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.
I'm eyeing a retest of the 10-week simple moving average around $30.50.
Consumer-facing companies that forget will inevitably suffer the loss of this critical cohort.