Bullish Case: Product expansions and robust sales of electronics, home appliances, and seasonal items may push BBY's growth.


Bearish Case: Possible supply issues and increased competition could weigh on profits, alongside a volatile retail environment.


Potential Outcomes: 50% chance ongoing product demand drives gains; 25% chance competitive pressures reduce margins; 15% chance supply chain issues arise; 10% chance unforeseen events impact the market.


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February 06, 2024


Best Buy Forecast

[BBY]  Best Buy
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



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BBY Balanced News:
















Correlated Stock Forecasts

Assets that tend to move strongly with BBY



TKR Forecast + Options Trading Strategies   [TKR]  Timken (0.87)


AAL Forecast + Options Trading Strategies   [AAL]  American Airlines (0.87)


CC Forecast + Options Trading Strategies   [CC]  Chemours (0.86)


TNA Forecast + Options Trading Strategies   [TNA]  Direxion Daily Small Cap Bull 3X Shares (0.84)


HIW Forecast + Options Trading Strategies   [HIW]  Highwoods Properties (0.84)



Uncorrelated Stock Forecasts

Assets with little price relationship to BBY



TECL Forecast + Options Trading Strategies   [TECL]  Direxion Daily Technology Bull 3X Shares (0.0)


URBN Forecast + Options Trading Strategies   [URBN]  Urban Outfitters (-0.0)


GNW Forecast + Options Trading Strategies   [GNW]  Genworth Financial (-0.0)


JDST Forecast + Options Trading Strategies   [JDST]  Direxion Daily Junior Gold Miners Index Be (-0.0)


APA Forecast + Options Trading Strategies   [APA]  Apache (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BBY



DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.56)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.56)


VERX Forecast + Options Trading Strategies   [VERX]  Vertex (-0.57)


TWM Forecast + Options Trading Strategies   [TWM]  ProShares UltraShort Russell2000 (-0.59)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.61)


BBY News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent BBY News






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