BBY Stock Recent News

Best Buy is rolling out an artificial intelligence (AI)-powered delivery tracking system that promises minute-by-minute updates. The company aims to satisfy customers who are increasingly frustrated with vague delivery windows and limited order visibility.

Broker Panmure Liberum has upgraded its target price on Balfour Beatty plc (LSE:BBY) following the construction service company's latest interim results. Analysts highlighted that Balfour's 40% increase in ‘awarded but not contracted' deals, referring to projects that it has been selected or approved to undertake but has not yet formally signed a contract for, “points to exciting growth”.

An unparalleled increase in consumer outlays bolstered retail sales in July. This calls for investing in stocks such as Best Buy (BBY), Brinker International (EAT) and Cars.com (CARS).

Retail sales in the United States inched up 1% sequentially in July 2024.

Balfour Beatty plc (LSE:BBY)'s share price is looking “unusually cheap” at a 9.9 times forward price-to-earnings ratio, Panmure Liberum analysts said following the FTSE 250-listed infrastructure group's interim results. Presumably, Panmure sees even more value in the stock given its 2.5% dip after Balfour delivered mixed messages in its financial reports.

Balfour Beatty plc (LSE:BBY) has hiked its interim dividend after revenue and profit ticked up over the first half of the year. A 3.8p dividend per share will be paid out for the half year, Balfour said in results on Wednesday, up 9% on a year earlier.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Best Buy (BBY) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Best Buy (BBY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

It is 100% certain that the Federal Reserve will reduce interest rates at its next meeting in September. Lowering borrowing costs has many investors wondering how interest rate cut stocks could perform.

Best Buy on Tuesday rolled out its strategy to get back to sales growth, including through dedicating staff to key parts of its stores, creating more videos to pique customers' curiosity and debuting a new marketing campaign. The consumer electronics retailer is trying to cash in on a much-awaited replacement cycle of pandemic-era purchases and a fresh wave of innovation.