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 appears to be a mature retailer with strong return on capital, but with noticeable pressure on margins and liquidity. A P/E of 11.2 and a P/S of 0.38 are below the industry median, supporting the case for an inexpensive valuation on earnings and revenue; however, a P/B of 5.63 is more than twice the industry median, which makes the valuation balance less comfortable. A P/FCF of 11.4 looks moderate, but not low enough to fully offset the weaknesses in margins and working capital. ROE of 40.05%, ROA of 7.42%, and ROI of 28.47% are significantly above the industry and are the main fundamental positive: the company is able to generate high returns on capital. At the same time, a net profit margin of 2.73% and an operating margin of 3.68% remain below industry benchmarks, meaning the business operates efficiently but within a very thin margin band. Gross margin of around 22.5% has remained almost unchanged over the years, which points to stability but not to expanding pricing power. The debt burden looks manageable: debt/equity of 0.38 is below the median, and long-term debt has barely increased over the period, reducing financial risk. The weak point is liquidity: a quick ratio of 0.40 and a current ratio of 1.12 indicate a limited margin of safety, especially for a cyclical consumer retailer. A dividend yield of 1.28% looks stable but not high, and in terms of dynamics it is more being maintained than accelerating. Revenue, profit, and operating profit generally remain positive, but absolute profit figures are small relative to the scale of the business, which limits the potential for revaluation. The decline in total shareholder equity and the high P/B valuation suggest that the market already recognizes the quality of capital and does not offer a large discount. Overall, the fundamentals support the company as a high-quality but not cheap asset, so a moderately cautious downward adjustment is appropriate for the target price.

Best Buy Co., Inc.

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Сильный индекс, незначительно вырос. Рынок на стороне быков.

Strong index, slightly up. The market is on the bulls' side.

Сильный индекс, значительно вырос. Приток средств в лонги на высоком уровне.

Strong index, significantly up. Inflow of funds into longs at a high level.

BBY combines strong return on capital and a moderate earnings valuation with pressure on margins, liquidity, and a high P/B, so fundamentals are moderately restraining the upside.

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The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
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Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
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As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Best Buy (BBY)
Founded in 1966 and headquartered in Richfield, MN, Best Buy Co., Inc. (BBY) is one of North America's largest specialty retailers of consumer electronics, computing products, appliances, entertainment products, mobile phones and technology-related services. The company operates as an omnichannel retailer, combining its extensive store network with e-commerce capabilities to provide customers with a seamless shopping experience across physical and digital channels.
BBY is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 13.03; value investors should take notice.
Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2027, while the Zacks Consensus Estimate has increased $0.06 to $6.56 per share. BBY also boasts an average earnings surprise of +5.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, BBY should be on investors' short list.
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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.

Here's Why Best Buy (BBY) is a Strong Value Stock

Key Points
The disposition of ~900,000 shares realized a transaction value of ~$74.0 million across several execution windows on July 13, 2026 and July 14, 2026.
The sale represented a 7% reduction in the total equity stake previously held by the reporting person.
The transaction was entirely indirect, involving shares held in a revocable trust.
Richard M. Schulze, the founder and Chairman Emeritus of Best Buy Co., Inc. (NYSE:BBY), sold 900,000 shares on July 13 and July 14, 2026, according to the SEC Form 4 filing.
Transaction summary
Transaction value
~$74.0 million
Shares sold (indirectly held)
900,000
Post-transaction shares (indirectly held)
11,600,000
Post-transaction value
$976.89 million
Transaction value based on SEC Form 4 weighted average sale price ($82.21); post-transaction value based on July 14, 2026 market close ($83.98).
Key questions
What was the structural framework for this transaction?
The disposition was executed via a Rule 10b5-1 plan adopted on June 12, 2026, and was from indirect ownership through a revocable trust.
How does this sale align with the company's recent equity performance?
As of the July 14, 2026 transaction date, the company has generated a 12-month total return of 18%, providing a valuation context for the exit at a weighted average price of $82.21 per share.
What is the scale of the insider's remaining equity exposure?
Following this 7% reduction in holdings, the reporting person maintains an indirect interest in ~11.6 million shares, which constitutes 6% of the company's total outstanding shares and carries a market value of $976.89 million as of the July 14, 2026 market close.
Company Overview
Share Price (as of market close 2026-07-14)
$83.98
Market Capitalization
$17.7 billion
Revenue (TTM)
$41.9 billion
Net Income (TTM)
$1.1 billion
Company Snapshot
Best Buy operates as a comprehensive technology retailer offering computing devices, mobile phones, networking equipment, tablets, smartwatches, and related peripherals, with significant revenue generated through direct product sales and carrier commissions on mobile phone services.
The company generates revenue through a dual-segment business model encompassing domestic and international operations, leveraging both physical retail locations and digital channels to serve technology-focused consumers across North America.
Best Buy primarily targets technology-conscious consumers and households seeking consumer electronics, computing solutions, and mobile devices, with a customer base spanning both individual consumers and business segments across the United States and Canada.
Best Buy Co., Inc. is a leading specialty retailer in the consumer technology sector with approximately 82,000 employees and a market capitalization of $17.7 billion. The company maintains a substantial revenue base of $41.9 billion on a TTM basis, demonstrating its significant scale within the specialty retail industry.
Best Buy's competitive positioning is anchored by its extensive product portfolio, omnichannel retail presence, and established relationships with major technology manufacturers and wireless carriers.
What this transaction means for investors
The July 13 and July 14 sale of Best Buy stock by company founder and Chairman Emeritus Richard Schulze came at a time when shares were soaring. The stock eventually hit a 52-week high of $87.35 on July 16.
Even so, Schulze’s sale was a non-discretionary transaction executed as part of a pre-established Rule 10b5-1 plan. Such plans allow insiders to sell shares at predetermined times to avoid concerns of trading on non-public information.
Moreover, Schulze retained over 11 million shares post-disposition, distributed across a revocable trust, a 401(k) plan, an IRA, a limited partnership, a spousal grantor retained annuity trust (GRAT), his spouse, and a spouse irrevocable trust. His substantial equity stake in the company he founded suggests Schulze remains bullish on the stock.
Best Buy shares are up thanks to solid business performance. The company reported $8.9 billion in revenue for its fiscal first quarter ended May 2, up from $8.8 billion in the prior year. In addition, its fiscal Q1 diluted earnings per share skyrocketed to $1.31 compared to $0.95 in the previous year.
Should you buy stock in Best Buy right now?
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Robert Izquierdo has positions in Best Buy. The Motley Fool has positions in and recommends Best Buy. The Motley Fool has a disclosure policy.
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's Founder and Chairman Emeritus Sold Company Shares Worth $74 Million. Here's What That Means for Investors.

Investors in Best Buy Inc (Symbol: BBY) saw new options become available today, for the October 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 94 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BBY options chain for the new October 16th contracts and identified one put and one call contract of particular interest.
The put contract at the $80.00 strike price has a current bid of $5.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $80.00, but will also collect the premium, putting the cost basis of the shares at $74.80 (before broker commissions). To an investor already interested in purchasing shares of BBY, that could represent an attractive alternative to paying $80.71/share today.
Because the $80.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.50% return on the cash commitment, or 25.24% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Best Buy Inc, and highlighting in green where the $80.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $85.00 strike price has a current bid of $3.90. If an investor was to purchase shares of BBY stock at the current price level of $80.71/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $85.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.15% if the stock gets called away at the October 16th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if BBY shares really soar, which is why looking at the trailing twelve month trading history for Best Buy Inc, as well as studying the business fundamentals becomes important. Below is a chart showing BBY's trailing twelve month trading history, with the $85.00 strike highlighted in red:
Considering the fact that the $85.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.83% boost of extra return to the investor, or 18.76% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example, as well as the call contract example, are both approximately 39%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $80.71) to be 37%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Further BBY Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

October 16th Options Now Available For Best Buy (BBY)

Key Points
Best Buy currently looks substantially stronger on revenue, generating significantly higher sales volumes than GameStop.
The two companies exhibit a highly seasonal revenue pattern over the last eight quarters, with massive quarter-over-quarter spikes followed by consistent subsequent declines.
Investors should watch whether the massive revenue gap between the two companies remains steady or begins to shift over upcoming seasonal cycles.
Best Buy: Managing a Massive Revenue Base
Best Buy (NYSE:BBY) primarily generates revenue by selling a wide array of consumer electronics, household appliances, and entertainment products, alongside offering consultation, repair, and technical support services to its customers.
It recently appointed Jason Bonfig as its new Chief Executive Officer, and for the quarter ended May 2, 2026, it reported a net income margin of 3%.
GameStop: Smaller Scale With Similar Seasonal Shifts
GameStop (NYSE:GME) earns most of its revenue by providing new and pre-owned video game consoles, software, and accessories, along with digital gaming content and licensed pop culture merchandise.
It recently submitted an unsolicited proposal to acquire eBay for $55.5 billion, which eBay’s Board of Directors rejected. For the quarter ended May 2, 2026, it recorded a net income margin of 47%.
Why Revenue Matters for Retail Investors
Revenue here represents the total money a company brings in from its operations before any expenses are deducted, which helps investors gauge overall customer demand and business scale.
Quarterly Revenue for Best Buy and GameStop
Quarter (Period End)
Best Buy Revenue
GameStop Revenue
Q3 2024 (Aug. 2024)
$9.3 billion
$798.3 million
Q4 2024 (Nov. 2024)
$9.4 billion
$860.3 million
Q1 2025
$13.9 billion (period ended Feb. 2025)
$1.3 billion (period ended Jan. 2025)
Q2 2025 (May 2025)
$8.8 billion
$732.4 million
Q3 2025 (Aug. 2025)
$9.4 billion
$972.2 million
Q4 2025 (Nov. 2025)
$9.7 billion
$821.0 million
Q1 2026 (Jan. 2026)
$13.8 billion
$1.1 billion
Q2 2026 (May 2026)
$8.9 billion
$835.3 million
Data source: Company filings. Data as of July 13, 2026.
Foolish Take
As is typical for retailers, Best Buy and GameStop experience sales spikes over the holiday shopping season in November and December. The former’s vastly higher revenue illustrates how the electronics retailer successfully navigated shifts in its business as consumers abandoned physical movie and video game media for digital versions. Its sales edged up to $8.9 billion in its fiscal first quarter ended May 2 compared to $8.8 billion in the prior year.
GameStop is attempting to adjust to changes in shopping behavior by introducing collectibles, which helped drive 14% year-over-year sales growth in its fiscal first quarter ended May 2. The company also posted the highest quarterly net income in its history, reaching $389.6 million, as a result of a confluence of cost management, higher revenue, and gains on investments such as Bitcoin.
Over the long term, Best Buy stands to see continued revenue growth. It has diversified across computers, appliances, mobile phones, and other products that provide resilience against economic headwinds. Meanwhile, GameStop still needs to prove it has a sustainable business as its core video games offering is in rapid decline, especially after Sony announced its PlayStation console will only sell digital content starting in 2028.
Should you buy stock in Best Buy right now?
Before you buy stock in Best Buy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Best Buy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $395,679!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,294,805!*
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*Stock Advisor returns as of July 14, 2026.
Robert Izquierdo has positions in Best Buy and Sony Group. The Motley Fool has positions in and recommends Best Buy, Bitcoin, and eBay. The Motley Fool has a disclosure policy.
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 vs. GameStop: What Their Revenue Trends Tell Investors About These Specialty Retailers

In trading on Friday, music & electronics stores shares were relative leaders, up on the day by about 2.5%. Leading the group were shares of Upbound Group, up about 7% and shares of Best Buy up about 2.6% on the day.
Also showing relative strength are textiles shares, up on the day by about 2.4% as a group, led by Unifi, trading higher by about 5.4% and Crocs, trading higher by about 4.4% on Friday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Friday Sector Leaders: Music & Electronics Stores, Textiles

In line with the efforts to expand its food delivery business, Uber Technologies (UBER) announced the inclusion of multiple new retailers to the Uber Eats marketplace, aimed at expanding its retail selection availability for on-demand delivery. The new retailers include Kiehl’s, FedEx Office, Blick Art Materials, Academy Sports + Outdoors and Choice Pet, all of which can be accessed through the Uber Eats, Uber and Postmates apps.
Uber Eats, the online food ordering and delivery platform of Uber, is expanding beyond its patent food delivery business and offering a vast marketplace which covers everyday needs such as skincare, shipping supplies, art materials, sporting goods and pet supplies. This will allow consumers to browse and order from thousands of participating stores nationwide, with delivery available on demand or as scheduled.
Uber One members are entitled to enjoy no Delivery Fee on eligible retail orders and other ongoing benefits.
Uber has already added various retail locations across the United States, strengthening its position as a multi-category delivery platform.
Last year, Uber inked a deal with retailer Best Buy BBY for on-demand delivery. The deal brought consumer electronics from more than 800 stores to the Uber Eats platform. Uber Eats is the online food ordering and delivery platform of the company. Following the tie-up, 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.
Apart from the deal with Best Buy, Uber’s agreements with discount retailers Dollar General (DG) and Dollar Tree (DLTR) were also on the same customer-friendly lines. The tie-up with Dollar General ensured that its more than 14,000 locations arrived on the Uber Eats platform. Following the association with Dollar General, customers are using the Uber Eats app to order food, beverages and other essentials.
The deal with Dollar Tree has also 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 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 single digits over the past three months. Despite the upbeat performance, UBER’s shares have underperformed the Zacks Internet-Services industry over the same time frame.
3- Month Price Comparison
Image Source: Zacks Investment Research
From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.42X. UBER is inexpensive compared with its industry.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for full-year 2026 earnings has declined in the past 60 days while the same for full-year 2027 has gained in the same time frame.
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.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>
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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 Expands Its Food Delivery Business: Is it a Growth Catalyst?

(RTTNews) - Electronics retailer Best Buy Co., Inc. (BBY), announced on Wednesday that it began selling RGB LED TVs in stores nationwide through partnerships with Samsung, Sony, LG, TCL and Hisense.
Best Buy said it is the only national retailer offering RGB LED TVs from those brands in stores, on its app and on BestBuy.com.
RGB LED TV's screen sizes start at 50 inches and extend to 116-inch models. RGB LED technology uses separate red, green and blue LEDs for more precise brightness and color, Best Buy said.
Best Buy trained more than 15,000 employees on the new technology. Customers buying RGB LED TVs will get free delivery, installation and mounting, plus free haul-away of their old TV on most purchases, the company said in a statement.
Best Buy shares rose 0.04 percent, to $75.15 in pre market trading on the NYSE, after ending Tuesday's regular session 1.13 percent lower.
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 Adds RGB LED TVs To Stores Nationwide

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -1.44%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -3.29%. September E-mini S&P futures (ESU26) fell -1.41%, and September E-mini Nasdaq futures (NQU26) fell -3.28%.
Stock indexes sold off sharply on Tuesday, with the S&P 500 posting a 1.5-week low and the Dow Jones Industrial Average and the Nasdaq 100 posting 1-week lows. Concerns over the high valuations of chipmakers and memory stocks, among the biggest beneficiaries of the artificial-intelligence trade, have led to global selling in those sectors on Tuesday as investors question whether future returns can justify current spending on AI. Tuesday’s +5% jump in International Business Machines limited losses in the Dow Jones Industrials.
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Tuesday’s stock slump began in Asia, with Japan’s Nikkei Stock Average falling by more than -3%. Also, South Korea’s Kospi index closed down more than -10%, as foreign investors offloaded more than $2.5 billion of Kospi shares. South Korea’s SK Hynix and Samsung Electronics closed down by more than -12%, sparking forced liquidation that hit retail investors trading on margin, compounded by a wave of selling tied to leveraged exchange-traded funds (ETFs) tracking the two chip giants.
Stock indexes recovered from their worst levels on Tuesday amid signs of strength in the US economy, after the Jun S&P manufacturing PMI unexpectedly rose by +0.6 to 55.7, stronger than expectations of a decline to 54.6 and the strongest figure in 4 years.
On the negative side, the US Jun Richmond Fed manufacturing survey current conditions fell -9 to 4, weaker than expectations of 8.
The markets are discounting a 36% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.
Overseas stock markets settled sharply lower on Tuesday. The Euro Stoxx 50 fell to a 1-week low and closed down -1.28%. China's Shanghai Composite fell from a 1-month high and closed down -1.37%. Japan’s Nikkei-225 Stock Average closed down -3.55%.
Interest Rates
September 10-year T-notes (ZNU6) on Tuesday closed up +4.5 ticks, and the 10-year T-note yield fell -1.6 bp to 4.493%. T-notes settled higher as Tuesday’s sharp selloff in global equity markets fueled safe-haven demand for government debt securities. Also, easing inflation expectations were supportive of T-notes, as the 10-year breakeven inflation rate fell to a 6-month low of 2.210% on Tuesday. In addition, solid demand for the Treasury’s $69 billion auction of 2-year T-notes was positive for T-notes, as the auction had a bid-to-cover ratio of 2.64, better than the 10-auction average of 2.61.
Gains in T-notes were limited after the Jun S&P manufacturing PMI unexpectedly expanded at the strongest pace in four years, a hawkish factor for Fed policy. Also, supply pressures are negative for T-notes as the Treasury will auction $211 billion of T-notes and floating-rate notes this week.
European government bond yields moved lower on Tuesday. The 10-year German bund yield dropped to a 2.5-month low of 2.904% and finished down -3.3 bp to 2.919%. The 10-year UK gilt yield fell -5.4 bp to 4.754%.
The Eurozone Jun S&P manufacturing PMI fell -0.3 to 51.3, weaker than expectations of no change at 51.6. However, the Jun S&P composite PMI rose +1.0 to 49.5, stronger than expectations of 49.2.
Eurozone May new car registrations rose +3.2% y/y to 955,000 units, the fourth consecutive monthly increase.
ECB Chief Economist Philip Lane said ECB Officials face the risk that inflation will hover above their goal "for quite some time."
The UK Jun SP manufacturing PMI fell -0.8 to 53.1, weaker than expectations of 53.5.
Swaps are discounting a 10% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.
US Stock Movers
Chipmakers and AI-infrastructure stocks sold off sharply, driving Tuesday’s selloff in equity markets. The iShares Semiconductor ETF (SOXX) closed down more than -8%. Sandisk (SNDK) closed down more than -12% to lead the S&P 500 and Nasdaq 100 losers, and Micron Technology (MU) closed down more than -13%. Also, ON Semiconductor (ON), ARM Holdings NV (ARM), and Microchip Technology (MCHP) closed down more than -10%, and Lam Research (LRCX), Analog Devices (ADI), Marvell Technology (MRVL),and KLA Corp (KLAC) closed down more than -9%. In addition, Western Digital (WDC), ASML Holding NV (ASML), Applied Materials (AMAT), Texas Instruments (TXN), and Qualcomm (QCOM) closed down more than -8%, and NXP Semiconductors NV (NXPI) closed down more than -7%. Finally, Intel (INTC) closed down more than -6%, Advanced Micro Devices (AMD) and Seagate Technology Holdings Plc (STX) closed down more than -5%, and Nvidia (NVDA) closed down more than -4% to lead losers in the Dow Jones Industrials.
Mining stocks were under pressure on Tuesday, as gold and silver prices fell sharply. Coeur Mining (CDE) and Freeport McMoRan (FCX) closed down more than -6%, and Southern Copper (SCCO) and Hecla Mining (HL) closed down more than -5%. Also, Newmont Corp (NEM), Barrick Mining (B), and Anglogold Ashanti (AU) closed down more than -3%.
Primoris Services (PRIM) closed down more than -21% after cutting its full-year profit outlook to $2.05 to $2.60 from a previous estimate of $4.80 to $5.00, well below the consensus of $4.74.
Best Buy (BBY) closed down more than -1% after announcing that CFO Bilunas will step down at the end of July after 20 years, including seven years as CFO.
Nike (NKE) closed down more than -1% after Evercore ISI downgraded the stock to inline from outperform.
Edgewell Personal Care Co (EPC) closed up more than +15% after rejecting an unsolicited takeover offer from Yellow Wood Partners, saying the $30 a share offer is too low.
International Business Machines (IBM) closed up more than +5% to lead gainers in the Dow Jones industrials after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $291.
CDW Corp (CDW) closed up more than +5% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $170.
GE HealthCare Technologies (GEHC) closed up more than +5% after RBC Capital Markets initiated coverage on the stock with an outperform rating and a price target of $80.
Target (TGT) closed up more than +3% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $162.
Avis Budget Group (CAR) closed up more than +2% after entering into a settlement agreement with Pentwater Capital Management, which will pay Avis $650 million to resolve a lawsuit seeking recovery of short-swing profits.
Earnings Reports(6/24/2026)
Daktronics Inc (DAKT), HB Fuller Co (FUL), Immersion Corp (IMMR), Jefferies Financial Group Inc (JEF), Methode Electronics Inc (MEI), Micron Technology Inc (MU), Millerknoll Inc (MLKN), Novagold Resources Inc (NG), Paychex Inc (PAYX), Worthington Steel Inc (WS).
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.

Plunge in Chipmakers Drags Stock Indexes Sharply Lower

The S&P 500 Index ($SPX) (SPY) today is down -1.04%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.67%. September E-mini S&P futures (ESU26) are down -1.00%, and September E-mini Nasdaq futures (NQU26) are down -2.66%.
Stock indexes are falling sharply today, with the S&P 500 posting a 1.5-week low and the Dow Jones Industrial Average and the Nasdaq 100 posting 1-week lows. Concerns over the high valuations of chipmakers and memory stocks, among the biggest beneficiaries of the artificial-intelligence trade, have led to global selling in those sectors today as investors question whether future returns can justify current spending on AI. Today’s +5% jump in International Business machines is limiting losses in the Dow Jones Industrials.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Today’s stock slump began in Asia, with Japan’s Nikkei Stock Average falling by more than -3%. Also, South Korea’s Kospi index closed down more than -10%, as foreign investors offloaded more than $2.5 billion of Kospi shares. South Korea’s SK Hynix and Samsung Electronics closed down by more than -12%, sparking forced liquidation that hit retail investors trading on margin, compounded by a wave of selling tied to leveraged exchange-traded funds (ETFs) tracking the two chip giants.
Stock indexes recovered from their worst levels today on signs of strength in the US economy, after the Jun S&P manufacturing PMI unexpectedly rose by +0.6 to 55.7, stronger than expectations of a decline to 54.6 and the strongest figure in 4 years.
On the negative side, the US Jun Richmond Fed manufacturing survey current conditions fell -9 to 4, weaker than expectations of 8.
The markets are discounting a 36% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.
Overseas stock markets are sharply lower today. The Euro Stoxx 50 fell to a 1-week low and is down -0.93%. China's Shanghai Composite fell from a 1-month high and closed down -1.37%. Japan’s Nikkei-225 Stock Average closed down -3.55%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +7 ticks, and the 10-year T-note yield is down -2.4 bp to 4.485%. T-notes are climbing as today’s sharp selloff in global equity markets has fueled safe-haven demand for government debt securities. Also, easing inflation expectations are supportive of T-notes, as the 10-year breakeven inflation rate fell to a 6-month low of 2.210% today.
Gains in T-notes are limited after the Jun S&P manufacturing PMI unexpectedly expanded at the strongest pace in four years, a hawkish factor for Fed policy. Also, supply pressures are negative for T-notes as the Treasury will auction $69 billion of 2-year T-notes later today.
European government bond yields are moving lower today. The 10-year German bund yield dropped to a 2.5-month low of 2.904% and is down -4.2 bp to 2.910%. The 10-year UK gilt yield is down -5.6 bp to 4.752%.
The Eurozone Jun S&P manufacturing PMI fell -0.3 to 51.3, weaker than expectations of no change at 51.6. However, the Jun S&P composite PMI rose +1.0 to 49.5, stronger than expectations of 49.2.
Eurozone May new car registrations rose +3.2% y/y to 955,000 units, the fourth consecutive monthly increase.
ECB Chief Economist Philip Lane said ECB Officials face the risk that inflation will hover above their goal "for quite some time."
The UK Jun SP manufacturing PMI fell -0.8 to 53.1, weaker than expectations of 53.5.
Swaps are discounting a 10% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.
US Stock Movers
Chipmakers and AI-infrastructure stocks are sharply lower, driving today’s selloff in equity markets. The iShares Semiconductor ETF (SOXX) is down more than -7%. Sandisk (SNDK) is down more than -11% to lead the S&P 500 and Nasdaq 100 losers, and Micron Technology (MU), ON Semiconductor (ON), Applied Materials (AMAT), Lam Research (LRCX), KLA Corp (KLAC), Western Digital (WDC), and Qualcomm (QCOM) are down more than -9%. Also, Marvell Technology (MRVL) and ARM Holdings NV (ARM) are down more than -8%, and ASML Holding NV (ASML), Seagate Technology Holdings Plc (STX), Microchip Technology (MCHP), Analog Devices (ADI), NXP Semiconductors NV (NXPI), and Texas Instruments (TXN) are down more than -7%. In addition, Advanced Micro Devices (AMD) is down more than -5%, and Intel (INTC) is down more than -3%.
Mining stocks are under pressure today, with gold and silver falling sharply to 1.5-week lows. Coeur Mining (CDE) and Freeport McMoRan (FCX) are down more than -6%, and Southern Copper (SCCO) and Hecla Mining (HL) are down more than -5%. Also, Newmont Corp (NEM), Barrick Mining (B), and Anglogold Ashanti (AU) are down more than -3%.
Primoris Services (PRIM) is down more than -26% after cutting its full-year profit outlook to $2.05 to $2.60 from a previous estimate of $4.80 to $5.00, well below the consensus of $4.74.
Best Buy (BBY) is down more than -3% after announcing that CFO Bilunas will step down at the end of July after 20 years, including seven years as CFO.
Nike (NKE) is down more than -1% after Evercore ISI downgraded the stock to inline from outperform.
Edgewell Personal Care Co (EPC) is up more than +14% after rejecting an unsolicited takeover offer from Yellow Wood Partners, saying the $30 a share offer is too low.
CDW Corp (CDW) is up more than +5% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $170.
International Business Machines (IBM) is up more than +5% to lead gainers in the Dow Jones industrials after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $291.
Avis Budget Group (CAR) is up more than +4% after entering into a settlement agreement with Pentwater Capital Management, which will pay Avis $650 million to resolve a lawsuit seeking recovery of short-swing profits.
GE HealthCare Technologies (GEHC) is up more than +3% after RBC Capital Markets initiated coverage on the stock with an outperform rating and a price target of $80.
Target (TGT) is up more than +3% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $162.
Earnings Reports(6/23/2026)
Carnival Corp Ltd (CCL), FedEx Corp (FDX), Hub Group Inc (HUBG), KB Home (KBH), Korn Ferry (KFY), Replimune Group Inc (REPL), Worthington Enterprises Inc (WOR), XCF Global Inc (SAFX).
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.
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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.

Stocks Slide as Artificial Intelligence Frenzy Eases

The S&P 500 Index ($SPX) (SPY) today is down -1.26%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.69%. September E-mini S&P futures (ESU26) are down -1.14%, and September E-mini Nasdaq futures (NQU26) are down -2.58%.
Stock indexes are falling sharply today, with the S&P 500 posting a 1.5-week low and the Dow Jones Industrial Average and the Nasdaq 100 posting 1-week lows. Concerns over the high valuations of chipmakers and memory stocks, among the biggest beneficiaries of the artificial-intelligence trade, have led to global selling in those sectors today as investors question whether future returns can justify current spending on AI.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Today’s stock slump began in Asia, with Japan’s Nikkei Stock Average falling by more than -3%. Also, South Korea’s Kospi index closed down more than -10%, as foreign investors offloaded more than $2.5 billion of Kospi shares. South Korea’s SK Hynix and Samsung Electronics closed down by more than -12%, sparking forced liquidation that hit retail investors trading on margin, compounded by a wave of selling tied to leveraged exchange-traded funds (ETFs) tracking the two chip giants.
Today’s US economic news was supportive for stocks after the Jun S&P manufacturing PMI unexpectedly rose +0.6 to 55.7, stronger than expectations of a decline to 54.6 and the strongest figure in 4 years.
The markets are discounting a 36% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.
Overseas stock markets are sharply lower today. The Euro Stoxx 50 fell to a 1-week low and is down -1.27%. China's Shanghai Composite fell from a 1-month high and closed down -1.37%. Japan’s Nikkei-225 Stock Average closed down -3.55%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +7 ticks, and the 10-year T-note yield is down -2.2 bp to 4.487%. T-notes are climbing as today’s sharp selloff in global equity markets has fueled safe-haven demand for government debt securities. Also, easing inflation expectations are supportive of T-notes, as the 10-year breakeven inflation rate fell to a 6-month low of 2.217% today. Gains in T-notes are limited due to supply pressures, as the Treasury will auction $69 billion of 2-year T-notes later today.
European government bond yields are moving lower today. The 10-year German bund yield dropped to a 2.5-month low of 2.905% and is down -3.9 bp to 2.913%. The 10-year UK gilt yield is down -4.1 bp to 4.767%.
The Eurozone Jun S&P manufacturing PMI fell -0.3 to 51.3, weaker than expectations of no change at 51.6. However, the Jun S&P composite PMI rose +1.0 to 49.5, stronger than expectations of 49.2.
Eurozone May new car registrations rose +3.2% y/y to 955,000 units, the fourth consecutive monthly increase.
ECB Chief Economist Philip Lane said ECB Officials face the risk that inflation will hover above their goal "for quite some time."
The UK Jun SP manufacturing PMI fell -0.8 to 53.1, weaker than expectations of 53.5.
Swaps are discounting a 10% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.
US Stock Movers
Chipmakers and AI-infrastructure stocks are sharply lower, driving today’s selloff in equity markets. The iShares Semiconductor ETF (SOXX) is down more than -7%. Sandisk (SNDK) is down more than -12% to lead the S&P 500 and Nasdaq 100 losers, and Micron Technology (MU) is down more than -11%. Also, ON Semiconductor (ON), Lam Research (LRCX), and Applied Materials (AMAT) are down more than -9%, and Western Digital (WDC), Qualcomm (QCOM), and KLA Corp (KLAC) are down more than -8%. In addition, Marvell Technology (MRVL), Seagate Technology Holdings Plc (STX), ARM Holdings NV (ARM), and Texas Instruments (TXN) are down more than -7%, and Advanced Micro Devices (AMD), Microchip Technology (MCHP), Analog Devices (ADI), and Intel (INTC) are down more than -6%.
Mining stocks are under pressure today, with gold and silver falling sharply to 1.5-week lows. Coeur Mining (CDE), Freeport McMoRan (FCX), and Southern Copper (SCCO) are down more than -6%, and Hecla Mining (HL) is down more than -5%. Also, Newmont Corp (NEM) and Barrick Mining (B) are down more than -4%, and Anglogold Ashanti (AU) is down more than -3%.
Primoris Services (PRIM) is down more than -33% after cutting its full-year profit outlook to $2.05 to $2.60 from a previous estimate of $4.80 to $5.00, well below the consensus of $4.74.
Best Buy (BBY) is down more than -3% after announcing that CFO Bilunas will step down at the end of July after 20 years, including seven years as CFO.
Edgewell Personal Care Co (EPC) is up more than +13% after rejecting an unsolicited takeover offer from Yellow Wood Partners, saying the $30 a share offer is too low.
CDW Corp (CDW) is up more than +5% to lead gainers in the S&P 500 after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $170.
International Business Machines (IBM) is up more than +4% to lead gainers in the Dow Jones industrials after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $291.
Avis Budget Group (CAR) is up more than +4% after entering into a settlement agreement with Pentwater Capital Management, which will pay Avis $650 million to resolve a lawsuit seeking recovery of short-swing profits.
Target (TGT) is up more than +3% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $162.
Earnings Reports(6/23/2026)
Carnival Corp Ltd (CCL), FedEx Corp (FDX), Hub Group Inc (HUBG), KB Home (KBH), Korn Ferry (KFY), Replimune Group Inc (REPL), Worthington Enterprises Inc (WOR), XCF Global Inc (SAFX).
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.

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