Best Buy beat? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

Best Buy is an American multinational consumer electronics retailer with its HQ in California. Best Buy sells a variety of different electronic goods from phones to video games, computers, and a variety of appliances.

However, with some early signs that US consumer confidence is failing will this impact Best Buy’s earnings report due out before the opening on Thursday this week? Seasonally, Best Buy has a pretty strong period ahead of it with 72% of winning trades from March 1 to April 27 over the last 25 years. However, will these seasonals play out again this year?

Major trade risks: The biggest risk here is if Best Buy’s earnings show a significant slowdown in consumer activity.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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