BBY

Well isn't BBY just hanging in there like a tough little soldier today. :D

I suspect its going to pop over $40 next week.... thats fine.... let it do its thing. $37 w/i 2 weeks or less.
 
vanzandt said:
For anybody that cares.... right now you can buy the Sept 2 $41.50 puts for $2.15.

Thats bank. Easy money on this one folks. Put a $1.95 stop on it. Shouldn't be a factor though.

I'm low on dry powder right now, but I would be all over this one... fwiw.
More...


40%
 
• Best Buy's sales defy retail's slump

At a time when brick-and-mortar retailers have taken a beating as in-store traffic tumbles and sales gravitate to online channels, Best Buy has proven legacy retailers can still boost sales. The electronics retailer's shares jumped by over 20% on Thursday after the company reported an increase in U.S. sales, a surprise to both the company and Wall Street as each had forecast a decline. Results were lifted by the gaming division, most notably demand for Nintendo's new Switch game console. Best Buy also sees a sales increase for comparable-sales in the current quarter. Chief Executive Officer Hubert Joly has steered a revival at Best Buy with cost cutting and by reinvesting in stores that showcase specific brands and services. The next phase of Best Buy's renaissance under his watch will involve an expansion of Best Buy's digital and international businesses, as well as services such as in-home electronics consultations. Fortune
 
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