Best Buy stock hit an all-time high — here's why it could go higher

8:29 AM ET Wed, 27 Nov 2019

Ahead of Black Friday, Best Buy beat the street with its quarterly earnings. With these strong numbers, the retailer raised its fiscal 2020 earnings forecast. Shares of the stock surged by double digits and hit an all-time high. If history is any indication, the retail stock has room to run.