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May 23, 2022

Best Buy Co Inc

Cramer’s week ahead: Stocks can’t stage ‘meaningful’ comeback until major obstacles are resolved

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CNBC – For more and to sign up click here CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful comeback, we need China to reopen, Russia......

Stocks head for another potentially treacherous week, after S&P 500 falls into bear market territory

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CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a......

Jim Cramer says to consider these five high-yielding stocks to upgrade your portfolio

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Monday gave investors a list of five “accidentally high yielders” that he believes will provide investors refuge in the currently unpredictable market. “At the depths of the [2008] financial crisis, you got an amazing opportunity to......

Keep an eye on these 9 beaten-down retail stocks, Jim Cramer says

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Friday offered a list of nine discounted retail stocks that he believes could be great additions to investors’ portfolios. “Today we saw many of these discounted retailers rally nicely, but it will take many more days......

Jim Cramer says investors should buy these 11 recently boosted dividend stocks

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Thursday offered investors a list of dividend stocks with yields that recently increased, that he believes buyers should add to their portfolio. Dividends are a generally “unassailable defense against a volatile market,” the “Mad Money” host......

Stocks making the biggest moves in the premarket: Tesla, Sweetgreen, Gap and more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Tesla (TSLA) — Shares fell 1.2% in premarket trading after CEO Elon Musk challenged the United Auto Workers union to try and organize his company’s assembly plant in......

Best Buy’s holiday-quarter sales miss expectations due to supply chain challenges and omicron

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CNBC – For more and to sign up click here Best Buy on Thursday fell short of Wall Street’s fourth-quarter sales expectations, as it ran low on some popular holiday items and reduced store hours because of omicron-related staffing shortages. Shares bounced around in premarket trading as investor’s weighed a......

Nordstrom shares soar as the department store chain makes ‘baby steps.’ But it still has a ways to go

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CNBC – For more and to sign up click here Nordstrom signage outside one of the company’s full-line department stores. Tim Boyle | Getty Images News | Getty Images Nordstrom shares are soaring after the department store chain offered up an upbeat outlook for the coming year, forecasting profits and......

Cramer’s week ahead: Inflation takes center stage with retail earnings, Powell testimony

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Friday previewed next week’s earnings slate and other pivotal market events, including congressional testimony from Federal Reserve chief Jerome Powell. Given the calendar, the “Mad Money” host said he believes Wall Street’s primary focus will shift......

Inside the $644 billion business of reselling returned items, from electronics to bizarre finds

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CNBC – For more and to sign up click here Inside Liquidity Services‘ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. Instead, they’re stacked with returns from Amazon, Target, Sony, Home Depot, Wayfair and more, all in the process of being liquidated. “Liquidators are coming in......

Bengals-Rams Super Bowl could boost Best Buy’s TV sales. A Chiefs-49ers game would be the worst-case scenario, analyst says

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CNBC – For more and to sign up click here Joe Burrow #9 of the Cincinnati Bengals against the Tennessee Titans during the AFC Divisional Playoff at Nissan Stadium on January 22, 2022 in Nashville, Tennessee. Andy Lyons | Getty Images The Kansas City Chiefs have the biggest star in......

A more than $761 billion dilemma: Retailers’ returns jump as online sales grow

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CNBC – For more and to sign up click here Miami, Doral, IKEA exchange and returns elevators. Jeff Greenberg | Universal Images Group | Getty Images As shoppers buy more online during the pandemic, they are also returning a larger portion of clothes, shoes and other purchases to retailers. On......

Retailers face rising holiday-return costs due to supply chain issues, a new report says

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CNBC – For more and to sign up click here Woman doing online shopping. Oscar Wong | Moment | Getty Images Free returns are certainly not free for retailers. In fact, the cost of processing returns will increase this holiday season, according to logistics forecasts, especially against a backdrop of......

Investors could get ‘a gift’ if this S&P stock continues its pullback, trader says

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CNBC – For more and to sign up click here Investors may soon get their best chance to purchase Best Buy, Inside Edge Capital Management founder Todd Gordon said. Nearly 40% of the S&P 500’s components including Best Buy, Disney, Biogen and a number of travel stocks are trading below......

Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season

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CNBC – For more and to sign up click here Shoppers with bags from various stores stand next to each other as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Traffic at retail stores on Black Friday......

A crowded Thanksgiving table is good news for Williams-Sonoma, even after the holidays are over

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CNBC – For more and to sign up click here Shoppers pass in front of a Williams Sonoma store at The Mall at Short Hills shopping center in Short Hills, New Jersey. Gabby Jones | Bloomberg | Getty Images As bigger holiday gatherings return, a wave of party hosts are......

Best Buy earnings top estimates but retailer’s stock tumbles amid weakening demand, shipping bottlenecks

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CNBC – For more and to sign up click here Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy‘s fiscal third-quarter earnings beat estimates on Tuesday, yet shares......

Stocks making the biggest moves in the premarket: Best Buy, Zoom Video, Urban Outfitters and more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Best Buy (BBY) – The electronics retailer’s shares tumbled 10.4% in the premarket, after it forecast holiday season comparable sales largely below Wall Street forecasts as it faces......

Stock futures are mildly lower after rout in tech stocks

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CNBC – For more and to sign up click here U.S. stock futures were mildly lower in early morning trading on Tuesday after a tech-focused sell-off spurred by rising bond yields that saw the Nasdaq Composite drop more than 1%. Dow futures shed 33 points. S&P 500 futures and Nasdaq......

Cramer’s week ahead: Covid market scares are buying opportunities

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Friday previewed the slate of corporate earnings reports that are during next week’s holiday-altered trading schedule. The “Mad Money” host’s comments came after a mixed session on Wall Street, with the Dow Jones Industrial Average and......

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