Best Buy Co (NYSE:BBY) 주식

BEST BUY CO INC

Best Buy Co

With over $41 billion in consolidated 2024 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8% share of the North American market and around 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.

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CNN 머니 공포·탐욕 지수는 전체 시장 심리가 개선되었다는 점을 나타냈지만, 지수는 목요일(29일) &#34;탐욕&#34; 영역에 남아 있었다.미국 증시는 목요일에 상승세를 보였고, S&amp;P 500은 엔비디아(NASDAQ:NVDA)의 기대 이상의 실적에 힘입어 세션 동안 상승을 기록했다.한편 미국 연방법원은 도널드 트럼프 대통령이국제비상경제권한법(IEEPA)에 따라 시행한 글로벌 관세를 무효화했으며, 이는 향후 미국 무역 정책을 재편할 수 있는 조치였다.

엔비디아 랠리 속 S&amp;P 500 지수 상승: 투자 심리 개선, 공포 지수는 &#39;탐욕&#39; 영역 유지

DELL

CNN 머니의 공포·탐욕 지수는 전체 시장 심리가 하락했음을 보여주었으나, 수요일에는 지수가 &#34;탐욕&#34; 영역에 머물렀다.미국 주식은 수요일(28일)에 하락세로 마감했으며, 다우존스 지수는 거래 세션 중 200포인트 이상 하락했다. 미국과 EU 간의 무역 관계 개선에 대한 낙관론으로 촉발된 화요일(27일)의 급격한 랠리 이후 미국 증시는 상승하는 국채 수익률로 인해 압박을 다시 받으며 주춤했다.

다우 지수 200p 이상 하락: 투자 심리 악화, 공포 지수는 &#39;탐욕&#39; 영역 유지

Nvidia

COST

목요일(29일) 아침 미국 지수 선물이 상승세를 보이면서, 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다. 엔비디아, 베스트 바이, 호멜 푸즈, 델 테크놀로지스 및 코스트코

목요일 주목해야 할 주식: 엔비디아, 베스트 바이, 호멜 푸즈, 델 테크놀로지스 및 코스트코

Best Buy Co Inc

ABRA INFORMATION TECH LTD by ABRA INFORMATION TECHNOLOGIES LTD

BABYTREE GROUP by BABYTREE GROUP

We have discussed why I favor real estate and Real Estate Investment Trusts. Since 1972, REITs have outperformed the major indexes. According to CEM Benchmarking, publicly traded real estate has outperformed every asset class except private equity since 1998. REITs have an excellent track record of paying and growing dividends.
Most people would rather chase stories than be the landlord and lender. I know far more wealthy lenders and landlords than I do rich dreamers.
Right now, most investors either hate real estate or simply do not think about it. The instant experts of the internet are convinced that real estate is heading to zero and will crash the banking system. They believe only bitcoin and AI stocks are worth buying. That is not going to happen.
Make your own call on bitcoin and AI. But consider this: who needs real estate?
Bitcoin and AI companies and their employees do. They need office space. They live somewhere. They shop at stores, pharmacies, and frequent gas stations and convenience stores. They visit doctors and labs. They travel to conferences usually held in hotels.
Those that actually manufacture products will eventually need warehouse and logistics space. Bitcoin miners need physical locations to house all those computers.
The majority of high-tech startups are going nowhere, but the people involved will still interact with real estate and make landlords wealthy regardless of how their ventures turn out.
I am not the only one who likes real estate at current prices.
&nbsp;I am seeing insiders who run these REITs (people who know the market better than anyone) begin making open market purchases of their own stocks.
John Rakolta Jr. is Chairman of Walbridge, one of the largest privately owned construction companies in the United States. Walbridge is a top U.S. builder of automotive and manufacturing facilities and has achieved considerable market diversity through expansion into the hyperscale data center market. He is also a Director of Agree Realty and has been aggressively buying shares in the open market recently.
While the instant experts of the internet scream &#8220;retail apocalypse&#8221; and predict the death of brick-and-mortar stores, Agree Realty (Ticker: ADC) has not only survived but thrived by completely rewriting the playbook. Agree Realty represents everything I look for in a long-term holding: contrarian thinking, exceptional management, fortress-like financials, and a business model that generates predictable cash flows in an unpredictable world.
In 2010, while everyone was fleeing retail real estate like it was radioactive, Agree Realty management team made a prescient decision that would define the company future. They launched their acquisition platform with a laser focus on &#8220;e-commerce resistance,&#8221; a concept largely ignored by the investment community at the time.
Consider that timing. This was just two years after the financial crisis, with Amazon retail dominance becoming increasingly apparent and traditional retailers closing stores left and right. Most investors and REITs were fleeing the sector. But Joey Agree and his team saw something different. They understood that certain types of retail were not going to disappear. They were going to evolve and become more essential than ever.
This was not just lucky timing. It marked the beginning of what would become one of the most successful strategic repositioning stories in REIT history.
Agree management articulated something Wall Street was missing: the emergence of the omni-channel economy. As Joey Agree explained in 2016, &#8220;Every retailer in the country is going to have to have billions of dollars, national retailers, to experiment, to test and eventually effectuate a true omni-channel experience because you cannot be an e-commerce-based retailer or just a brick-and-mortar-based retailer today. It does not work.&#8221;
This was not corporate speak. It was a fundamental insight that would prove prophetic. While others saw physical stores as dinosaurs, Agree saw them as critical infrastructure for the new retail economy. Stores were not just selling locations anymore; they were fulfillment centers, pickup points, showrooms, and customer experience hubs all rolled into one.
The company &#8220;RETHINK RETAIL&#8221; campaign was not marketing fluff. It was a declaration of war against conventional wisdom.
Let me walk you through some of Agree greatest hits, because this is where the company investment acumen really shines:
Tractor Supply Company (Ticker: TSCO) &#8211; Agree first acquired a Tractor Supply location in Q3 2013 when the company was still relatively unknown outside rural markets. Management saw something special: a retailer with no national competition serving the growing rural lifestyle market with products that could not easily be replicated online.
By Q2 2016, management was saying: &#8220;While neither Tractor Supply Company nor Hobby Lobby maintains a public credit rating, both possess investment-grade quality financials with very strong balance sheets.&#8221; They were ahead of the rating agencies by years.
By Q3 2018, their conviction was proven right: &#8220;We have a fantastic relationship with their real estate team. The business is really thriving. They have no national competition. They also have the highest-rated e-commerce website of any retailer.&#8221;
Today, after acquiring over 115 locations since 2013, Tractor Supply is Agree second-largest tenant at 4.9% of base rent. More importantly, TSCO was upgraded to investment grade (BBB by S&amp;P and Baa1 by Moody) in October 2020, validating Agree early assessment of the company credit quality.
Gerber Collision In 2014, Agree identified and met with The Boyd Group, parent company of Gerber Collision, recognizing early that this was a company positioned to consolidate a highly fragmented auto collision repair market. Their first acquisition came in Q3 2017.
By Q1 2018, management was already calling Gerber &#8220;the premier auto collision operator in the United States&#8221; and committed to working with them across all three growth platforms. By Q1 2022, they were describing their strategy as &#8220;identifying early on a retailer that we thought was in a tremendous position to access a fragmented space and had the balance sheet capabilities to do so.&#8221;
The result? Agree built a preferred development relationship with Gerber, developing over 20 locations to support their organic growth. Today, Gerber Collision is their 12th largest tenant with over 95 locations representing 2.3% of base rent.
Sunbelt Rentals First acquired in Q4 2015, Sunbelt Rentals represented Agree&#8217;s bet on the shift from equipment ownership to rental in the construction industry. As management explained in Q4 2019: &#8220;the only investment-grade operator in the country. If you look at the equipment ownership versus rental in this country&#8230; it is very, very low relative to Western Europe. And so, there&#8217;s a big opportunity in this country for equipment rental rather than ownership.&#8221;
The parent company, Ashtead Group, achieved investment grade ratings (BBB- by S&amp;P in August 2018, Baa3 by Moody), and by Q1 2022, management noted that &#8220;Our decision to invest in Sunbelt Rentals was recently reinforced by their upgraded BBB rating by Fitch.&#8221;
Sunbelt is now Agree 13th largest tenant with over 55 locations, representing 2.3% of base rent.
TJX Companies (Ticker: TJX) Agree relationship with TJX (parent of T.J. Maxx, Marshalls, and HomeGoods) dates back to 2012 when they developed their first T.J. Maxx. The company recognized early that off-price retailers had a sustainable competitive advantage in their treasure-hunt shopping experience and deep vendor relationships.
The insight proved prescient. As management noted in Q2 2017: &#8220;At the same time, in terms of women&#8217;s apparel, you look at T.J. Maxx&#8230;the off-price retailers have thrived.&#8221; By Q4 2017, they were saying: &#8220;the TJX Companies&#8230;is now our #5 tenant. We have a strong bias towards off-price retail and the experience and value proposition that it provides for consumers.&#8221;
Today, TJX is their 6th largest tenant at 3.1% of base rent, and the company continues to expand aggressively. Since 2012, Agree has acquired or developed over 55 TJX locations.
Let me give you a comprehensive look at Agree top tenants, because this portfolio tells the story of a company that has systematically assembled the cream of American retail:
Top 15 Tenants by Annualized Base Rent:
<ol start="1" class="wp-block-list">
<li>Walmart (Ticker: WMT) (5.9%, $38.5M ABR) &#8211; The undisputed king of retail, with the most advanced omni-channel operation in the world. Investment grade (AA from multiple agencies).</li>
<li>Tractor Supply (Ticker: TSCO) (4.9%, $31.8M ABR) &#8211; Dominant rural lifestyle retailer with no national competition. Upgraded to investment grade in 2020 (BBB/Baa1).</li>
<li>Dollar General (Ticker: DG) (4.4%, $28.4M ABR) &#8211; Leading small-box discount retailer serving rural and urban markets where traditional retailers can&#8217;t compete economically. Investment grade (BBB/Baa2).</li>
<li>Best Buy (Ticker: BBY) (3.3%, $21.7M ABR) &#8211; The last major electronics retailer standing, with a successful omni-channel model and services business. Investment grade (BBB/Baa1).</li>
<li>Kroger (Ticker: KR) (3.2%, $20.5M ABR) &#8211; One of America&#8217;s largest supermarket chains with advanced digital capabilities and strong market positions. Investment grade (BBB-/Baa1).</li>
<li>TJX Companies (Ticker: TJX) (3.1%, $20.0M ABR) &#8211; Off-price retail leader with T.J. Maxx, Marshalls, and HomeGoods. Investment grade (A-/A2).</li>
<li>CVS Pharmacy(Ticker: CVS) (3.1%, $19.9M ABR) &#8211; Healthcare-focused pharmacy chain with integrated health services. Investment grade (BBB/Baa2).</li>
<li>Dollar Tree (Ticker: DLTR) (2.8%, $18.3M ABR) &#8211; Fixed-price point retailer with defensive characteristics. Investment grade (BB+/Ba1 &#8211; sub-investment grade but improving).</li>
<li>O&#8217;Reilly Auto Parts (Ticker: ORLY) (2.8%, $18.3M ABR) &#8211; Leading automotive aftermarket parts retailer with strong same-store sales growth and e-commerce resistance. Investment grade (BBB+/Baa1).</li>
<li>Hobby Lobby (2.8%, $18.2M ABR) &#8211; Dominant craft retailer with no direct national competition and products difficult to replicate online. Privately held but with investment-grade quality financials.</li>
<li>Lowe&#8217;s (Ticker: LOW) (2.8%, $17.9M ABR) &#8211; Second-largest home improvement retailer with strong omni-channel capabilities. Investment grade (BBB/Baa2).</li>
<li>Gerber Collision (2.3%, $15.2M ABR) &#8211; Leading auto collision repair chain owned by Boyd Group. Investment grade parent (BBB-/Baa3).</li>
<li>Sunbelt Rentals (2.3%, $15.0M ABR) &#8211; Equipment rental leader owned by Ashtead Group. Investment grade parent (BBB/Baa3).</li>
<li>7-Eleven (2.2%, $14.2M ABR) &#8211; Convenience store leader with defensive location characteristics. Investment grade parent.</li>
<li>Burlington (Ticker: BURL) (2.2%, $14.0M ABR) &#8211; Off-price apparel retailer with strong growth trajectory. Sub-investment grade but improving credit profile.</li>
</ol>
What strikes me about this list is the intentionality behind every single tenant. These are not random retail relationships. They are carefully curated partnerships with companies that have either achieved market dominance, possess unique competitive advantages, or operate in sectors with natural barriers to e-commerce disruption.
Perhaps most impressive is the credit quality: 68.3% of Agree base rent comes from investment-grade tenants. This is not an accident. It is the result of a deliberate strategy to partner with retailers that have strong balance sheets and sustainable business models.
The tenant mix also reveals smart sector allocation:
<ul class="wp-block-list">
<li>Grocery Stores (10.1%): Essential, frequent-visit retailers with omni-channel capabilities</li>
<li>Home Improvement (9.1%): Large-ticket items requiring customer inspection and immediate fulfillment</li>
<li>Convenience Stores (7.8%): Location-dependent businesses with defensive characteristics</li>
<li>Tire &amp; Auto Service (7.8%): Services that require physical presence and specialized equipment</li>
<li>Dollar Stores (7.0%): Serving markets too small for traditional competitors</li>
</ul>
I want to spend a moment on Walmart specifically, because at 5.9% of base rent, they are Agree largest tenant, and this relationship exemplifies everything the company does right.
Walmart is not just surviving the retail apocalypse. They are winning it. The company has built the most sophisticated omni-channel operation in retail, with stores serving as fulfillment centers, pickup locations, and last-mile delivery hubs. Their e-commerce growth has been explosive, but rather than cannibalizing store sales, it is making their physical locations more valuable than ever.
For Agree, Walmart represents the perfect tenant: investment grade credit (AA rating), growing business model, and a real estate strategy that aligns perfectly with the omni-channel future. These are not legacy stores that might become obsolete. They are critical infrastructure for Walmart continued growth.
While the tenant quality is impressive, what really captures my attention is Agree&#8217;s balance sheet. This is what a fortress looks like:
<ul class="wp-block-list">
<li>Investment grade ratings: Baa1 from Moody&#8217;s, BBB+ from S&amp;P</li>
<li>Net debt to recurring EBITDA: 4.9x actual, 3.4x proforma (including forward equity)</li>
<li>Fixed charge coverage ratio: 4.3x</li>
<li>No material debt maturities until 2028</li>
<li>Total liquidity: approximately $2.6 billion</li>
<li>Outstanding forward equity: over $1.3 billion</li>
<li>Revolver capacity: $1.2 billion</li>
</ul>
This gives them tremendous flexibility to take advantage of market dislocations.
With their fortress balance sheet and $2.6 billion in liquidity, Agree is positioned for accelerated growth. Management recently raised their 2025 investment guidance to $1.3-$1.5 billion (up from $1.1-$1.3 billion), reflecting confidence in their ability to find attractive opportunities.
The investment pipeline is enormous: management estimates over 169,000 net lease opportunities across their target sectors, with $92+ billion in opportunities reviewed since 2018. They have been highly selective, investing only $8.0 billion over that period, demonstrating disciplined capital allocation.
In a world where dividend cuts have become commonplace, Agree has paid 159 consecutive monthly dividends with an average AFFO payout ratio of just 75% over the past ten years. The dividend has grown at approximately 6% annually over the past decade, reaching $2.99 per share in 2024.
This is not a yield play built on an unsustainable payout ratio. It is a genuine dividend growth story backed by growing cash flows and conservative financial management.
Here is what I find most compelling about Agree Realty: they have built a dominant position in a sector that most investors still view with skepticism. This creates a sustained competitive advantage. While others avoid retail real estate, Agree gets first look at the best opportunities.
The &#8220;retail apocalypse&#8221; narrative has created a two-tiered market where strong retailers with good real estate get phenomenal terms, while struggling concepts cannot secure financing at any price. Agree benefits from both sides of this dynamic: they get attractive pricing on quality assets while weak competitors are eliminated from their markets.
In a market obsessed with the next shiny object, Agree Realty has quietly built one of the highest-quality REIT portfolios in the market by betting on American retail evolution rather than its demise. They have assembled a collection of retailers that are not just surviving the omni-channel transition. They are thriving because of it.
While others were running from retail real estate, Agree was building relationships with the winners. While others were chasing yield at any cost, Agree was building a sustainable dividend growth engine. While others were leveraging up in good times, Agree was building a fortress balance sheet for all seasons.
This is the kind of contrarian, quality-focused investment that can anchor a portfolio for decades. In a world of uncertainty, Agree Realty offers something increasingly rare: predictable, growing cash flows backed by essential real estate infrastructure and managed by a team with a &#x2A;proven track record of outstanding capital allocation.
Sometimes the best investments are hiding in plain sight, dismissed by the crowd but quietly compounding wealth for those patient enough to see past the headlines.
The insiders in real estate see the opportunity.
You should as well.

Opinion

BURL

DLTR

ORLY

TSCO

Alpha Buying: How This Company Quietly Took Over American Storefronts

The Lovesac Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) shares are trading lower on Thursday after <a href="https://www.benzinga.com/pressreleases/25/06/g45900518/the-lovesac-company-reports-first-quarter-fiscal-2026-financial-results" target="_blank" rel="noreferrer noopener">reporting first-quarter results</a>.
The furniture retailer reported a loss of 73 cents per share, beating <a href="https://www.benzinga.com/earnings">the Street view of 83 cents loss</a>.
Quarterly sales of $138.37 million (+4.3% year over year) outpaced the analyst consensus estimate of $137 million. This growth was primarily driven by an 18.2% increase in showroom sales, offsetting an 8.9% decline in internet sales.
Also Read:<a target="_blank" href="https://www.benzinga.com/real-estate/25/06/45879650/americans-have-over-34t-in-wealth-trapped-in-home-equity-and-wall-street-is-trying-to-get-its-hands-on-as-much-of-it-as-possible" rel="noreferrer noopener"> Americans Have Over $34T In Wealth Trapped In Home Equity — And Wall Street Is Trying To Get Its Hands On As Much Of It As Possible</a>
Gross profit increased 3.2% year over year to $74.4 million. Gross margin declined by 60 basis points to 53.7% of net sales in first quarter of fiscal year 2026, compared to 54.3% in the same period last year. 
The drop was mainly due to a 230-basis-point decrease in product margin from increased promotional discounting, partially offset by lower inbound and outbound logistics costs.
The cash and equivalents balance as of May&nbsp;4, was $26.9 million as compared to $72.4 million as of May&nbsp;5, 2024.
Total merchandise inventory was $124.9 million as of May&nbsp;4, 2025 as compared to $94.7 million as of May&nbsp;5, 2024 primarily related to a planned stock inventory increase of $25.9 million coupled with an increase in freight capitalization of $5.1 million.
The company opened 11 new showrooms and closed 1, resulting in a total of 267 showrooms as of May 4, 2025.
The company also announced it has discontinued <a href="https://www.sec.gov/Archives/edgar/data/1701758/000162828025030861/love-20250504.htm" target="_blank" rel="noreferrer noopener">its</a> partnership with Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) and plans to wind down the Best Buy shop-in-shop locations by the third quarter of fiscal 2026, aligning with its strategic initiative to accelerate its physical and ecommerce presence.
The company stated that broad macroeconomic challenges, such as inflation, high interest rates, increased tariff and trade restrictions, and a weak housing market, are negatively impacting its business. These factors have led to a slowdown in consumer demand for its products, a trend that the company warns may continue.
Lovesac expects second-quarter GAAP EPS loss between 83 cents and 58 cents, higher than the 26 cents loss estimate. Revenue guidance stands at $157 million–$166 million, compared to the $161.67 million consensus.
The company projects adjusted EBITDA&nbsp;loss in the range of $2 million to $7 million. Net loss is expected to be in the range of $8 million to $12 million.
For fiscal year 2026, the company projects adjusted EBITDA in the range of $48 million to $60 million. Lovesac reaffirms GAAP EPS guidance of $0.80–$1.36 vs. $1.03 estimate.
It also maintains sales outlook of $700 million–$750 million, in line with the $710.71 million consensus. Net income is expected to be in the range of $13 million to $22 million.
Price Action: LOVE shares are trading lower by 12.3% to $17.98&nbsp;at last check Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45899298/automotive-and-apparel-companies-absorbed-tariff-costs-amid-better-than-expected-may-cpi-print-b" target="_blank" rel="noreferrer noopener">Automotive And Apparel Companies&#8217; Absorbed Tariff Costs&#8217; Amid Better Than Expected May CPI Print: &#8216;But Don&#8217;t Expect That To Continue,&#8217; Says Expert</a></li>
</ul>
Photo via Shutterstock

Equities

Guidance

Movers

General

LOVE

Furniture Retailer Lovesac Ends Best Buy Partnership, Issues Weak Forecast

Best Buy
On June 11, 2025, The Lovesac Company (the "Company") informed its employees that the Company approved a plan that would reduce operating costs and continue to advance the Company's ongoing commitment to profitability. According to this plan, the Company has discontinued its partnership with Best Buy and intends to wind down the Best Buy shop-in-shop locations (the "Exit"). This decision was made to align with the Company's broader strategic initiative of acceleration of the Company's physical and ecommerce presence. The Exit would result in a reduction of the Company's workforce by approximately 8%, consisting of certain employees that serviced the Best Buy shop-in-shop locations subject to local law and the Company's business needs. The Exit, including the closure of the Best Buy shop-in-shops and the resulting reduction in workforce, is expected to be substantially completed by the third quarter of fiscal 2026. The Company expects to incur costs in the range of $1.7&nbsp;million to $2.1&nbsp;million in connection with the Exit and reduction in workforce, which consists of non-cash impairment charges, severance and other one-time employee termination benefit expenses, and decommissioning of the Best Buy shop-in-shop locations, which the Company expects to recognize primarily in the third quarter of fiscal year 2026.
 &nbsp;
The foregoing estimated costs that the Company expects to incur in connection with the Exit are contingent upon a number of assumptions, and actual results may differ from these estimates. The Company may also incur additional costs not currently contemplated due to events that may occur as a result of, or that are associated with, the Exit.
 &nbsp;

Contracts

Management

The Lovesac Company To Exit Best Buy Shop-In-Shop Partnership, Reducing Workforce By 8% And Incurring $1.7M-$2.1M In Costs; Completion Expected By Q3 Fiscal 2026

A mix of bullish catalysts is poised to lift investor sentiment Wednesday, as President Donald Trump confirmed a China trade deal and fresh inflation data came in softer <a href="https://www.benzinga.com/markets/economic-data/25/06/45881899/inflation-resumes-climb-in-may-but-tariffs-have-yet-to-hit-consumers">than expected for May.</a>
Trump declared a sweeping new trade agreement with China via Truth Social following two days of negotiations in London, suggesting major concessions from Beijing and lighter U.S. obligations.
&#8220;Full magnets, and any necessary rare earths, will be supplied, up front, by China,&#8221; Trump said, adding that the U.S. would reciprocate by allowing Chinese students access to U.S. colleges. 
The deal, pending final approval with Chinese President Xi Jinping, includes a significant tariff shift. The U.S. will continue applying tariffs totaling 55% on selected Chinese imports, while China will impose a 10% tariff rate on U.S. goods.
<h3 class="wp-block-heading">Inflation Rises Less Than Expected In May, Easing Tariff Anxiety</h3>
U.S. consumer inflation was softer than expected in May, reinforcing expectations for Federal Reserve rate cuts later this year.
The Consumer Price Index rose 2.4% from a year earlier, undercutting the 2.5% forecasted by economists and edging slightly above April's 2.3% reading. On a monthly basis, prices climbed just 0.1%, slower than both the prior month's 0.2% and the consensus estimate.
Core CPI—which excludes food and energy—held steady at 2.8% year over year, missing the 2.9% projection. Month over month, core prices advanced only 0.1%, undershooting the expected 0.3%.
Energy prices were a major drag, falling 1% in May. Gasoline plunged 2.6%, reversing the prior month's rise. On the flip side, services like medical care and motor vehicle insurance saw upward pressure.
&#8220;With lower-than-expected numbers across the board and a trade deal with China that was agreed to in London, the narrative around tariff-induced inflation should subside,&#8221; said Chris Zaccarelli, chief investment officer for Northlight Asset Management.
<h3 class="wp-block-heading">How Close Are We to New Highs?</h3>
In premarket trading, the S&amp;P 500 index traded at 6,050, up 0.20%, while the Nasdaq 100 added 0.25% to reach 21,990.
The Dow Jones Industrial Average gained 0.1% to 42,924.
Both the S&amp;P 500 and Nasdaq 100 are now less than 2 percentage points from their all-time highs, at 1.6% and 1.1% away, respectively.
According to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a> platform, top-gainers within large-cap stocks following the release of the inflation included:
<ul class="wp-block-list">
<li>CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWE#NASDAQ">CRWE</a>) gained 3.57% to $159.70</li>
<li>NICE Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) rose 3.33% to $179.00</li>
<li>Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) added 3.14% to $76.00</li>
<li>Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) climbed 3.03% to $78.15</li>
<li>Honda Motor Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) increased 2.97% to $29.36</li>
<li>Amer Sports Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) rose 2.86% to $38.69</li>
<li>IDEXX Laboratories Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) gained 2.85% to $540.00</li>
<li>Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) advanced 2.74% to $43.40</li>
<li>Skyworks Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) jumped 2.67% to $75.98</li>
<li>Teradyne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) added 2.59% to $90.47</li>
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Wall Street Eyes Record Highs As Trump Seals China Deal, Soft Inflation Eases Tariff Jitters

During the last three months, 16 analysts shared their evaluations of Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">3</td>
<td align="right">8</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $80.38, a high estimate of $110.00, and a low estimate of $64.00. Observing a downward trend, the current average is 8.59% lower than the prior average price target of $87.93. 
<img src="https://www.benzinga.com/files/images/story/2025/1749578464_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of Best Buy Co by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Forbes</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Anthony Chukumba</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$69.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$82.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Seth Sigman</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$74.00</td>
<td>$89.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$90.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Steven Forbes</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Alicia Reese</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$70.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Zachary Fadem</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$67.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Alicia Reese</td>
<td>Wedbush</td>
<td>Announces</td>
<td>Neutral</td>
<td>$75.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Zachary Fadem</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$75.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$64.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Steven Zaccone</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$70.00</td>
<td>$93.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Best Buy Co. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Best Buy Co compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Best Buy Co's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Best Buy Co's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/BBY/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Best Buy Co analyst ratings.</a>
<h2>Discovering Best Buy Co: A Closer Look</h2>
With over $41 billion in consolidated 2024 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8% share of the North American market and around 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
<h3>Financial Milestones: Best Buy Co's Journey</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Decline in Revenue: Over the 3M period, Best Buy Co faced challenges, resulting in a decline of approximately -0.9% in revenue growth as of 30 April, 2025. This signifies a reduction in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Best Buy Co's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 2.3%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Best Buy Co's ROE stands out, surpassing industry averages. With an impressive ROE of 7.25%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Best Buy Co's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.4%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a high debt-to-equity ratio of 1.47, Best Buy Co faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Breaking Down Best Buy Co: 16 Analysts Share Their Views

Guggenheim analyst Steven Forbes reiterates Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and maintains $90 price target.

Price Target

Reiteration

Guggenheim Reiterates Buy on Best Buy Co, Maintains $90 Price Target

On Thursday, Best Buy Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) reported that first-quarter 2026 earnings&nbsp;<a href="https://www.benzinga.com/markets/equities/25/05/45592571/best-buy-q1-earnings-preview-analyst-flags-tariff-fallout-cuts-fy25-outlook-amid-profit-risk" target="_blank" rel="noreferrer noopener">fell short of expectations</a>.
The company's first-quarter sales fell around 1% (comparable sales fell 0.7%) year over year to $8.77 billion. They missed the analyst <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate of $9.22 billion.</a>
&#8220;Today we are updating our full year guidance to incorporate the impact of tariffs,&#8221; said Matt Bilunas, Best Buy CFO. The retailer now expects annual comparable sales growth to be up-or-down 1%. The adjusted operating income rate will likely be similar to last year at <a href="https://www.benzinga.com/news/earnings/25/05/45669267/best-buy-whiffs-on-sales-earnings-tariff-pressures-mount" target="_blank" rel="noreferrer noopener">approximately 4.2%</a>.
For Q2 FY26, Bilunas expects comparable sales to be slightly down to last year. He added that the company's adjusted operating income rate will be approximately 3.6.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44797563/goldman-sachs-sees-upside-in-retail-giants-dollar-tree-home-depot-best-buy-and-target-despite-tariff-margin-pressures" target="_blank" rel="noreferrer noopener">Goldman Sachs Sees Upside In Retail Giants Dollar Tree, Home Depot, Best Buy And Target</a>
Best Buy lowered its fiscal 2026 adjusted earnings from $6.20-$6.60 per share to $6.15-$6.30 per share versus consensus of $6.13 per share.
The company lowered its sales guidance from $41.4 billion to $42.2 billion to $41.1 billion to $41.9 billion. The consensus hovers around $41.44 billion. 
Guggenheim Securities writes: &#8220;We believe BBY&#8217;s 1Q 2025 operating results provide support behind our 2025 framework.&#8221; 
<ul class="wp-block-list">
<li>Analyst Steven Forbes reiterated the Buy rating and a price target of $90. Here&#8217;s what other </li>
</ul>
Wedbush on Friday lowered its price target from $75 to $70 while <a target="_blank" href="https://www.benzinga.com/quote/BBY/analyst-ratings" rel="noreferrer noopener">maintaining a Neutral rating</a>.
<ul class="wp-block-list">
<li>Analyst Matthew McCartney says the revised outlook embeds consumer behavior and remains relatively consistent through the year. Value-focused shoppers remain &#8220;willing to make big-ticket purchases if they need to or when they see compelling technology.&#8221; The firm expects a &#8220;much more compelling valuation <a href="https://www.benzinga.com/news/earnings/25/05/45669267/best-buy-whiffs-on-sales-earnings-tariff-pressures-mount">following Thursday&#8217;s sell-off</a>.&#8221; </li>
</ul>
Piper Sandler lowered its price target from $92 to $82 on Thursday, keeping an overweight rating.
<ul class="wp-block-list">
<li>Analyst Peter J. Keith writes, &#8220;To the positive, the impact from tariffs was less than expected and appears manageable &#8211; albeit with some price increases that could negatively impact consumer demand in 2H. For product innovation, while the new product pipeline has the Nintendo Switch 2 in June and discontinuing support for Windows 10 in October, the overall innovation outlook appears somewhat subdued.&#8221;</li>
</ul>
KeyBanc Capital Markets on Thursday wrote Best Buy&#8217;s Q1 results reflect continued headwinds within the consumer electronics industry. It reiterates the Sector Weight rating.
<ul class="wp-block-list">
<li>Analyst Bradley Thomas writes, &#8220;While we are encouraged with the updated guidance and management's initiatives, we believe there remains risk to comps in 2H as comparisons become more difficult and have uncertainty around demand destruction related to price increases.&#8221;</li>
</ul>
Truist Securities on Thursday reiterated Neutral rating on Best Buy, increasing the price target from $64 to $69 with a relatively balanced risk/reward.
<ul class="wp-block-list">
<li>Analyst Scot Ciccarelli writes, &#8220;Despite the benign projections on tariffs, sales momentum remains muted and we are looking at the 3rd straight yr of flattish earnings.&#8221;</li>
</ul>
Telsey Advisory on Friday wrote, &#8220;Although uncertainty remains with tariffs, given the ongoing court process governing their legality and negotiations between the US and other countries, we expect Best Buy to come out of the current environment on top within the consumer electronics space based on the company&#8217;s ability to leverage its scale and manage costs well.&#8221;
<ul class="wp-block-list">
<li>Analyst Joseph Feldman maintains an Outperform rating, with a price target of $90.</li>
</ul>
Price Action: BBY stock is up 0.36% at $66.56 at the last check on Friday.
Read Next:
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Image: Shutterstock

Analyst Color

Best Buy Falls Short As Shoppers Hold Off: Analysts Say Tariffs, Tech Slow Sales

Loop Capital analyst Anthony Chukumba maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and lowers the price target from $90 to $80.

Loop Capital Maintains Buy on Best Buy Co, Lowers Price Target to $80

Best Buy Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) posted downbeat results for the first quarter.
The company&#8217;s first-quarter sales fell around 1% (comparable sales fell 0.7%) year over year to $8.77 billion. It missed the analyst consensus estimate of $9.22 billion. Best Buy reported adjusted earnings of $1.15, missing the consensus of $1.31.
Best Buy lowered its fiscal 2026 adjusted earnings from $6.20-$6.60 per share to $6.15-$6.30 per share versus consensus of $6.13 per share. The company lowered its sales guidance from $41.4 billion to $42.2 billion to $41.1 billion to $41.9 billion. The consensus hovers around $41.44 billion.
Best Buy shares fell 0.5% to trade at $65.98 on Friday.
These analysts made changes to their price targets on Best Buy following earnings announcement.
<ul class="wp-block-list">
<li>Wells Fargo analyst Zachary Fadem maintained Best Buy with an Equal-Weight rating and lowered the price target from $75 to $67.</li>
<li>Wedbush analyst Alicia Reese maintained the stock with a Neutral and lowered the price target from $75 to $70.</li>
<li>UBS analyst Michael Lasser maintained Best Buy with a Buy and lowered the price target from $95 to $90.</li>
<li>Barclays analyst Seth Sigman maintained the stock with an Equal-Weight rating and lowered the price target from $89 to $74.</li>
<li>Piper Sandler analyst Peter Keith maintained Best Buy with an Overweight rating and lowered the price target from $92 to $82.</li>
<li>Truist Securities analyst Scot Ciccarelli maintained the stock with a Hold and raised the price target from $64 to $69.</li>
</ul>
Considering buying BBY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/BBY/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="584" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-1024x584.png" alt="" class="wp-image-933521" style="width:630px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-1024x584.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417-768x438.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30124655/image-417.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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These Analysts Revise Their Forecasts On Best Buy After Q1 Results

Truist Securities analyst Scot Ciccarelli maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Hold and raises the price target from $64 to $69.

Truist Securities Maintains Hold on Best Buy Co, Raises Price Target to $69

Piper Sandler analyst Peter Keith maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Overweight and lowers the price target from $92 to $82.

Piper Sandler Maintains Overweight on Best Buy Co, Lowers Price Target to $82

Barclays analyst Seth Sigman maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Equal-Weight and lowers the price target from $89 to $74.

Barclays Maintains Equal-Weight on Best Buy Co, Lowers Price Target to $74

UBS analyst Michael Lasser maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Buy and lowers the price target from $95 to $90.

UBS Maintains Buy on Best Buy Co, Lowers Price Target to $90

Wedbush analyst Alicia Reese maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Neutral and lowers the price target from $75 to $70.

Wedbush Maintains Neutral on Best Buy Co, Lowers Price Target to $70

Wells Fargo analyst Zachary Fadem maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Equal-Weight and lowers the price target from $75 to $67.

Wells Fargo Maintains Equal-Weight on Best Buy Co, Lowers Price Target to $67

Telsey Advisory Group analyst Joseph Feldman maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Outperform and maintains $90 price target.

Telsey Advisory Group Maintains Outperform on Best Buy Co, Maintains $90 Price Target

U.S. stock futures were flat on Friday after ending higher on Thursday. Futures of major benchmark indices fell in premarket.
A federal appeals court on Thursday <a href="https://www.benzinga.com/news/legal/25/05/45683326/trump-tariffs-temporarily-preserved-as-appeals-court-pauses-lower-ruling">temporarily reinstated most of the tariffs</a> imposed by President Donald Trump. 
This decision by the U.S. Court of Appeals for the Federal Circuit pauses a lower court&#8217;s ruling that had invalidated a significant portion of these tariffs.
The stay will remain in effect, allowing the Trump administration to pursue its appeal of the trade court&#8217;s decision.
Meanwhile, the 10-year Treasury bond yielded 4.42% and the two-year bond was at 3.94%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 97.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.04%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.10%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.09%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.33%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were below the flatline in premarket on Friday. The SPY was down 0.088% at $589.53, while the QQQ declined 0.046% to $519.69, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Across the S&amp;P 500, most sectors closed positively, with utilities, real estate, and health care stocks recording the most significant gains on Thursday. Conversely, communication services stocks went against the broader market trend, ending the session lower.
Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) better-than-expected earnings pushed the technology stocks higher. Meanwhile, Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) shares fell around 7% after the electronics retailer posted downbeat first-quarter results.
Similarly, Caleres Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>), a footwear company, saw its shares dip 18% after reporting first-quarter financial results that missed adjusted EPS and sales estimates, leading the company to suspend its guidance.
On the economic front, U.S. initial jobless claims rose by 14,000 to 240,000 in the week ending May 24th, exceeding market estimates of 230,000.
Despite this, the U.S. economy showed a slight improvement in its first-quarter contraction, shrinking at an annualized rate of 0.2% compared to the initial estimate of a 0.3% decline.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.39%</td>
<td>19,175.87</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.40%</td>
<td>5,912.17</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.28%</td>
<td>42,215.73</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.34%</td>
<td>2,074.78</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
According to Adam Turnquist, the chief technical strategist for LPL Financial, &#8220;the added wrinkle&#8221; to trade policy introduces more uncertainty about where the effective U.S. tariff rate will ultimately land and likely &#8220;delays the timeline for clarity.&#8221;
However, he added that &#8220;the market hates uncertainty,&#8221; and cited that the trade uncertainty index peaked as the market bottomed last month. &#8220;Importantly, high levels of trade policy uncertainty tend to correlate with high implied volatility, suggesting investors should expect a bumpier path for stocks until there is more clarity on trade,&#8221; he said.
Turnquist believes that &#8220;Higher trade policy uncertainty also tends to coincide with increased implied volatility, so investors should expect elevated turbulence until there is greater clarity on trade.&#8221;
According to Ed Yardeni, the U.S. operates as a federal republic, distinct from a pure democracy where majority rule is absolute. Yardeni explains that the nation&#8217;s constitutional framework, largely conceived by lawyerly Founding Fathers, was deliberately crafted with checks and balances.
This system aims to prevent the concentration of political power and to safeguard the rights of minority parties from potential &#8220;abuses by the majority as well as by those in power.&#8221; He highlights that the design of the three branches of government inherently serves to &#8220;frustrate the ambitions of the powerful on a regular basis.&#8221;
Thus, according to him, a &#8220;gridlock&#8221; situation with Trump&#8217;s tariffs will likely be good for the markets.
&#8220;In other words, gridlock is a feature, rather than a bug, of the American constitutional system. Gridlock has generally been viewed as bullish by stock and bond investors. The companies they invest in tend to do best when the government is the least meddlesome in their businesses,&#8221; he said.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Friday:
<ul class="wp-block-list">
<li>April&#8217;s headline and core PCE, personal income, and consumer spending will be out by 8:30 a.m. ET.</li>
<li>April&#8217;s advanced U.S. trade balance in goods, advanced retail inventories, and advanced wholesale inventories data will be announced by 8:30 a.m. ET, as well.</li>
<li>May&#8217;s Chicago Business Barometer (PMI) will be released at 9:45 a.m., final consumer sentiment data for May will be out by 10:00 a.m., and San Francisco Fed President Mary Daly will speak at 4:45 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Shoe Carnival Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) jumped 3.04% in premarket on Friday as analysts expect it to report quarterly earnings of 30 cents per share on revenue of $281.93 million, before the opening bell.</li>
<li>Canopy Growth Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) was 2.34% higher ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of 20 cents per share on revenue of $71.83 million.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) advanced 1.65% after it reported $12.1 billion in AI server orders in the first quarter of the fiscal year 2026, surpassing the entirety of shipments for all of fiscal year 2025, and pushing its backlog to a record $14.4 billion.</li>
<li>Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) slipped 0.37% despite beating its revenue and EPS estimates as the company's leaders spoke on an earnings call about the challenges and higher tariffs have meant for its business.</li>
<li>American Eagle Outfitters Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) dropped 7.16% after posting a wider-than-expected loss for the first quarter. It provided second-quarter guidance projecting $40 to $45 million in operating income, with comparable sales expected to decline 3%.</li>
<li>Gap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) plunged 14.49% after it reaffirmed its fiscal 2025 revenue guidance of $15.25 billion to $15.4 billion, but cautioned that if current tariff rates remain, they could result in a gross estimated incremental cost of approximately $250 million to $300 million.</li>
<li>UP Fintech Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) jumped 6.17% after its earnings crushed estimates as the net income soared 146% in the first quarter.</li>
<li>GATX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATX#NYSE">GATX</a>) rose 0.70% as it formed a joint venture with Brookfield Infrastructure to acquire Wells Fargo &amp; Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) rail operating lease portfolio, composed of approximately 105,000 railcars.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFAI#NASDAQ">FFAI</a>) gained 1.61% after announcing a binding deposit agreement for 600 FX Super One MPVs with New PBB Auto.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.77% to hover around $61.37 per barrel.
Gold Spot US Dollar fell 0.59% to hover around $3,298.18 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.30% at the 99.5760 level.
Asian markets closed lower on Friday except Australia's ASX 200 index. South Korea's Kospi, China&#8217;s CSI 300, India's S&amp;P BSE Sensex, Japan's Nikkei 225, and Hong Kong's Hang Seng indices declined. European markets were higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/05/45683632/stock-market-is-pricing-a-never-before-seen-divergence-as-equities-and-bonds-run-it-hot-amid-gloomy">Stock Market Is Pricing A Never-Before-Seen &#8216;Divergence&#8217; As Equities And Bonds &#8216;Run It Hot&#8217; Amid Gloomy Outlook By Bottom-Up Analysts</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Futures

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

GATX

TIGR

US Stocks Likely To Open Lower As Appeals Court Temporarily Reinstates Tariffs: 'The Market Hate Uncertainty,' Says Expert

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the S&amp;P 500 recording gains during the session driven by better-than-expected earnings from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
A federal court has invalidated global tariffs enacted by President Donald Trump under the International Emergency Economic Powers Act, a move that could reshape future U.S. trade policy.
Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) shares fell around 7% on Thursday after the company posted downbeat results for the first quarter. Shares of Caleres Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) dipped 18% after the company reported first-quarter financial results and missed its adjusted EPS and sales estimates. Additionally, the company announced it will suspend its guidance.
On the economic data front, U.S. initial jobless claims rose by 14,000 from the previous week to 240,000 in the week ending May 24th, compared to market estimates of 230,000. The U.S. economy shrank at an annualized rate of 0.2% in the first quarter, compared to the initial estimate of a 0.3% decline.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, real estate and health care stocks recording the biggest gains on Thursday. However, communication services stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 117 points to 42,215.73 on Thursday. The S&amp;P 500 rose 0.40% to 5,912.17, while the Nasdaq Composite gained 0.39% to 19,175.87 during Thursday's session.
Investors are awaiting earnings results from Shoe Carnival Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) and Canopy Growth Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 64.1, the index remained in the &#8220;Greed&#8221; zone on Wednesday, versus a prior reading of 63.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45667868/top-2-materials-stocks-that-are-ticking-portfolio-bombs">Top 2 Materials Stocks That Are Ticking Portfolio Bombs</a> </li>
</ul>
Photo courtesy: Shutterstock

S&P 500 Settles Higher Amid Gains In Nvidia Shares: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

Wall Street hovered slightly higher by midday Thursday, giving up a chunk of strong overnight gains in futures markets that were triggered by a federal court ruling suspending a large portion <a href="https://www.benzinga.com/government/regulations/25/05/45672421/tariffs-blocked-by-court-but-goldman-sachs-says-trump-could-reimpose-them-within-days">of President Donald Trump&#8217;s tariffs.</a>
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) led the market after reporting a better-than-feared quarter. The artificial intelligence leader showed resilience in the face of export restrictions. Shares rose 4.3%, ranking as the second-best performer on the S&amp;P 500 and climbing to their highest level in more than three months.
By midday: 
<ul class="wp-block-list">
<li>The S&amp;P 500 was up 0.3% at 5,900.</li>
<li>The Nasdaq 100 gained 0.5%.</li>
<li>The Dow Jones Industrial Average traded flat.</li>
</ul>
<h3 class="wp-block-heading">Fresh Economic Data Adds To Mixed Tone</h3>
First-quarter U.S. gross domestic product shrank 0.2%, slightly improving from the initial 0.3% estimate. Still, it marked a sharp slowdown compared to the 2.4% growth in the last quarter of 2024, reflecting slower consumer spending and higher imports ahead of the tariffs impact.
More concerning was the labor market. Initial jobless claims for the week ending May 24 jumped to 240,000, exceeding expectations and reaching their highest level in nearly four months. Continuing claims also rose to levels last seen in November 2021, indicating potential softening in employment trends.
The U.S. dollar pulled back, nearly wiping out gains from the prior two sessions as traders reassessed the outlook for interest rates. Meanwhile, Treasury yields dropped, with the 30-year note falling to 4.92% and the 10-year yield easing to 4.42%.
Federal Reserve Chair Jerome Powell met with Trump at the White House, the Fed confirmed.
The meeting focused on recent economic developments, including inflation, employment and growth. Powell reiterated that the Fed&#8217;s policy path would remain dependent on incoming data but refrained from commenting on future rate decisions.
Gold climbed 1.1% to $3,320 per ounce, buoyed by lower yields and dollar weakness. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell below $107,000, giving up recent gains as risk appetite moderated in crypto markets.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %Chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,414.87</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,906.48</td>
<td>0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,069.76</td>
<td>0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,091.08</td>
<td>0.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:55 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.3% up to $589.37.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased 0.1% to $420.98.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.4% to $520.87.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) flattened at $205.62.</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 0.4%; the&nbsp;Communication Services&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 1.1%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul class="wp-block-list">
<li>Shares of E.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) surged 26% Thursday afternoon, following the company&#8217;s announcement of its acquisition of lifestyle cosmetics brand Rhode.</li>
<li>Sentinel One Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) tumbled 11% after BofA Securities downgraded&nbsp;the stock from &#8216;Buy&#8217; to &#8216;Neutral&#8217; citing &#8220;weak trends and lackluster guidance&#8221; while lowering its price target from $24 to $21. </li>
</ul>
Stocks reacting to earnings included: 
<ul class="wp-block-list">
<li>Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) down 5.42%</li>
<li>Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) up 0.20%</li>
<li>Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) up 18.45%</li>
<li>Agilent Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>) up 3.17%</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) down 8.23%</li>
<li>Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) down 0.35%</li>
<li>Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) down 3.22%</li>
<li>Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) down 7.90%</li>
<li>Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) up 5.65%</li>
<li>Hamilton Lane Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLNE#NASDAQ">HLNE</a>) down 11.21%</li>
<li>Roivant Sciences Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIV#NASDAQ">ROIV</a>) up 5.50%</li>
<li>Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) down 6.24%</li>
<li>Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) up 0.10%</li>
</ul>
Now Read:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45675006/nvidia-stock-has-significant-upside-as-ai-godfather-jensen-huang-delivers-another-robust-quarter">Nvidia Stock Has &#8216;Significant Upside&#8217; As AI &#8216;Godfather&#8217; Jensen Huang Delivers Another &#8216;Robust Quarter&#8217; </a></li>
</ul>
Image: Shutterstock

Government

Regulations

Bonds

Treasuries

Federal Reserve

$BTC

BBWI

SPDR Dow Jones Industrial Average ETF Trust

HLNE

NDSN

ROIV

SNPS

VEEV

Select Sector SPDR-Consumer Discretionary

Stocks Edge Higher After Court Stifles Trump Tariffs, Nvidia Rallies To 3-Month Highs, Bitcoin Dips Below $107K: What's Driving Markets Thursday?

Press Releases

Best Buy Canada's Teen Tech for Tomorrow program awards more than $110,000 to secondary schools and robotics teams across Canada

Best Buy Reports Fourth Quarter Results

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE + TARGET & BEST BUY HIGHLIGHT RETAIL EARNINGS

Best Buy Announces Regular Quarterly Cash Dividend

Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace

Best Buy Canada announces Mat Povse as new president

Segway Partners With Best Buy Canada for Exclusive F3 Pro Launch

UGREEN Partners with Best Buy, Significantly Expanding Retail Presence Across the United States

Best Buy Reports First Quarter Results

Smart Share Global Limited - American Depositary Shares

Smart Share Global

GameStop

Newegg Commerce

ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares)

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