A careful analysis of the earnings report of Best Buy (BBY) shows that the business Best Buy may be losing to online competitors is less than some reports by analysts. An encouraging statistic in the Best Buy report is that 40% of leases expire in the next 5 years.
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
Taking profits on a 5% tranche of Pan American Silver (PAAS)at $31.45.
Broadcom (BRCM) is acquiring NetLogic (NETL) for approximately $3.7 billion. NetLogic share holders will receive $50 per share. Broadcom expects the acquisition to be accretive by approximately $1.10. Broadcom also reaffirmed its business outlook for Q3. Those holding NetLogic may consider continuing to hold it until the
We are taking partial profits on GLD right here $178.75 on a 5% tranche.
Added a 5% tranche to Deutsche Bank (DB) at $28.66. Deutsche Bank is perhaps the most hated bank in the world. From a sentiment point of view, when something is most hated, it is usually the time to buy. Based on our analysis, Deutsche Bank can easily
We are initiating a stop on the entire PowerShares QQQ (QQQ) postion at $53.17.