Blackstone/GSO Strategic Credit Fund (BGB) got pulled down and traded poorly. Gold fell from its highs but still closed $32.70 to the good. Silver was up 55 cents. I had been working on a positive thesis on gold but other projects got in the way, and I blew the opportunity as the price has risen on eight out of the 10 last trading days.   In agricultural commodities, wheat got schmeissed (down eight cents) and corn was down three cents. Lumber was flat. Crude closed down 84 cents, at $30.25, but natural gas was up six cents. Energy stocks, including Exxon Mobil (XOM) and Schlumberger (SLB), prospered today, despite a depressed commodity price. It might be foreshadowing better oil prices; we will see. Banks again were weaker as European institutions took a nosedive. I added to my large position. But life insurance wasn't any better, falling from the pressure of lower yields. I covered some MetLife (MET) and Lincoln National (LNC) shorts. Brokerages got caught in the systemic rumors and concerns and were lower on the day; I added to Morgan Stanley (MS) and Goldman Sachs (GS). Oaktree Capital Group (OAK) ended the day fractionally higher. Retail that I owned wasn't half bad; Best Buy (BBY) and Bed, Bath and Beyond (BBBY) closed higher, but Macy's (M) retreated by 60 cents. That said, remodeling favs Home Depot (HD) and Lowe's (LOW) continued the thrashing that accelerated on Friday. After the close, The Gap (GPS) reported that same-store sales were down 8%. However, its guidance was better than expected and the stock is rallying a small fraction after hours. Lululemon (LULU), Coach (COH) and Under Armour (UA) were all much weaker in a poor apparel space. Autos were mixed; Ford (F) was higher and General Motors (GM) lower. I wonder, after great gains on the short side, whether I am outstaying my welcome. But, I have taken down these shorts to small. Media was awful -- even good performer Comcast (CMCSA) faltered. New lows for Disney (DIS). Old tech was weak, led by Microsoft (MSFT) and Intel (INTC), but bounced off their lows along with the rest of the market. Staples were broadly higher, led by PG, which embodies the flight to safety.  Biotech was decimated. Valeant Pharmaceuticals (VRX) was down by another $6.50 and my spec fav Intrexon (XON) was down by a beaner. Allergan (AGN) hit a new recent low at $266. (T)FANG weakness and future were chronicled in my opening missive today. The acronym was lower, but Alphabet (GOOGL) and Netflix (NFLX) managed to rise modestly. Tesla (TSLA) got hit badly (down $14), as did Facebook (FB) and, to a lesser degree, Amazon (AMZN). NOSH was starving; Nike (NKE), O'Reilly Automotive (ORLY) and Home Depot (HD) were down bigtime. Starbucks (SBUX) rallied off the lows to end the day flat. CRABBY was mixed, led to the downside by Citigroup (C); I added it. Disease-like laggards Potash (POT) and Twitter (TWTR), which reports Wednesday, continued to lag.  iShares China Large-Cap (FXI) -- a Best Ideas List participant as a short -- doesn't have an uptick in it.  Apple's (AAPL) strength was conspicuous , up $1.20. During the day I added to many of my existing longs and added to new banks Regions Financial (RF) and BB&T (BBT); I put them on the Best Ideas List. Again, i see banks as multiyear plays and not as short-term trades. I also covered small positions in a broad list of my core shorts, including DIS, MET and LNC. As mentioned, I day traded an aggressive position in SPY for a profit. I will continue to try to accomplish that feat. I ended the day at market neutral. For the time being and assuming no change in fundamentals, I remain a SPY buyer between the capitulation low (two Wednesdays ago at $181.25 and about $183.50) and I remain a seller on strength above $185. I know that's a pretty tight range, which likely will be resolved s
Listen to management and you would think the stock is up 100% since its IPO.
I outlined my near- and intermediate-term outlook in parts one and two of this morning's opening salvo. I moved in dramatic fashion from a relatively large net long exposure taken on a week ago Wednesday and Thursday to a small net short exposure at day's end. I got more aggressive after 3 p.m. I scaled into a SPDR S&P 500 ETF (SPY) short all day, from premarket to regular trading session (as high as $194.40) A Stanley Fischer rally? Algos sure like what he said. I view his verbiage as hedged and a non-event. The market, for the second day in a row, defied the weakness in crude oil prices, which were down $2.11 to $31.51 a barrel. Ns (Nasdaq) over Ss (S&P index) and Rs (Russell index). A strange day in light of weaker crude oil and the deteriorating price action in high yield. The U.S. dollar weakened against the euro. Gold up another $12.30 -- its sixth or seventh day in a row higher, I believe (more on gold tomorrow). Agricultural commodities saw wheat down three cents with corn and soybeans flat. Lumber was unchanged. Bonds were up by two to four basis points in yield, depending on maturities. iShares 20+ Year Treasury Bond (TLT) was down about 40 cents. Non taxables were weaker, with iShares National AMT-Free Muni Bond (MUB) down by 0.2%. But muni bond funds were higher. Strange. High yield was junky;  iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was down 42 cents and SPDR Barclays High-Yield Bond ETF (JNK) was down 22 cents. Blackstone/GSO Strategic Credit Fund (BGB) held recent gains Banks were flattish, but they had a monster run on Friday -- up 5%. They were featured on the cover of Barron's. Citigroup (C) is the strongest name. Selected financials were strong. Blackstone Group (BX), despite a Goldman Sachs downgrade, reversed bigtime. Oaktree Capital Group (OAK) was conspicuously strong. Both BX and OAK are on my Best Ideas List.  But brokerages -- such as Goldman Sachs (GS) and Morgan Stanley (MS) -- were hit with profit- taking. Life insurance, too, was death, including Lincoln National (LNC), MetLife (MET) and Hartford Financial Services Group (HIG) Retail showed large gains, led by Wal-Mart (WMT);  I eliminated a trading long rental for a large percentage gain). Macy's (M), Best Buy (BBY) and Bed, Bath and Beyond (BBBY) reversed substantially to the upside. Utilities were up and highlighted in my Diary.   Staples were mixed, despite the weakening U.S. currency. The energy sector suffered under the weight of a large decline in crude oil. Biotech recovered, led by Valeant Pharmaceuticals (VRX), Mallinckrodt (MNK), and my spec fav, Intrexon (XON). Autos had a dead-cat bounce. (T)FANG resumed its strength, though Amazon (AMZN) was down $12. Tesla (TSLA) and Facebook (FB), which hit a new high, were features. NOSH was tasty, fueled by Nike (NKE) and O'Reilly Automotive (ORLY). CRABBY was up small. Last program standing defines the close. Alphabet (GOOGL) tonite -- Boca Biff is short Alphabet, but he is not that good of a speller! I reinitiated a SPY short (
It's like a slow building tsunami ready to topple an island. 
"In the garden, growth has it season. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again."
The last became the first today.  I outlined my technical rationale for thinking that yesterday's "noon swoon" might be an important market bottom.  History is my guide, not anecdotes.  An abundance of uncreative, consensus and "groupstink" in the business media today. Too many that I won't even repeat some of the uninformed comments about yesterday's  short covering (that is almost always the start of a legit rally). Yesterday's dip of death and "noon swoon" was (based on my desk contacts) machine- and algo- driven. Gamma hedgers and risk parity strategies were especially active in the drop.    Ss (S&P) over Ns (Nasdaq) and Rs (Russell). The U.S. dollar was stronger, though well off of the day's best. Taxable government bonds were weaker -- the 10- and 30-year yields were four basis points higher. High yield, as seen with iShares iBoxx $ High Yield Corporate Bond ETF (HYG), up 66 cents, and SPDR Barclays High Yield Bond ETF (JNK), up 17 cents, reversed recent losses. Blackstone/GSO Strategic Credit Fund (BGB) was flat, and I added. Municipals were lower, slightly, and closed-end municipal funds recovered a good portion of yesterday's loss, which seemed to have been inspired by the group being a source of funds. Oil was up $1.40. Schlumberger (SLB) had a two-cent beat and announced a large buyback, boosting shares a bit, while Exxon Mobil (XOM) responded well to the rise in the commodities prices. I had covered most of my short yesterday. Natural gas was up four cents. Agricultural commodities were mixed. Wheat was up three cents, corn down three cents and soybean up a nickel. Lumber was up $1.60. Banks were weak, owing to oil-related credit concerns -- more on that next week. I am not as concerned as the market with regard to oil credits. I added to Citigroup (C) and Bank of America (BAC) today. Retail paid off. Macy's (M), Best Buy (BBY), Bed, Bath and Beyond (BBBY) and Wal-Mart (WMT) were all strong. M continued the technical breakout mentioned yesterday. Consumer staples were surprisingly strong given the dollar, though I suppose the selloff in the dollar buoyed late-day action. Old Tech was a tad better, with a dead-cat bounce from IBM (IBM) after Wednesday's schmeissing.  (T)FANG was mixed. Amazon (AMZN) was up $3.25 and Google, now Alphabet (GOOG), rose $8-plus, but the others were flat to down. Netflix (NFLX), the object of my disaffection this morning, fell more than $5. NOSH saw gains from three of the four stocks. Nike (NKE) was relatively strong. CRABBY was mixed, with fractional moves. Starbucks (SBUX), the stock that nearly everyone owns and likes, beat by a penny but the top line was weaker than expected. Chinese comps were disappointing (up 5%), overall comps were in line. Guidance was less than expected by consensus. I remain short but small after yesterday's cover when the shares were down $3. I expect a poor response to today's after-the-close release. The stock is down nearly $3 after closing up $2-plus in the regular session. American Express (AXP) beat but guidance is poor. Another Buffett holding with a leaking "moat" by virtue of losing its brand premium and value. Twitter (TWTR) continues its modestly better action. Potash (POT) was weak in a stronger sector, where both Monsanto (MON) and Culp (CFI) finished higher. Oaktree Capital Group (OAK) was flattish.  I spent the last year shorting

From Goats to Heroes Real Money Pro($)

"So the last will be first and the first will be last."
We're not in Crazy Town, just the suburbs.
Did I mention that the market has no memory from day to day? I took today's late afternoon schmeissing as a panic low and adjusted my long exposure in my portfolio appropriately and opportunistically. All the ingredients I look for coalesced this morning and early afternoon -- shock, panic, fear and immobility on the part of many investors. But this statement is very subjective and must be taken with a grain of salt! As I noted, it's not time to be fearful when others are fearful and the S&P Index had dropped from 211+ to 182. At 182 the S&P was undervalued (according to my calculus) for the first time in more than six months. At the low today, the S&P was down by about 11% year to date, which is in line with my expectation of a low double-digit decline for 2016. My "Fair Market Value" calculation, shown recently, is 1860. We closed exactly at 1860!  That said, it won't be smooth sailing and it likely will be volatile. This European Central Bank story might have triggered some buying midday. Who knows? The U.S. dollar was stronger and that took down some of the consumer staple stocks. Bonds were stronger, though off the day's highs. The two-year U.S. note dropped by four basis points. Most other maturities fell by a similar amount in yield. Municipals were firm as well. Closed-end municipal bond funds were a noted casualty today despite a better municipal market. Are they a source of funds, as they have held up well? High yield was down on the day, but iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was about $1 off of its low and closed down a half a buck after being down $1.50-plus. Blackstone/GSO Strategic Credit Fund (BGB) closed down 14 cents but still off the lows of the day. I added, as non-energy junk bonds are being priced for a relatively deep recession. Crude oil fell by nearly $2 a barrel. Natural gas was a nickel higher. Gold rose by $12 an ounce. I have sold my SPDR Gold Shares (GLD). Silver was a few pennies to the good. Wheat fell by two cents, corn rose by two cents and soybeans declined by a dime. Lumber was schmeissed, with a nearly $9 loss, or 4% Oil stocks were standouts to the negative side; my shorts Exxon Mobil (XOM) and Schlumberger (SLB) were the world's fair with losses in the 3% range. These shorts have done famously in the last few months, and I might be overstaying my energy shorts, but I did take them down. Banks were underperformers -- the target of systemic risk concerns (oil, currency and more). I believe those concerns to be misplaced and I have added today to already large long positions. Life insurance stocks got obliterated, again. I covered some Lincoln National (LNC) and MetLife (MET) at good prices. Retail stocks were standouts to the upside after recent weakness. Macy's (M) breached its 50- day moving average to the upside and Best Buy (BBY) rose 2.5%. Biotech also took a turn to the upside, with a nearly 3% rise led by gains across the board. (T)FANG saw all five components decline, including a wild trading day in Netflix (NFLX). I covered Facebook (FB) for a nice profit at $91.30; it closed $3 a share higher than my cover. NOSH was mixed, with Nike (NKE) strongest of the acronym. CRABBY's six components were lower, but the percentage changes were not large. Twitter (TWTR) was the subject of takeover rumors and traded above $19, closing at around $17.40 for a 4% gain. Potash (POT) managed a small gain but faded toward the close. Comparable Monsanto (MON) was weak. It looked to me like a selling climax at a
Involvement by activist investors will likely force the retailer to take value-boosting actions.

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