Best Buy Aktie News

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If you were to have asked me three years ago for a list of retailers that would be making cuts today, Best Buy BBY would not have been on it. Then again, if you would have asked me in 2012 for a list of retailers that would successfully reestablish themselves in the second half of that decade after nosediving in the first, Best Buy wouldn't have been on that list either.

Best Buy's stock price has risen recently, but the future outlook looks poor based on lowered sales revenue. Shrinking sales revenue, slow adaptability, and overvaluation make Best Buy a poor stock to own in 2024. However, the dividend of 4.8% still offers value. Best Buy faces vulnerabilities in online competition, e-commerce sales growth, and changing consumer habits.

Last month, the economy added 303,000 nonfarm payrolls, potentially translating to a swing higher in consumer cyclical stocks. More dollars are chasing after fewer goods.

Best Buy, in a shift toward AI, laid off Geek Squad field agents, home-theater repair technicians and phone support specialists, according to current and former employees.

Value and momentum are not mutually exclusive in the stock market. Dividend investors can utilize momentum to identify undervalued stocks. Here are two stocks that have momentum, value, and upcoming catalysts.

Barron's seventh-annual (2024) ranking of Sustainable companies started with the 1,000 largest publicly traded companies by market value, then ranked each by performance for five key constituencies: shareholders, employees, customers, community, and planet. Home products company Clorox sits at the top for the second straight year, edging out Kimberly-Clark, CBRE Group, Hasbro, and Agilent Techn...

Consumption spending is the key growth driver for the U.S. economy. Within consumption spending, retail sales are an important catalyst for GDP growth.