TheStreet's Jim Cramer is keeping an eye on Best Buy (BBY) Thursday when the electronics retailer releases its third quarter earnings results before the opening bell. Cramer says, 'what I'm going to listen to on Best Buy...is what they're saying about GoPro (GPRO) and what they're saying about Fitbit (FIT), what they're saying about what's selling. I mean, that's really kind of where we've been going with Best Buy.' Analysts polled by Thomson Reuters are expecting the company to post earnings of $0.35 a share, up from the year ago period. Revenue is expected to come in at $8.88 billion, down from the $9.4 billion it reported a year earlier. Shares of BBY are down nearly 20 percent year-to-date.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.