Best Buy (BBY) reported earnings this morning. Both earnings and projections for Best Buy were only slightly below consensus.
Best Buy’s stock has taken a major hit primarily because of negative commentary by the analysts. ‘Best Buy has become a show room for Amazon (AMZN),’ has become the most often repeated phrase.
Anyone contemplating short selling this stock should think twice because the short interest stands at 12.5% of Best Buy float. Potential for a short squeeze is high.
If and when six screens of the ZYX Change Method are satisfied, we will issue a buy signal on the Real Time Feed of the ZYX Buy Change Alert.
