This unloved part of the market has frequently produced some of the biggest gainers within my personal portfolio over the years.
Prices have trended higher for a year and are now retesting highs from July.
Despite strong results and steady guidance, I would prefer to see this one move on share price before going long on BBY.
There are four possible headline risks that could put the kabosh on these markets.
Qurate Retail, the parent of QVC, offers a tutorial in when it might be wise to buy more of a stock that hasn't met expectations.
Here's why I'm on the sidelines for now.
It is not going to run the company to please Wall Street. It is going to run the company to please consumers and if the consumer is happy, Costco is happy.
Citigroup's upgrade of Uber to buy from neutral could be enough to generate some positive momentum for the ride-sharing company.
There are definitely worse places to invest than in the equity of BBY.
Prices have worked lower the past 12 months.