$BBY – Best Buy, Inc – Last closed at – $25.85 – Bearish (Short term)

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer a wide range of products from televisions & car stereos to snacks and beverages, notebooks and desktop computers to kitchen and bath fixtures.

Shares of Best Buy dropped 9.7% on Jan 14, 2016, after the company reported dismal holiday sales numbers. The holiday sales for the nine weeks ended Jan 2, 2016, declined 3.6% to $10,961 million and has been on the negative note since then.

BBY reported its revenues for the last quarter yesterday. It reported an EPS of $0.41, topping the consensus estimate of $0.36. Analysts at Jefferies Group increased their Q1 2017 earnings per share estimates for shares of Best Buy Co and gave a “buy” rating, with the target price of $47.

On the other hand, Morgan Stanley has downgraded the ratings on Best Buy from Overweight to Equal Weight, and reduced its target price from $37 to $28. It has sound fundamentals, with a ROI (ttm) of 19.80%, P/E(ttm) of 10.73 and a Debt/Equity ratio of 0.35. We may expect it to be bullish in the medium – long term. Regardless, the current sentiment index remains bearish for BBY.


$CREE- Cree Inc. Last closed at 25.40- Bullish (short term)

Cree, Inc. is a multinational manufacturer of semiconductor light-emitting diode (LED) materials and devices, with its headquarters in Durham, North Carolina. Most of its products are based on silicon carbide.

Cree Inc. posted better-than-expected results for its second quarter on Tuesday as it wrapped up the restructuring of its light-emitting-diode business. Shares of the company, which have declined 8.9% so far this month, jumped 5.4% to $25.40 in after-hours trading. Cree has largely benefited from the phase-out of some incandescent light bulbs. Analysts look forward to a short term bullish trend for the company’s stock and believe that it will take some time for the company’s share price to revive.


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