2. As of noon trading, Best Buy ( BBY) is down $0.44 (-1.8%) to $23.69 on light volume Thus far, 2.5 million shares of Best Buy exchanged hands as compared to its average daily volume of 12.2 million shares. The stock has ranged in price between $23.53-$24.38 after having opened the day at $24.15 as compared to the previous trading day's close of $24.13. Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. Best Buy has a market cap of $8.0 billion and is part of the retail industry. The company has a P/E ratio of 8.5, below the S&P 500 P/E ratio of 17.7. Shares are up 103.6% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Best Buy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. Get the full Best Buy Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
Finance companies with investment businesses like Goldman Sachs generally benefited from second-quarter rallies in deal-making and initial public offerings during the second quarter. Plus, what Cramer thinks.