U.S. stocks came off recent highs to trade lower on Tuesday, as investors weighed international headlines and auto sales that missed expectations.» Read More
*Best Buy climbs after results. *Citigroup to sell OneMain Financial to Springleaf Holdings. It's predicated on the fact that when you get up around new highs market participants tend to get a little vertigo, "said Art Hogan, chief market strategist at Wunderlich Securities in New York.
March 3- Best Buy Co Inc, the largest U.S. consumer electronics chain, on Tuesday reported higher-than-expected quarterly earnings on a strong holiday season and said it would buy back stock for the first time since 2012.. Chief Executive Officer Hubert Joly said on a conference call that Best Buy planned this year to start a cost-cutting effort to save $400...
NEW YORK— U.S. stocks are opening slightly lower, pulling the Nasdaq composite back below 5,000 points. The Dow Jones industrial average fell 41 points, or 0.2 percent, to 18,248 as of 9:35 a.m. Eastern time. Best Buy gained 1 percent after the electronics retailer said it would raise its dividend 21 percent and give shareholders an additional one-time payment.
*Best Buy climbs in premarket after results. *Citigroup to sell OneMain Financial to Springleaf Holdings. "The market is naturally settling in, taking a breather until the scales tip either way to commence the next move to continued to new heights or a consolidated pullback," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.
U.S. stock index futures fell on Tuesday, ahead of auto sales and amid earnings from big-name retailers like Best Buy and Dick's Sporting Goods.
Best Buy Co. raised its quarterly dividend 21 percent and plans to give shareholders an additional one-time payment after the nation's largest electronics chain reported a better-than-expected fourth-quarter profit. Best Buy will pay the special cash dividend and the increased regular quarterly payout on April 14 to shareholders of record at the close...
Some of the names on the move ahead of the open.
*Best Buy climbs in premarket after results. *Citigroup to sell OneMain Financial to Springleaf Holdings. *Electronics retailer Best Buy climbed 4.8 percent to $40.50 in premarket trade after it reported quarterly results, announced a special dividend and the resumption of its share repurchase plan.
March 3- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported a better-than-expected quarterly profit, helped by improved sales of higher-margin products such as large-screen TVs and mobile phones during the holiday shopping season. The company's shares rose 4.6 percent at $40.40 in premarket trading, after Best Buy said it would buy back $1...
RICHFIELD, Minn.— Best Buy Co. on Tuesday reported fiscal fourth-quarter earnings of $519 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share. Best Buy shares have fallen roughly 1 percent since the beginning of the year, while the Standard& Poor's 500 index has increased almost 3 percent.
March 3- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported a 2 percent rise in quarterly same-store sales, helped by higher sales of large-screen televisions and mobile phones in the holiday shopping season. Net income attributable to Best Buy shareholders jumped to $519 million, or $1.46 per share, in the fourth quarter ended Jan. 31, from $293...
U.S. stock index futures fell on Tuesday, ahead of earnings from big-name retailers like Best Buy and Dick's Sporting Goods.
Its stock dropped 42 cents, or 2.5 percent, to $16.14. General Motors and Chrysler reported gains, but they were smaller than expected. SPRINGLEAF LEAPS: Personal finance company Springleaf Holdings rose $10.64, or 28 percent, to $48.68 after it said it would buy Citigroup's OneMain Financial for $4.25 billion.
Autozone Inc. rose $6.85 or 1.1 percent, to $649.53. Bed Bath& Beyond Inc. rose $1.01 or 1.4 percent, to $75.67. Best Buy rose$. 53 or 1.4 percent, to $38.63.
Stocks could stay on cruise control, with auto sales as a potential catalyst, as traders watch for another new high in the Nasdaq.
Autozone Inc. fell$. 68 or. 1 percent, to $642.00. Bed Bath& Beyond Inc. rose$. 61 or. 8 percent, to $75.27. Best Buy rose$. 24 or. 6 percent, to $38.34.
Autozone Inc. rose$. 36 or. 1 percent, to $643.04. Bed Bath& Beyond Inc. rose$. 66 or. 9 percent, to $75.32. Best Buy rose$. 57 or 1.5 percent, to $38.67.
Jim Cramer was happy to take a breather on Friday, as he thinks this will create plenty of excitement next week.
Autozone Inc. fell $2.29 or. 4 percent, to $642.68. Bed Bath& Beyond Inc. rose$. 91 or 1.2 percent, to $74.66. Best Buy rose$. 55 or 1.5 percent, to $38.10.
Major retailers are going through big changes amid online sales growth.