Brown Advisory Inc and the
Bank of New York Mellon Corp trimmed their positions in
Best Buy Co., while
Alps Advisors Inc and
Envestnet Portfolio Solutions Inc increased their holdings.
Jim Cramer sold his
BBY stock, citing potential 50% drop due to tariffs.
BBY's CEO bought $1 million in stocks, seemingly contradicting concerns of the potential impact of tariffs on the retail company. Best Buy cut its profit outlook due to tariffs, which is expected to lead to price hikes. Regardless of the turbulent environment,
Best Buy reported mixed Q1 results and remains attractive to some investors that focus on strong dividend yields. While some analysts report a bearish outlook for
BBY amidst fears of tariff onslaught, others stress the company's ability to manage debt responsibly as a sign of resilience. However, Best Buy's stock faces risks despite the buzz around the Nintendo Switch 2, and a potential sales surge will be needed for the stock to escape turbulence.
Best Buy Company Stocks BBY News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Sat, 12 Jul 2025 23:09:21 GMT -
Rating -3
- Innovation 3
- Information 2
- Rumor -2
