Seeking Alpha

Cleveland Research: Best Buy sales trends "encouraging"

  • Best Buy (BBY +3%) shares jump after Cleveland Research analyst Daryl Boehringer issues a note that sales trends in the first half of Q3 at the electronics retailer were "encouraging," particularly in comparison to the overall retail landscape.
  • Boehringer sees market share gains in key categories on the back of store re-designs and raised his Q3 comparable store sales estimate to 2.5% from 1% previously.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: