Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, vacuums, and personal care; entertainment products consisting of drones, peripherals, movies, and toys, as well as hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides delivery, installation, memberships, repair, set-up, technical support, health-related, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, Buy Mobile, CST, Current Health, Geek Squad, Lively, Magnolia, Pacific Kitchen, Home, TechLiquidators, and Yardbird brands, as well as domain names comprising bestbuy.com, currenthealth.com, lively.com, techliquidators.com, yardbird.com, and bestbuy.ca. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.

Best Buy Co., Inc.

Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of Best Buy Inc (Symbol: BBY) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.8), with the stock changing hands as low as $75.54 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per share. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over all those years. But now consider that you collected a whopping $25.98 per share in dividends over the same period, for a positive total return of 23.36%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.6%; so by comparison collecting a yield above 5% would appear considerably attractive if that yield is sustainable. Best Buy Inc (Symbol: BBY) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Best Buy Inc, looking at the history chart for BBY below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 5% annual yield.
BBY has been growing its dividend for more than 20 years consecutively. For more dividend growth stocks view our Dividend Aristocrats List on Dividend Channel.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

BBY Dividend Yield Pushes Past 5%

Uber Technologies UBER inked a deal with retailer Best Buy BBY for on-demand delivery. The deal brings consumer electronics from more than 800 stores to the Uber Eats platform. Uber Eats is the online food ordering and delivery platform of Uber.
Following the tie-up, which took effect on Sept. 2, Best Buy customers throughout the United States are eligible to order a wide range of electronics, appliances and tech essentials on Uber Eats for delivery to their doorsteps.
The partnership allows Uber Eats and Best Buy to make the latest technology more accessible than ever, thereby reflecting the deal’s customer-friendly nature. To celebrate the launch, Uber Eats is offering $20 off Best Buy orders of at least $60. The promotion will run through Sept. 29, 2025. Uber One members get free delivery on eligible orders and other benefits.
The association with Best Buy to facilitate electronics delivery strengthens Uber’s delivery segment and is aimed at diversifying its delivery ecosystem. Even after economies reopened, the habit of placing orders online stayed among people. Encouraged by the performance of the segment during the pandemic, Uber is making constant efforts to expand its delivery operations.
The deal with Best Buy came shortly after Uber’s agreement with discount retailers Dollar General DG and Dollar Tree DLTR. The tie-up with Dollar General, which took effect on Aug. 8, ensured that its more than 14,000 locations arrived on the Uber Eats platform. Following the association, customers are using the Uber Eats app to order food, beverages and other essentials.
The deal with Dollar Tree, inked late last month, has enhanced UBER’s retail delivery capabilities by adding nearly 9,000 stores to the Uber Eats platform. The partnership with Dollar Tree ensures that customers across states can now easily access affordable items of everyday use, ranging from party supplies to cosmetics and home essentials for on-demand delivery.
UBER’s Share Price Performance, Valuation and Estimates
Shares of UBER have gained in double digits so far this year despite the tariff-related uncertainty. Courtesy of the upbeat performance, UBER’s shares have handily outperformed the Zacks Internet-Services industry on a year-to-date basis.
YTD Price Comparison
Image Source: Zacks Investment Research
From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 3.41X. UBER is inexpensive compared with its industry.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for full-year 2025 and 2026 has remained stable over the past seven days.
Image Source: Zacks Investment Research
UBER's Zacks Rank
UBER currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Uber Inks Customer-Friendly Deal With Best Buy: Sign of More Growth?

Best Buy Inc (Symbol: BBY) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 5.1% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, Best Buy Inc is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.73% of the SPDR S&P Dividend ETF (SDY), which holds $150,984,340 worth of BBY shares.
Best Buy Inc (Symbol: BBY) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by Best Buy Inc is $3.8/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/18/2025. Below is a long-term dividend history chart for BBY, which the report stressed as being of key importance.
BBY operates in the Electronics Stores sector, among companies like Vertiv Holdings Co (VRT), and Upbound Group Inc (UPBD).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Best Buy a Top Ranked SAFE Dividend Stock With 5.1% Yield (BBY)

The following are the top rated Consumer Discretionary stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
CROCS INC (CROX) is a mid-cap growth stock in the Footwear industry. The rating according to our strategy based on Joel Greenblatt is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Crocs, Inc. is engaged in the design, development, worldwide marketing, distribution, and sale of casual lifestyle footwear and accessories for all. The Company's brands include Crocs and HEYDUDE. The Crocs Brand's collection contains Croslite material, a proprietary, molded footwear technology. It also uses Croslite material formulations in connection with material technologies used in its visible comfort collections, such as its LiteRide and Free Feel Technology products. The HEYDUDE Brand offers shoes with an iconic and versatile loafer silhouette with many wearing occasions that focus on casualization, comfort-led functionality and personalization. It sells its products in more than 80 countries, through wholesale and direct-to-consumer channels. Its wholesale channel includes domestic and international multi-brand retailers, e-tailers and others. Its direct-to-consumer channel includes Company-operated retail stores, Company-operated e-commerce sites and third-party marketplaces.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of CROCS INC
BATH & BODY WORKS INC (BBWI) is a mid-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Joel Greenblatt is 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Bath & Body Works, Inc. is a global omnichannel retailer focused on personal care and home fragrance. The Company offers a range of fragrances for the body and home, including selling collections for 3-wick candles, home fragrance diffusers, fine fragrance mists, liquid hand soaps, body lotions and body creams. It delivers customers their fragrances in multiple forms and categories. The Company sells merchandise through its retail stores in the United States and Canada, and through its Websites and other channels, under the Bath & Body Works, White Barn and other brand names. The Companys international business is conducted through franchise, license and wholesale partners. It provides in-store experiences at more than 1,890 Company-operated Bath & Body Works locations in the United States and Canada, more than 525 international franchised locations and an online storefront at bathandbodyworks.com. Additionally, it offers a buy online pick-up in-store (BOPIS) option.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of BATH & BODY WORKS INC
ABERCROMBIE & FITCH CO (ANF) is a mid-cap value stock in the Retail (Apparel) industry. The rating according to our strategy based on Joel Greenblatt is 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Abercrombie & Fitch Co. is a global, digitally led omnichannel specialty retailer of apparel and accessories. The Company offers an assortment of apparel, personal care products and accessories for men, women and kids, which are sold primarily through its Company-owned stores and digital channels, as well as through various third-party arrangements. The Companys brands include Abercrombie brands, which includes Abercrombie & Fitch, abercrombie kids, and Your Personal Best (YPB), and Hollister brands, which include Hollister and Gilly Hicks. Its geographic segments include the Americas, EMEA, and APAC. The Company also offers its loyalty programs, which include Abercrombies myAbercrombie and Hollisters Hollister House Rewards. The Company operates approximately 790 stores under these brands across North America, Europe, Asia and the Middle East, as well as the e-commerce sites abercrombie.com, abercrombiekids.com, and hollisterco.com.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ABERCROMBIE & FITCH CO
BEST BUY CO INC (BBY) is a large-cap growth stock in the Retail (Specialty) industry. The rating according to our strategy based on Joel Greenblatt is 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Best Buy Co., Inc. is engaged in personalizing and humanizing technology solutions. The Company has two segments: Domestic and International. The Domestic segment comprises its operations in all states, districts and territories of the United States and its Best Buy Health business and includes the brand names Best Buy, Best Buy Ads, Best Buy Business, Best Buy Essentials, Best Buy Health, Geek Squad, Imagine That, Insignia, Lively, My Best Buy, My Best Buy Memberships, Pacific Kitchen and Home, TechLiquidators and Yardbird; and the domain names bestbuy.com, lively.com, techliquidators.com and yardbird.com. The International segment comprises all its operations in Canada under the brand names Best Buy, Best Buy Express, Best Buy Mobile, Geek Squad and TechLiquidators and the domain names bestbuy.ca and techliquidators.ca. The Companys product categories include computing and mobile phones, consumer electronics, appliances, entertainment, services and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of BEST BUY CO INC
PDD HOLDINGS INC - ADR (PDD) is a large-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Joel Greenblatt is 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: PDD Holdings Inc. is a multinational commerce company that owns and operates a portfolio of businesses. The Company is focused on bringing businesses and people into the digital economy, which benefits local communities and small businesses from improved productivity and new opportunities. The Company has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses. Its Pinduoduo platform provides buyers with a comprehensive selection of value-for-money merchandise and fun and interactive shopping experiences. The Temu, a global e-commerce platform which brings together buyers, merchants, manufacturers, and brands from around the world, offers a selection of merchandise in product categories such as apparel, electronic appliances, household goods, sports and fitness, tools and home improvement, and pet supplies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of PDD HOLDINGS INC - ADR
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea's Top Consumer Discretionary Stocks Based On Joel Greenblatt - 9/2/2025

TJX Companies’ TJX international business remains a key growth driver, underscoring the strength of its off-price retail model beyond the United States. In the second quarter of fiscal 2026, TJX International delivered a 5% year-over-year increase in comparable store sales, fueled by solid results in Europe and exceptional performance in Australia. Profitability also advanced, with TJX International segment profit margin on a constant currency basis rising to 5.2%, up 80 basis points from the prior year.
Management emphasized that TJX’s decades of experience abroad and leadership position in Europe and Australia make it a trusted value destination for shoppers. Customer transactions rose across all divisions, signaling that the company’s value proposition continues to resonate strongly with consumers globally.
Looking ahead, TJX sees significant opportunities to expand its international footprint. The company has identified the potential to open more than 1,800 additional stores across its existing markets, including Spain. These openings are expected to provide meaningful contributions to future sales and earnings growth.
Beyond Europe and Australia, TJX is pursuing new opportunities through its joint venture in Mexico and investment in the Middle East. Both initiatives are designed to introduce the company’s off-price concept to untapped regions, while diversifying its growth beyond core markets.
Supporting this expansion is TJX’s powerful global sourcing network, which includes over 21,000 vendors across more than 100 countries. This scale enables the company to consistently deliver fresh, branded assortments in its international stores, reinforcing traffic and positioning the segment for sustained success.
WMT & BBY Build Global Momentum as TJX Strengthens Abroad
Walmart Inc. WMT grew international sales in second-quarter fiscal 2026 by 10.5% year over year in constant currency. Growth was led by China, Walmex and Flipkart. E-commerce penetration in international markets reached nearly 27% of segment sales. International advertising expanded 15%, driven by Flipkart, demonstrating Walmart’s strength in scaling technology, digital ecosystems and global operations.
Best Buy Co., Inc. BBY reported $740 million in international sales in the second quarter of fiscal 2026, an increase of 11.3% year over year, driven by comparable sales growth of 7.6% and the expansion of Best Buy Express locations in Canada. However, Best Buy’s international gross margin decreased 210 basis points to 21.8%, primarily due to lower product margin rates, which were also largely driven by a higher mix of lower-margin product categories.
TJX Companies’ Price Performance, Valuation & Estimates
TJX stock has risen 6.6% over the past three months against the industry’s decline of 4.4%.
Image Source: Zacks Investment Research
TJX Companies’ forward 12-month price-to-earnings ratio of 28.29X reflects a lower valuation compared with the industry’s average of 31.72X. It carries a Value Score of B.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for TJX’s fiscal 2026 and 2027 earnings implies year-over-year growth of 7% and 10.3%, respectively. Earnings estimates for fiscal 2026 and 2027 have been upbound 8 cents and 10 cents, respectively, in the past 30 days.
Image Source: Zacks Investment Research
TJX Companies currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
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Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Can TJX International Momentum Drive the Next Phase of Growth?

(RTTNews) - Uber Technologies, Inc. (UBER) on Tuesday announced a new partnership with Best Buy Co. Inc. (BBY) that will bring consumer electronic products from over 800 stores to the Uber Eats platform.
Effective from September 2, Best Buy customers can order a range of electronics, appliances, and tech essentials on Uber Eats for delivery right to their doorsteps.
From headphones and chargers to laptops, gaming gear, and small appliances, Best Buy customers will receive on-demand delivery or scheduled drop-offs, all within the Uber Eats app.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Uber Joins Hands With Best Buy To Deliver Electronic Products

Target Corporation TGT delivered renewed strength in its digital channel during the second quarter of fiscal 2025, with comparable digital sales rising 4.3% year over year. The gains were led by more than 25% growth in same-day delivery powered by Target Circle 360, underscoring the continued importance of convenience services.
At the core of this performance is the company’s “stores-as-hubs” model, which fulfills the vast majority of online orders through its nationwide store base. This capital-light approach allows Target to lower costs, speed up delivery and operate a digital business that now exceeds $20 billion in annual sales.
Beyond transactions, Target is growing higher-margin digital streams. Roundel, Target Plus and membership all delivered double-digit growth in the quarter, highlighting how digital is evolving into a contributor to both revenues and profitability.
Technology investments are reinforcing this progress. Target rolled out more than 10,000 AI licenses in the second quarter to improve forecasting, automate manual work and strengthen replenishment. These tools helped deliver the best on-shelf availability in years and supported more reliable digital fulfillment. In addition, the company is piloting differentiated store roles in markets such as Chicago, with some locations optimized for digital fulfillment and others focused on the in-store experience.
Merchandise newness also supported demand. Within electronics, Target saw an exceptional response to the launch of Nintendo Switch 2, where it ranked among the top retailers in sales and market share. With digital growth gaining momentum, the company heads into the holiday season with its omnichannel model positioned as a key driver of both scale and profitability.
WMT & BBY Drive Digital Ecosystems as TGT Leans Into AI
Walmart Inc. WMT is accelerating its digital business through strong e-commerce growth, AI-driven innovation and faster fulfillment. Global e-commerce sales rose 25% year over year, with Walmart U.S. growing 26% and nearly one-third of store deliveries arriving in under three hours. AI tools like “Sparky” enhance personalization, while marketplace, advertising and membership income expand Walmart’s digital ecosystem.
Best Buy Co., Inc. BBY is expanding its digital ecosystem through the launch of its new online marketplace, tripling assortments in categories like mobile accessories and gaming. The platform leverages AI-powered search to improve product discovery and enhance personalization. With seamless store integration, seller support and growing ad capabilities, Best Buy positions itself as a stronger digital-first retail leader.
Target’s Price Performance, Valuation & Estimates
TGT stock has risen 2.9% over the past three months against the industry’s decline of 3.7%.
Image Source: Zacks Investment Research
Target’s forward 12-month price-to-earnings ratio of 12.19 reflects a lower valuation compared with the industry’s average of 31.77X. TGT carries a Value Score of A.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for TGT’s fiscal 2025 earnings per share implies a year-over-year decline of 15.5%, while the same for fiscal 2026 indicates growth of 8.8%. Earnings estimates for fiscal 2025 and 2026 have been southbound 6 cents and unchanged, respectively, in the past 30 days.
Image Source: Zacks Investment Research
Target currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is Target's Digital Ecosystem Becoming a Major Profit Engine?

The S&P 500 Index ($SPX) (SPY) on Thursday closed up by +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.58%. September E-mini S&P futures (ESU25) rose +0.32%, and September E-mini Nasdaq futures (NQU25) rose +0.56%.
Stock indexes rallied on Thursday, with the S&P 500 posting a new all-time high and the Nasdaq 100 posting a 1.5-week high. Signs that the US economy is holding up pushed stock prices higher on Thursday after Q2 GDP was revised higher than expected, showing the economy expanded more than initially estimated. Also, US weekly initial unemployment claims fell as expected, easing concerns about the labor market. Strength in software stocks and chip makers led the overall market higher on Thursday.
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Limiting gains in stocks on Thursday was some disappointing earnings news. Hormel Foods fell more than -13% after reporting weaker-than-expected Q3 adjusted EPS and forecasting Q4 adjusted EPS below consensus. Additionally, there's some weakness in AI stocks following Nvidia's sales forecast, which fell short of lofty expectations. Nvidia fell -0.79% after reporting weaker-than-expected Q2 data center revenue and giving a revenue forecast that was seen as underwhelming.
US Q2 GDP was revised upward to +3.3% (q/q annualized) from the previously reported +3.0%, stronger than expectations of +3.1%.
US weekly initial unemployment claims fell -5,000 to 229,000, close to expectations of 230,000.
US Jul pending home sales fell -0.4% m/m, weaker than expectations of -0.2% m/m.
Regarding tariffs, President Trump late Monday threatened to impose new tariffs and export restrictions on advanced technology and semiconductors in retaliation against other nations' digital services taxes that hit American companies. Last week, Mr. Trump widened steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles, auto parts, furniture components, and tableware. The change went into effect last Monday and did not exclude goods already in transit.
In other recent tariff news, Mr. Trump on August 13 extended the tariff truce with China for another 90 days until November. On August 6, Mr. Trump announced that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India's purchases of Russian oil. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
The markets this week are focusing on any fresh tariff news or developments on ending the Ukraine-Russian war. On Friday, July personal spending is expected to climb +0.3% m/m, and July personal income is expected to rise +0.4% m/m. Also, the July core PCE price index, the Fed's preferred inflation gauge, is expected to climb +0.2% m/m and +2.9% y/y. In addition, the Aug MNI Chicago PMI is expected to fall -0.6 to 46.5. Finally, the University of Michigan's final-Aug US consumer sentiment index is expected to be unrevised at 58.6.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 86% at the next FOMC meeting on September 16-17. The markets are discounting the chances at 53% for a second -25 bp rate cut at the following meeting on October 28-29.
Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With Q2 earnings season winding down, over 95% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates.
Overseas stock markets on Thursday settled higher. The Euro Stoxx 50 closed up +0.07%. China's Shanghai Composite closed up +1.14%. Japan's Nikkei Stock 225 closed up +0.73%.
Interest Rates
September 10-year T-notes (ZNU5) on Thursday closed up +4 ticks, and the 10-year T-note yield fell -2.3 bp to 4.209%.
Sep T-notes climbed to a 4-month nearest-futures high on Thursday, and the 10-year T-note yield fell to a 2-week low of 4.201%. T-notes moved higher on Thursday, benefiting from positive carryover from Wednesday, when New York Fed President Williams stated that at some point, it will be appropriate for the Fed to move rates down, as it is still in a "modestly restrictive" stance on policy.
Gains in T-notes are limited after the US Q2 GDP was revised higher than expected and after weekly jobless claims declined as expected, which are hawkish factors for Fed policy. Also, weak demand for the Treasury's $44 billion auction of 7-year T-notes was bearish for T-note prices as the auction had a bid-to-cover ratio of 2.49, weaker than the 10-auction average of 2.66.
European government bond yields on Thursday moved lower. The 10-year German bund yield fell to a 2-week low of 2.679% and finished down -0.5 bp to 2.695%. 10-year UK gilt yield fell -3.6 bp to 4.699%.
The Eurozone's August economic confidence indicator unexpectedly fell -0.5 to 95.2, weaker than expectations of an increase to 96.0.
Eurozone July new car registrations rose 7.4% year-over-year to 914,680, the biggest increase in 15 months.
The summary of the July 23-24 ECB meeting showed that policymakers deemed the risks to inflation to be "broadly balanced" and that the Eurozone economy has so far remained resilient to headwinds ranging from tariffs to wars.
Swaps are discounting the chances at 3% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Chipmakers rallied on Thursday to provide support to the broader market. Marvell Technology (MRVL) closed up more than +4%, and Micron Technology (MU) and Broadcom (AVGO) closed up more than +3%. Also, Advanced Micro Devices (AMD), Applied Materials (AMAT), and NXP Semiconductors NV (NXPI) closed up more than +1%.
Snowflake (SNOW) closed up more than +18% to lead software stocks higher after reporting Q2 product revenue of $1.09 billion, better than the consensus of $1.04 billion, and raising its 2026 product revenue forecast to $4.40 billion from a previous estimate of $4.33 billion, stronger than the consensus of $4.34 billion. Also, Datadog (DDOG) closed up more than +6% to lead gainers in the S&P 500 and Nasdaq 100, and MongoDB (MDB) closed up more than +7%. In addition, Cloudflare (NET) closed up more than +3% and Atlassian (TEAM) closed up more than +2%. Finally, Salesforce (CRM) closed up more than +1% to lead the gainers in the Dow Jones Industrials.
Pure Storage (PSTG) closed up more than +31% after reporting Q2 revenue of $861 million, above the consensus of $845.9 million, and raising its 2026 revenue forecast to $3.60 billion-$3.63 billion from a previous forecast of $3.52 billion, stronger than the consensus of $3.52 billion.
Phibro Animal Health Corp (PAHC) closed up more than +18% after forecasting 2026 net sales of $1.43 billion to $1.48 billion, above the consensus of $1.42 billion.
Agilent Technologies (A) closed up more than +5% after reporting Q3 net revenue of $1.74 billion, above the consensus of $1.67 billion, and raising its full-year revenue estimate to $6.91 billion-$6.93 billion from a previous estimate of $6.73 billion-$6.81billion.
HP Inc. (HPQ) closed up more than +4% after reporting Q3 net revenue of $13.93 billion, better than the consensus of $13.74 billion.
Burlington Stores (BURL) closed up more than +4% after reporting Q2 adjusted EPS of $1.59, well above the consensus of $1.27, and raising its full-year adjusted EPS forecast to $9.19-$9.59 from a previous forecast of $8.70-$9.30, the midpoint above the consensus of $9.26.
Five Below (FIVE) closed up more than +3% after reporting Q2 comparable sales rose +12.4%, stronger than the consensus of +9.14%, and raising its full-year net sales forecast to $4.44 billion-$4.52 billion from a previous forecast of $4.33 billion-$4.42 billion.
Hormel Foods (HRL) closed down more than -13% to lead losers in the S&P 500 after reporting Q3 adjusted EPS of 35 cents, below the consensus of 40 cents, and forecasting Q4 adjusted EPS of 38 cents-40 cents, weaker than the consensus of 49 cents.
Nvidia (NVDA) closed down -0.79% after reporting Q2 data center revenue of $41.10 billion, below the consensus of $41.29 billion.
Cooper Cos (COO) closed down more than -12% after cutting its full-year revenue forecast to $4.08 billion-$4.10 billion from a previous forecast of $4.11 billion-$4.15 billion, weaker than the consensus of $4.12 billion.
Veeva Systems (VEEV) closed down more than -7% after reporting Q2 adjusted gross margin of 77.5%, below the consensus of 78.2%.
Nutanix (NTNX) closed down more than -5% after forecasting Q1 revenue of $670 million-$680 million, the midpoint below the consensus of $677 million.
Brown-Forman (BF.B) closed down more than -4% after reporting Q1 EPS of 36 cents, below the consensus of 37 cents.
Best Buy (BBY) closed down more than -3% despite reporting better-than-expected Q2 EPS after warning that tariffs continue to weigh on its business ahead of the crucial holiday season.
Earnings Reports(8/29/2025)
Lionsgate Studios Corp (LION).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

S&P 500 Posts a New Record High on a Resilient US Economy

Key Points
A double beat on analyst estimates didn't compensate for tariff uncertainty.
On a brighter note, the retailer managed to grow its revenue and post the highest "comps" in years.
It's safe to say many investors felt that Best Buy (NYSE: BBY) stock wasn't an especially good buy on Thursday. Although the company posted second quarter of fiscal 2026 results that topped analyst estimates, it signaled that it remains vulnerable to the tariffs being imposed by the Trump administration.
As a result, its shares lost nearly 4% of their value that trading session, while the S&P 500 (SNPINDEX: ^GSPC) inched up by 0.3%.
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Thinking about tariffs
Best Buy's revenue for the period was slightly under $9.44 billion, which was up from the nearly $9.29 billion in the same quarter of fiscal 2025. That improvement was on the back of a 1.6% year-over-year rise in comparable sales -- the company's highest growth rate in three years. This, in turn, was fueled by a relatively sharp (5%) increase in online commerce.
However, net income on both a generally accepted accounting principles (GAAP) and non-GAAP (adjusted) basis went south during the quarter. Under the former standard, it was $186 million, well down from the $291 million of fiscal 2025's second frame. On an adjusted, per-share basis, it slid to $1.28 from $1.34.
At least Best Buy topped the consensus analyst estimates. On average, pundits tracking the retailer's stock were estimating it would book $9.23 billion in revenue, and a $1.22 per share figure for adjusted net income.
In the conference call discussing the quarter, company CEO Corie Barry intimated that the tariffs, which have affected pricing, are expected to remain an issue.
"Given the uncertainty of potential tariff impacts in the back half, both on consumers overall as well as our business, we feel it is prudent to maintain the annual guidance we provided last quarter," she said.
In-line guidance
That guidance calls for revenue of $41.1 billion to $41.9 billion this fiscal year, and adjusted net income of $6.15 to $6.30. The consensus analyst top-line estimate is a touch over $41.4 billion, while that for adjusted profitability stands at $6.19.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Best Buy Stock Tumbled on Thursday

The S&P 500 Index ($SPX) (SPY) today is up by +0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.40%. September E-mini S&P futures (ESU25) are up +0.02%, and September E-mini Nasdaq futures (NQU25) are up +0.35%.
Stock indexes are trading mostly higher today, with the S&P 500 posting a new all-time high and the Nasdaq 100 posting a 1-week high. Signs that the US economy is holding up are a supportive factor for stocks today after Q2 GDP was revised higher than expected, showing the economy expanded more than initially estimated. Also, US weekly initial unemployment claims fell as expected, easing concerns about the labor market.
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Limiting gains in stocks today is some disappointing earnings news. Hormel Foods is down more than -13% after reporting weaker-than-expected Q3 adjusted EPS and forecasting Q4 adjusted EPS below consensus. Additionally, there’s some weakness in technology stocks following Nvidia’s sales forecast, which fell short of lofty expectations. Nvidia is down more than -1% after reporting weaker-than-expected Q2 data center revenue and giving a revenue forecast that was seen as underwhelming.
US Q2 GDP was revised upward to +3.3% (q/q annualized) from the previously reported +3.0%, stronger than expectations of +3.1%.
US weekly initial unemployment claims fell -5,000 to 229,000, close to expectations of 230,000.
US Jul pending home sales fell -0.4% m/m, weaker than expectations of -0.2% m/m.
Regarding tariffs, President Trump late Monday threatened to impose new tariffs and export restrictions on advanced technology and semiconductors in retaliation against other nations’ digital services taxes that hit American companies. Last week, Mr. Trump widened steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles, auto parts, furniture components, and tableware. The change went into effect last Monday and did not exclude goods already in transit.
In other recent tariff news, Mr. Trump on August 13 extended the tariff truce with China for another 90 days until November. On August 6, Mr. Trump announced that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India’s purchases of Russian oil. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
The markets this week are focusing on any fresh tariff news or developments on ending the Ukraine-Russian war. On Friday, July personal spending is expected to climb +0.3% m/m, and July personal income is expected to rise +0.4% m/m. Also, the July core PCE price index, the Fed’s preferred inflation gauge, is expected to climb +0.2% m/m and +2.9% y/y. In addition, the Aug MNI Chicago PMI is expected to fall -0.6 to 46.5. Finally, the University of Michigan’s final-Aug US consumer sentiment index is expected to be unrevised at 58.6.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 88 at the next FOMC meeting on September 16-17. The markets are discounting the chances at 51% for a second -25 bp rate cut at the following meeting on October 28-29.
Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With Q2 earnings season winding down, over 95% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates.
Overseas stock markets today are higher. The Euro Stoxx 50 is up +0.18%. China’s Shanghai Composite closed up +1.14%. Japan’s Nikkei Stock 225 closed up +0.73%.
Interest Rates
September 10-year T-notes (ZNU5) today are up +2 ticks, and the 10-year T-note yield is down -1.0 bp to 4.225%.
Sep T-notes climbed to a 4-month nearest-futures high today, and the 10-year T-note yield fell to a 2-week low of 4.211%. T-notes are slightly higher today, benefiting from positive carryover from Wednesday, when New York Fed President Williams stated that at some point, it will be appropriate for us to move rates down, as we are still in a “modestly restrictive” stance on policy.
Gains in T-notes are limited after the US Q2 GDP was revised higher than expected and after weekly jobless claims declined as expected, which are hawkish factors for Fed policy. Also, supply pressures are weighing on T-notes as the Treasury will auction $44 billion of 7-year T-notes later today.
European government bond yields today are mixed. The 10-year German bund rebounded from a 2-week low of 2.679% and is up +0.3 bp to 2.703%. 10-year UK gilt yield is down -3.0 bp to 4.705%.
The Eurozone’s August economic confidence indicator unexpectedly fell -0.5 to 95.2, weaker than expectations of an increase to 96.0.
Eurozone July new car registrations rose 7.4% year-over-year to 914,680, the biggest increase in 15 months.
Swaps are discounting the chances at 3% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Chip makers are climbing today to provide support to the broader market. Micron Technology (MU) is up more than +3%, and Broadcom (AVGO) is up more than +2%. Also, Marvell Technology (MRVL), ARM Holdings Plc (ARM), and NXP Semiconductors NV (NXPI) are up more than +1%.
Snowflake (SNOW) is up more than +18% to lead software stocks higher after reporting Q2 product revenue of $1.09 billion, better than the consensus of $1.04 billion, and raising its 2026 product revenue forecast to $4.40 billion from a previous estimate of $4.33 billion, stronger than the consensus of $4.34 billion. Also, Datadog (DDOG) is up more than +5% to lead gainers in the S&P 500 and Nasdaq 100, and MongoDB (MDB) is up more than +5%. In addition, Cloudflare (NET) is up more than +3% and Atlassian (TEAM) is up more than +2%. Finally, Salesforce (CRM) is up more than +1% to lead gainers in the Dow Jones Industrials.
Pure Storage (PSTG) is up more than +29% after reporting Q2 revenue of $861 million, above the consensus of $845.9 million, and raising its 2026 revenue forecast to $3.60 billion-$3.63 billion from a previous forecast of $3.52 billion, stronger than the consensus of $3.52 billion.
Phibro Animal Health Corp (PAHC) is up more than +12% after forecasting 2026 net sales of $1.43 billion to $1.48 billion, above the consensus of $1.42 billion.
Burlington Stores (BURL) is up more than +6% after reporting Q2 adjusted EPS of $1.59, well above the consensus of $1.27, and raising its full-year adjusted EPS forecast to $9.19-$9.59 from a previous forecast of $8.70-$9.30, the midpoint above the consensus of $9.26.
HP Inc. (HPQ) is up more than +3% after reporting Q3 net revenue of $13.93 billion, better than the consensus of $13.74 billion.
Agilent Technologies (A) is up more than +3% after reporting Q3 net revenue of $1.74 billion, above the consensus of $1.67 billion, and raising its full-year revenue estimate to $6.91 billion-$6.93 billion from a previous estimate of $6.73 billion-$6.81billion.
Five Below (FIVE) is up more than +2% after reporting Q2 comparable sales rose +12.4%, stronger than the consensus of +9.14%, and raising its full-year net sales forecast to $4.44 billion-$4.52 billion from a previous forecast of $4.33 billion-$4.42 billion.
Hormel Foods (HRL) is down more than -13% to lead losers in the S&P 500 after reporting Q3 adjusted EPS of 35 cents, below the consensus of 40 cents, and forecasting Q4 adjusted EPS of 38 cents-40 cents, weaker than the consensus of 49 cents.
Nvidia (NVDA) is down more than -1% after reporting Q2 data center revenue of $41.10 billion, below the consensus of $41.29 billion.
Cooper Cos (COO) is down more than -12% after cutting its full-year revenue forecast to $4.08 billion-$4.10 billion from a previous forecast of $4.11 billion-$4.15 billion, weaker than the consensus of $4.12 billion.
Nutanix (NTNX) is down more than -7% after forecasting Q1 revenue of $670 million-$680 million, the midpoint below the consensus of $677 million.
Best Buy (BBY) is down more than -5% despite reporting better-than-expected Q2 EPS after warning that tariffs continue to weigh on its business ahead of the crucial holiday season.
Brown-Forman (BF.B) is down more than -5% after reporting Q1 EPS of 36 cents, below the consensus of 37 cents.
Veeva Systems (VEEV) is down more than -4% after reporting Q2 adjusted gross margin of 77.5%, below the consensus of 78.2%.
Earnings Reports(8/28/2025)
Affirm Holdings Inc (AFRM), Autodesk Inc (ADSK), Bath & Body Works Inc (BBWI), Best Buy Co Inc (BBY), Brown-Forman Corp (BF/B), Burlington Stores Inc (BURL), Dell Technologies Inc (DELL), Dick’s Sporting Goods Inc (DKS), Dollar General Corp (DG), Elastic NV (ESTC), Gap Inc/The (GAP), Hormel Foods Corp (HRL), Marvell Technology Inc (MRVL), Ollie’s Bargain Outlet Holding (OLLI), SentinelOne Inc (S), Ulta Beauty Inc (ULTA).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Best Buy Co., Inc.

Price history and volume

Shares 360

Investment risk — medium

Investment potential — medium

AI Factors

Consumer Confidence

Inflation

German Economy

United States - China Relations

Consumer Spending

Supply Chain Disruptions

Recession Risk

stagflation

Interest Rates

Internet of Things

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