Best Buy (BBY) PT Lowered to $75 at Credit Suisse, '2H Hail Mary?'

S&P 500 in rally mode as Nvidia's blowout guidance sparks tech melt-up

Investing.com -- The S&P 500 surged Thursday, as an Nvidia-led surge in tech and progress on debt ceiling talks stoked bullish bets on stocks.

The S&P 500 was up 0.9%, the Dow Jones Industrial Average fell 0.1%, or 35 points, the Nasdaq gained 1.8%.

NVIDIA (NASDAQ: NVDA) surged 27%, taking its market cap to $956.52 billion and within touching distance of $1.000 trillion, after reporting better-than-expected first-quarter results and guidance that markedly topped Wall Street estimates.

The chipmaker said it expected second-quarter revenue of about $11.00B, well above analyst expectations of $7.00B, as the... More

Nvidia and Best Buy rise premarket; Dollar Tree and Snowflake fall

Investing.com -- Stocks in focus in premarket trade on Thursday, May 25th. Please refresh for updates.

Nvidia (NASDAQ: NVDA) stock soared 28% after the world's most valuable listed chip company forecast strong current-quarter revenues, adding it was ramping up supply to meet surging... More

Best Buy posts first quarter earnings beat amid discretionary spending pressures

Investing.com -- Best Buy Co. Inc. (NYSE: BBY) reported better-than-expected net income in the first quarter and maintained its full-year outlook, as gaming and services demand helped partially offset a downturn in discretionary spending that has impacted other retail rivals.

The... More

Evercore ISI Reaction to Best Buy (BBY): 'not as bad as feared'

Evercore ISI analyst Greg Melich reiterated an In Line rating and $80.00 price target on Best Buy (NYSE: BBY).

The analyst comments "Best Buys 1Q comp of -10% was in line with the street and our -10%, while EPS of $1.15 beat by a modest 5 cents in their seasonally soft quarter. BBY guided... More

Best Buy says demand weakness to bottom out by year end, sales decline narrows

By Savyata Mishra

(Reuters) -Best Buy Co Inc on Thursday posted a smaller-than-expected drop in comparable sales and said inflation-induced weakness in electronics should bottom out by the end of the year, sending shares of the top U.S. electronics retailer up 4%.

The company, which beat its first-quarter profit estimates, also maintained its full-year profit and revenue forecasts, joining retailers Home Depot and Target Corp, as inflation-hit Americans cut spending on non-essential... More

Best Buy (BBY) Tops Q1 EPS by 4c; reaffirms guidance

Best Buy (NYSE: BBY) reported Q1 EPS of $1.15, $0.04 better than the analyst estimate of $1.11. Revenue for the quarter came in at $9.47 billion versus the consensus estimate of $9.54 billion.

GUIDANCE:

Best Buy sees FY2024 EPS of $5.70-$6.50, versus the consensus... More

Best Buy (BBY) May weekly option implied volatility into quarter results

Best Buy (NYSE: BBY) May weekly call option implied volatility is at 123, June is at 49; compared to its 52-week range of 27 to 88 into the expected release of quarter results before the bell on May 25.

Best Buy (BBY) May weekly 69 straddle quarter results

Best Buy (NYSE: BBY) May weekly 69 straddle is priced for a move of 8% into the expected release of quarter results before the bell on May 25.

Best Buy (BBY) May weekly option implied volatility into quarter results

Best Buy (NYSE: BBY) May weekly call option implied volatility is at 101, June is at 51; compared to its 52-week range of 27 to 88 into the expected release of quarter results before the bell on May 25.