Best Buy (BBY) Offering Possible 31.58% Return Over the Next 14 Calendar Days

Best Buy's most recent trend suggests a bearish bias. One trading opportunity on Best Buy is a Bear Call Spread using a strike $64.00 short call and a strike $69.00 long call offers a potential 31.58% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $64.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock rose above the $69.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Best Buy is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Best Buy is bearish.

The RSI indicator is at 31.76 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Best Buy

See what the IHS Markit Score report has to say about Best Buy Co Inc.
Wed, 05 Jun 2019 12:01:12 +0000
Best Buy Co Inc NYSE:BBYView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for BBY with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BBY. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding BBY totaled $5.03 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a weakening bias over the past 1-month. BBY credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Edited Transcript of BBY earnings conference call or presentation 23-May-19 12:00pm GMT
Sat, 01 Jun 2019 23:50:12 +0000
Q1 2020 Best Buy Co Inc Earnings Call

Best Buy Co., Inc. — Moody's announces completion of a periodic review of ratings of Best Buy Co., Inc.
Fri, 31 May 2019 16:26:07 +0000
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Best Buy Co., Inc. New York, May 31, 2019 — Moody's Investors Service (“Moody's”) has completed a periodic review of the ratings of Best Buy Co., Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Is Best Buy Co. (BBY) Stock Outpacing Its Retail-Wholesale Peers This Year?
Fri, 31 May 2019 13:30:01 +0000
Is (BBY) Outperforming Other Retail-Wholesale Stocks This Year?

How Best Buy cheated death and took on Amazon
Thu, 30 May 2019 10:56:08 +0000
Amazon has shattered traditional brick-and-mortar stores across sectors, but there's one retail giant that still stands amid the rapidly changing retail market: Best Buy. In 2012, the electronics chain almost went under. Then, somehow, it didn't.

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