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. демонстрирует смешанную картину по фундаментальным метрикам. С одной стороны, P/E составляет 21.23, что выше медианы отрасли на 7.7%, указывая на возможную переоцененность. С другой стороны, показатели ROE и ROI значительно превышают средние значения по отрасли, что свидетельствует о высокой эффективности использования капитала. Однако, уровень выручки и чистой прибыли значительно выше медианы, что является позитивным моментом. Долговая нагрузка выглядит приемлемо, с debt-equity ratio на уровне 0.43, что ниже медианы. Тем не менее, текущие и быстрые коэффициенты ниже медианных значений, что может указывать на проблемы с ликвидностью. Дивидендная доходность стабильна и в пределах 1.29%, что благоприятно для инвесторов. В общем, несмотря на сильные стороны, такие как высокая рентабельность, низкие долговые обязательства и высокая выручка, высокие мультипликаторы и недостаточная ликвидность могут оказать негативное влияние на целевую цену акций компании.

Best Buy Co., Inc.

Key Points
Best Buy shares climbed last week after the retailer delivered a mixed quarterly report.
Best Buy's CFO said the company will "continue to navigate a mixed macro environment" in its fiscal 2027.
While Best Buy sells nice-to-have items, Walmart's strategy of selling need-to-have items offers more upside now.
Last week, Best Buy (NYSE: BBY) posted mixed results for its fiscal 2026 fourth quarter, missing analysts' consensus revenue expectations but beating earnings expectations. Looking ahead to its fiscal 2027, CFO Matt Bilunas said the retailer was "excited about the momentum in our business," but also warned it will "continue to navigate a mixed macro environment."
Despite the quarter's mixed results and the macroeconomic challenges the company may face, investors still liked what they saw enough to boost the stock price last week after the report was published.
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Best Buy certainly grabbed headlines after its earnings report, but I believe another retail stock has much more upside ahead.
Offering the essentials
When I look at Best Buy, I see a business centered around selling nice-to-have electronics. When I look at Walmart (NASDAQ: WMT), I see a business not only centered on selling need-to-have items, but also one that is increasing its ability to fulfill a wide range of needs in one order. For example, customers can order prescriptions from the Walmart pharmacy, order groceries, and have both delivered together.
During times of economic uncertainty, people may delay buying a new computer or upgrading their phone, but they won't stop buying groceries or getting their prescriptions.
While Walmart gets people in the door by offering them low prices on general merchandise and groceries, it has also been broadening its revenue sources.
Though it's not typically recognized for its advertising business, it has one, and its global advertising revenue climbed 46% to nearly $6.4 billion in its fiscal 2026 (which ended Jan. 31). It's also increasingly offering more reasons for customers to keep coming back through its Walmart+ subscription, which includes benefits like early-access deals, savings on fuel, and free shipping, among other perks.
What to consider before making an investment
Investors have already started to recognize the investable opportunity in Walmart, so buyers now will have to pay more of a premium to become shareholders or add to their holdings.
Its forward price-to-earnings (P/E) ratio of around 42 is higher than it has been in the last several quarters. Over the last five years, the stock price has gained nearly 177%, far surpassing the S&P 500's rise of around 71%. And so far this year, the stock is up 11%.
All of that means Walmart is currently priced for continued strength. It will need to keep executing to outperform the broader market and live up to that valuation. Still, this is the type of company that can continue to reward long-term shareholders as it diversifies its revenue sources, increases its reach through its membership program, and uses technology to further enhance its efficiency.
Should you buy stock in Walmart right now?
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Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Best Buy and Walmart. 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.

1 Retail Stock I'd Rather Own Than Best Buy

Key Points
Best Buy's Q4 numbers surpassed earnings expectations.
The company, however, continues to struggle to generate much growth.
The stock is cheap, but a discount may be warranted given the uncertainty ahead.
Best Buy (NYSE: BBY) stock is coming off a rough year in 2025 when its share price fell a whopping 22%. Investor concerns around sluggish sales growth and uncertainty around the economy were weighing down its valuation.
This year was also looking like it might be a challenging one for the retailer. However, Best Buy surprised investors with some solid numbers in its latest earnings report, and the retail stock has been jumping on the results -- it's now up around 1% for the year. Could this be a great time to add Best Buy's stock to your portfolio?
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Earnings were mixed, but profits were up big
On Tuesday, Best Buy released its fourth-quarter earnings numbers for the period ending Jan. 31. Its revenue totaled $13.8 billion and was down around 1% from a year ago, coming in slightly below analyst expectations of around $13.9 billion. The big surprise, however, came on the bottom line, with the company's net earnings totaling $541 million -- up significantly from $117 million in the same period last year. Its adjusted per-share profit of $2.61 was also far higher than the $2.47 in per-share earnings that Wall Street was looking for.
While the company's gross profit margin was the same, its selling, general, and administrative expenses declined by 2% and Best Buy also didn't incur impairment charges this past quarter, which totaled $475 million in the prior-year period. Those were the main reasons for the improved bottom line.
The bigger question remains growth. Its comparable sales for the past quarter were down 0.8%, and that's a key metric that investors look at since it only considers stores that were open a year ago, and thus, gives a good indication of the company's true organic growth. For the current fiscal year, Best Buy projects its comparable growth rate to range between a decline of 1% and an increase of 1%.
Is Best Buy's stock due for a rally?
Best Buy's stock looks cheap, trading at a forward price-to-earnings multiple of around 10. Investors have been discounting it due to the uncertainty ahead. And with tariffs still potentially weighing on its business and there being looming question marks around its future growth, I wouldn't rush out to buy Best Buy's stock today.
There's still ample risk with the stock, and while it may seem cheap, a discount is warranted given the company's challenges. It has struggled to grow in recent years, and until that changes or there's a catalyst that can give investors more confidence going forward, I'd take a wait-and-see approach with the retail stock, as any boost it gets from earnings may not last.
Should you buy stock in Best Buy right now?
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*Stock Advisor returns as of March 4, 2026.
David Jagielski, CPA has no position in any of the stocks mentioned. 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 Profits Are Growing. Is the Beaten-Down Retailer a Buy in 2026?

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.94%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.83%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.09%. March E-mini S&P futures (ESH26) fell -0.94%, and March E-mini Nasdaq futures (NQH26) fell -1.11%.
Stock indexes settled lower on Tuesday with the S&P 500 falling to a 3.25-month low, the Dow Jones Industrial Average dropping to a 2.75-month low, and the Nasdaq 100 sliding to a 3.5-month low.
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Global stock markets retreated, and crude oil prices and bond yields rose on Tuesday as the war in Iran entered its fourth day with no sign of de-escalation, bolstering fears of a prolonged disruption to energy markets and a surge in inflation.
However, crude oil prices fell back from their best levels on Tuesday, and stocks recovered from their worst levels, after President Trump said he ordered the US Development Finance Corporation "to provide, at a very reasonable price, political risk insurance and guarantees for the financial security of all maritime trade, especially energy, traveling through the Gulf." He also said, "If necessary, the US Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible."
WTI crude oil (CLJ26) rose more than +4% to an 8.5-month high after an adviser to Iran’s Islamic Revolutionary Guard Corps commander told state TV that “we will set fire to any ship attempting to pass through” the Strait of Hormuz, which runs along Iran's coast and handles a fifth of the world's oil. The closure of the Strait of Hormuz has forced Iraq, OPEC's second-largest producer, to shut down oil production at its largest oil fields in Rumalia as storage tanks fill up. Goldman Sachs estimates the real-time risk premium for crude oil at $18/bbl, corresponding to its estimate of the impact of a six-week full halt to tanker traffic in the Strait of Hormuz.
Also, falling debris from an intercepted Iranian drone caused a major fire at the United Arab Emirates' major oil-trading hub, Fujairah, one of the largest oil storage centers in the Middle East. European natural gas prices rose more than +22% on Tuesday to a 3-year high after Qatar shut its Ras Laffan plant, the world's largest natural gas export facility, after it was targeted by an Iranian drone attack. The Ras Laffan plant accounts for about 20% of the global liquefied natural gas supply.
President Trump said Monday that combat operations against Iran could last for weeks until all objectives were completed. President Trump has called for Iran’s leaders to capitulate, but Iran’s security chief said that it has no intention of negotiating with the US.
Kansas City Fed President Jeff Schmid said, "Inflation has been above the Fed's objective for nearly five years now, so I don't think we have room to be complacent."
NY Fed President John Williams said additional Fed interest rate cuts will be warranted if inflation slows further once most of the impact of tariffs has passed.
This week's market focus will be on US-Iran war news, corporate earnings, and economic news. On Wednesday, the Feb ADP employment change is expected to increase by +50,000. Also, the Feb ISM services index is expected to slip by -0.3 to 53.5. In addition, the Fed releases its Beige Book. On Thursday, weekly initial unemployment claims are expected to increase by +3,000 to 215,000. Also, Q4 nonfarm productivity is expected to be up +1.8%, and Q4 unit labor costs are expected to be up +2.0%. On Friday, Feb nonfarm payrolls are expected to increase by +60,000, and the Feb unemployment rate is expected to remain unchanged at 4.3%. Also, Feb average hourly earnings are expected to increase by +0.3% m/m and +3.7% y/y. In addition, Feb retail sales are expected to fall -0.3% m/m and Feb retail sales ex-autos are expected to remain unchanged m/m.
Q4 earnings season is nearing its end, with more than 90% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 73% of the 481 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 2% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets settled sharply lower on Tuesday. The Euro Stoxx 50 fell to a 2-month low and closed down -3.59%. China’s Shanghai Composite fell from a 10.5-year high and closed down -1.43%. Japan’s Nikkei Stock 225 dropped to a 3-week low and closed down -3.06%.
Interest Rates
June 10-year T-notes (ZNM6) on Tuesday closed down by -2 ticks. The 10-year T-note yield rose +1.9 bp to 4.054%. June T-notes tumbled to a 2-week low on Tuesday, and the 10-year T-note yield jumped to a 2-week high of 4.115%. Soaring energy prices on Tuesday sparked inflation concerns and weighed on T-note prices, with WTI crude oil up more than +4% to an 8.5-month high. The 10-year breakeven inflation rate rose to a 2-week high of 2.318% on Tuesday.
T-notes recovered from their worst levels after the stock sell-off prompted some safe-haven buying of government debt. Also, crude prices fell from early highs after President Trump said the US would provide insurance guarantees and naval escorts for oil tankers and other vessels through the Strait of Hormuz.
European government bond yields moved higher on Tuesday. The 10-year German bund yield rose to a 2.5-week high of 2.814% and finished up +4.0 bp to 2.752%. The 10-year UK gilt yield climbed to a 3-week high of 4.553% and finished up +9.7 bp to 4.471%.
The Eurozone Feb CPI rose +1.9% y/y, stronger than expectations of +1.7% y/y. Feb core CPI rose +2.4% y/y, stronger than expectations of +2.2% y/y.
Swaps are discounting a 0% chance of a -25 bp rate cut by the ECB at its next policy meeting on March 19.
US Stock Movers
Chipmakers and AI-infrastructure stocks sold off on Tuesday, weighing on the broader market. Sandisk (SNDK) closed down more than -8% to lead losers in the S&P 500, and Micron Technology (MU) closed down more than -7% to lead losers in the Nasdaq 100. Also, Western Digital (WDC) closed down more than -7%, and KLA Corp (KLAC) closed down more than -6%. In addition, Applied Materials (AMAT), Lam Research (LRCX), Seagate Technology Holdings Plc (STX), and Intel (INTC) closed down more than -5%, and ASML Holding NV (ASML), NXP Semiconductors NV (NXPI), and Marvell Technology (MRVL) closed down more than -4%. Finally, Advanced Micro Devices (AMD), Analog Devices (ADI), and Texas Instruments (TXN) closed down more than -3%.
Mining stocks plunged on Tuesday as gold prices fell more than -3% and silver prices sank more than -6%. Hecla Mining (HL) closed down more than -11%, and Coeur Mining (CDE) and Anglogold Ashanti (AU) closed down more than -10%. Also, Barrick Mining (B) closed down more than -8%, Newmont Corp (NEM) closed down more than -7%, and Freeport McMoRan (FCX) closed down more than -3%
Cryptocurrency-exposed stocks slid on Tuesday as Bitcoin (^BTCUSD) fell more than -1%. MARA Holdings (MARA) closed down more than -8%, and Riot Platforms (RIOT) closed down more than -7%. Also, Galaxy Digital Holdings (GLXY) closed down more than -5%, Strategy (MSTR) closed down more than -3%, and Coinbase Global (COIN) closed down more than -1%.
Software stocks rallied on Tuesday to limit losses in the broader market. Workday (WDAY) closed up more than +7% to lead gainers in the S&P 500 and Nasdaq 100. Also, Thomson Reuters (TRI) closed up more than +5%, and Adobe Systems (ADBE) closed up more than -4%. In addition, ServiceNow (NOW) and Intuit (INTU) closed up more than +3%, and International Business Machines (IBM) closed up more than +2% to lead gainers in the Dow Jones Industrials. Finally, Autodesk (ADSK) closed up more than +2%, and Salesforce (CRM), Microsoft (MSFT), and Palantir Technologies (PLTR) closed up more than +1%.
MongoDB (MDB) closed down more than -22% after forecasting 2027 revenue of $2.86 billion to $2.90 billion, below the consensus of $2.90 billion.
Sea Lt. (SE) closed down more than -16% after reporting Q4 net income of$410.9 million, weaker than the consensus of $442 million.
Credo Technology Group Holding Ltd (CRDO) closed down more than -14% after forecasting Q4 revenue of $425 million to 435 million, the midpoint below the consensus of $430.5 million.
Surgery Partners (SGRY) closed down more than -12% after forecasting full-year revenue of $3.35 billion to $3.45 billion, well below the consensus of $3.56 billion.
ON Holding AG (ONON) closed down more than -6% after forecasting full-year net sales at constant currencies up +23%, below the consensus of +25.8%.
Pinterest (PINS) closed up more than +9% after authorizing a new $3.5 billion share repurchase program and announcing a $1 billion strategic investment from Elliot Investment Management.
Best Buy (BBY) closed up more than +7% after reporting Q4 adjusted EPS of $2.61, stronger than the consensus of $2.46.
Target (TGT) closed up more than +6% after forecasting full-year adjusted EPS of $7.50 to $8.50, the midpoint above the consensus of $7.61.
Akami Technologies (AKAM) closed up more than +4% after Streaming Media Blog reported that the company has notified customers of upcoming interim surcharges and pricing adjustments for contract renewals.
Earnings Reports(3/4/2026)
Bath & Body Works Inc (BBWI), Broadcom Inc (AVGO), Brown-Forman Corp (BF/B), Okta Inc (OKTA), Veeva Systems Inc (VEEV).
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.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Lower on Iran War Anxiety

The Global X PureCap MSCI Consumer Discretionary ETF is seeing unusually high volume in afternoon trading Tuesday, with over 753,000 shares traded versus three month average volume of about 45,000. Shares of GXPD were down about 1.7% on the day.
Components of that ETF with the highest volume on Tuesday were Ford Motor, trading off about 3.9% with over 45.3 million shares changing hands so far this session, and Tesla, off about 2.8% on volume of over 39.3 million shares. Best Buy is the component faring the best Tuesday, up by about 6.8% on the day, while Autozone is lagging other components of the Global X PureCap MSCI Consumer Discretionary ETF, trading lower by about 5.1%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tuesday's ETF with Unusual Volume: GXPD

The Board of Directors of American Express has approved a $0.13, or 16 percent, increase in the quarterly dividend on the company's common shares, consistent with the planned increase discussed in the company's fourth-quarter 2025 earnings release. The dividend was raised to $0.95 per common share, from $0.82, payable on May 8, 2026, to shareholders of record on April 3, 2026.
Bristol Myers Squibb today announced that its Board of Directors has declared a quarterly dividend of sixty-three cents per share on the $0.10 par value common stock of the company. The dividend is payable on May 1, 2026, to stockholders of record at the close of business on April 2, 2026.
Stewart Information Services today announced that its Board of Directors declared a cash dividend of $0.525 per share for the first quarter 2026, payable March 31, 2026, to common stockholders of record on March 16, 2026.
WM today announced the declaration of a quarterly cash dividend of $0.945 per share payable March 27, 2026, to stockholders of record on March 13, 2026.
Today, Best Buy announced its board of directors approved a 1% increase in the regular quarterly cash dividend to $0.96 per common share. The regular quarterly dividend is payable on April 14, 2026, to shareholders of record as of the close of business on March 24, 2026.
VIDEO: Daily Dividend Report: AXP,BMY,STC,WM,BBY
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Daily Dividend Report: AXP,BMY,STC,WM,BBY

The S&P 500 Index ($SPX) (SPY) today is down -2.18%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -2.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.37%. March E-mini S&P futures (ESH26) are down -2.05%, and March E-mini Nasdaq futures (NQH26) are down -2.21%.
Stock indexes are plunging today, with the S&P 500 falling to a 3.25-month low, the Dow Jones Industrial Average dropping to a 2.75-month low, and the Nasdaq 100 sliding to a 3.5-month low.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Global stock markets are plummeting, and crude oil prices and bond yields are soaring as the war in Iran enters its fourth day with no sign of de-escalation, bolstering fears of a lengthy disruption to energy markets and a surge in inflation.
WTI crude oil (CLJ26) is up more than +8% at an 8.5-month high after an adviser to Iran’s Islamic Revolutionary Guard Corps commander told state TV that “we will set fire to any ship attempting to pass through” the Strait of Hormuz, which runs along Iran's coast and handles a fifth of the world's oil. Goldman Sachs estimates the real-time risk premium for crude oil at $18/bbl, corresponding to its estimate of the impact of a six-week full halt to tanker traffic in the Strait of Hormuz.
Also, falling debris from an intercepted Iranian drone caused a major fire at the United Arab Emirates' major oil-trading hub, Fujairah, one of the largest oil storage centers in the Middle East. European natural gas prices are up +22% today at a 3-year high after Qatar shut its Ras Laffan plant, the world's largest natural gas export facility, after it was targeted by an Iranian drone attack. The Ras Laffan plant accounts for about 20% of the global liquefied natural gas supply.
President Trump said Monday that combat operations against Iran could last for weeks until all objectives were completed. President Trump has called for Iran’s leaders to capitulate, but Iran’s security chief said that it has no intention of negotiating with the US.
Global bond yields are soaring today, weighing on stocks amid the potentially inflationary impact of surging energy prices. The 10-year German bund yield jumped to a 2.5-week high of 2.814%, the 10-year UK gilt yield rose to a 3-week high of 4.553%, and the 10-year T-note yield climbed to a 2-week high of 4.12%.
Kansas City Fed President Jeff Schmid said, "Inflation has been above the Fed's objective for nearly five years now, so I don't think we have room to be complacent."
NY Fed President John Williams said additional Fed interest rate cuts will be warranted if inflation slows further once most of the impact of tariffs has passed.
This week's market focus will be on US-Iran war news, corporate earnings, and economic news. On Wednesday, the Feb ADP employment change is expected to increase by +40,000. Also, the Feb ISM services index is expected to slip by -0.3 to 53.5. In addition, the Fed releases its Beige Book. On Thursday, weekly initial unemployment claims are expected to increase by +3,000 to 215,000. Also, Q4 nonfarm productivity is expected to be up +1.8%, and Q4 unit labor costs are expected to be up +2.0%. On Friday, Feb nonfarm payrolls are expected to increase by +60,000, and the Feb unemployment rate is expected to remain unchanged at 4.3%. Also, Feb average hourly earnings are expected to increase by +0.3% m/m and +3.7% y/y. In addition, Feb retail sales are expected to fall -0.3% m/m and Feb retail sales ex-autos are expected to remain unchanged m/m.
Q4 earnings season is nearing its end, with more than 90% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 73% of the 481 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 2% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets are sharply lower today. The Euro Stoxx 50 fell to a 2-month low and is down -4.15%. China’s Shanghai Composite fell from a 10.5-year high and closed down -1.43%. Japan’s Nikkei Stock 225 dropped to a 3-week low and closed down -3.06%.
Interest Rates
June 10-year T-notes (ZNM6) today are down by -7 ticks. The 10-year T-note yield is up +3.6 bp to 4.071. June T-notes tumbled to a 2-week low today, and the 10-year T-note yield jumped to a 2-week high of 4.115%. Soaring energy prices today have sparked inflation concerns and are weighing on T-notes prices, with WTI crude oil up more than +7% at an 8.5-month high. The 10-year breakeven inflation rate rose to a 2-week high of 2.318%. T-notes recovered from their worst levels after the stock sell-off prompted some safe-haven buying of government debt.
European government bond yields are moving higher. The 10-year German bund yield rose to a 2.5-week high of 2.814% and is up +5.9 bp to 2.771%. The 10-year UK gilt yield climbed to a 3-week high of 4.553% and is up +14.2 bp to 4.516%.
The Eurozone Feb CPI rose +1.9% y/y, stronger than expectations of +1.7% y/y. Feb core CPI rose +2.4% y/y, stronger than expectations of +2.2% y/y.
Swaps are discounting a 3% chance of a +25 bp rate increase by the ECB at its next policy meeting on March 19.
US Stock Movers
Magnificent Seven technology stocks are lower today. Tesla (TSLA) is down more than -4%, and
Amazon.com (AMZN) and Alphabet (GOOGL) are down more than -2%. Also, Nvidia (NVDA) is down more than -2% as US officials are considering caps on the number of AI accelerators Nvidia can export to any one Chinese company. In addition, Meta Platforms (META) is down by more than -1%, Apple (AAPL) is down -0.85%, and Microsoft (MSFT) is down -0.60%.
Chipmakers and AI-infrastructure stocks are falling today, weighing on the broader market. Micron Technology (MU) is down more than -8% to lead losers in the Nasdaq 100, and Western Digital (WDC) is down more than -7%. Also, KLA Corp (KLAC), ASML Holding NV (ASML), Seagate Technology Holdings Plc (STX), and Intel (INTC) are down more than -6%, and Applied Materials (AMAT) and Lam Research (LRCX) are down more than -5%. In addition,Advanced Micro Devices (AMD), Marvell Technology (MRVL), Analog Devices (ADI), and NXP Semiconductors NV (NXPI) are down more than -4%.
Mining stocks are plunging today with gold prices down more than -4% and silver prices down more than -7%. Hecla Mining (HL) is down more than -14%, and Coeur Mining (CDE) is down more than -11%. Also, Anglogold Ashanti (AU) is down more than -10%, and Barrick Mining (B) is down more than -9%. In addition, Freeport McMoRan (FCX) and Newmont Corp (NEM) are down more than -7%.
Airline stocks are under pressure for a second day today as crude oil prices surged to an 8.5-month high, which will boost jet fuel prices and cut into airlines’ profits. Alaska Air Group (ALK) is down more than -6%, and American Airlines Group (AAL) and United Airlines Holdings (UAL) are down more than -4%. Also, Southwest Airlines (LUV) and Delta Air Lines (DAL) are down more than -3%.
Homebuilders are retreating today after the 10-year T-note yield climbed to a 2-week high, which will push mortgage rates higher and may curb home sales prospects. Lennar (LEN) and PulteGroup (PHM) are down more than -3%. Also, DR Horton (DHI), Toll Brothers (TOL), and KB Home (KBH) are down more than -2%.
Cryptocurrency-exposed stocks are sliding today, with Bitcoin (^BTCUSD) down more than -2%. MARA Holdings (MARA) and Riot Platforms (RIOT) are down more than -6%. Also, Galaxy Digital Holdings (GLXY) is down more than -5%, and Strategy (MSTR) and Coinbase Global (COIN) are down more than -3%.
Sea Lt. (SE) is down more than -23% after reporting Q4 net income of$410.9 million, weaker than the consensus of $442 million.
MongoDB (MDB) is down more than -22% after forecasting 2027 revenue of $2.86 billion to $2.90 billion, below the consensus of $2.90 billion.
Surgery Partners (SGRY) is down more than -20% after forecasting full-year revenue of $3.35 billion to $3.45 billion, well below the consensus of $3.56 billion.
Credo Technology Group Holding Ltd (CRDO) is down more than 17% after forecasting Q4 revenue of $425 million to 435 million, the midpoint below the consensus of $430.5 million.
ON Holding AG (ONON) is down more than -13% after forecasting full-year net sales at constant currencies up +23%, below the consensus of +25.8%.
Pinterest (PINS) is up more than +6% after authorizing a new $3.5 billion share repurchase program and announcing a $1 billion strategic investment from Elliot Investment Management.
Best Buy (BBY) is up more than +4% to lead gainers in the S&P 500 after reporting Q4 adjusted EPS of $2.61, stronger than the consensus of $2.46.
Target (TGT) is up more than +4% after forecasting full-year adjusted EPS of $7.50 to $8.50, the midpoint above the consensus of $7.61.
Earnings Reports(3/3/2026)
AutoZone Inc (AZO), Best Buy Co Inc (BBY), CrowdStrike Holdings Inc (CRWD), Gitlab Inc (GTLB), On Holding AG (ONON), Ross Stores Inc (ROST), Thor Industries Inc (THO), Versant Media Group Inc (VSNT), Viking Holdings Ltd (VIK).
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.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Sink as Crude Oil Surge Rattles Markets

The S&P 500 Index ($SPX) (SPY) today is down -1.82%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -2.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.78%. March E-mini S&P futures (ESH26) are down -1.84%, and March E-mini Nasdaq futures (NQH26) are down -1.82%.
Stock indexes are sharply lower today, with the S&P 500 falling to a 2.5-month low, the Dow Jones Industrial Average dropping to a 2.75-month low, and the Nasdaq 100 sliding to a 2-week low.
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Global stock markets are plunging, and crude oil prices and bond yields are soaring as the war in Iran enters its fourth day with no sign of de-escalation, bolstering fears of a lengthy disruption to energy markets and a surge in inflation.
WTI crude oil (CLJ26) is up more than +7% at an 8.5-month high after an adviser to Iran’s Islamic Revolutionary Guard Corps commander told state TV that “we will set fire to any ship attempting to pass through” the Strait of Hormuz, which runs along Iran's coast and handles a fifth of the world's oil. Goldman Sachs estimates the real-time risk premium for crude oil at $18/bbl, corresponding to its estimate of the impact of a six-week full halt to tanker traffic in the Strait of Hormuz.
Also, falling debris from an intercepted Iranian drone caused a major fire at the United Arab Emirates' major oil-trading hub, Fujairah, one of the largest oil storage centers in the Middle East. European natural gas prices are up +33% today at a 3-year high after Qatar shut its Ras Laffan plant, the world's largest natural gas export facility, after it was targeted by an Iranian drone attack. The Ras Laffan plant accounts for about 20% of the global liquefied natural gas supply.
President Trump said Monday that combat operations against Iran could last for weeks until all objectives were completed. President Trump has called for Iran’s leaders to capitulate, but Iran’s security chief said that it has no intention of negotiating with the US.
Global bond yields are soaring today, weighing on stocks amid the potentially inflationary impact of surging energy prices. The 10-year German bund yield jumped to a 2.5-week high of 2.814%, the 10-year UK gilt yield rose to a 3-week high of 4.536%, and the 10-year T-note yield climbed to a 2-week high of 4.12%.
This week's market focus will be on US-Iran war news, corporate earnings, and economic news. On Wednesday, the Feb ADP employment change is expected to increase by +40,000. Also, the Feb ISM services index is expected to slip by -0.3 to 53.5. In addition, the Fed releases its Beige Book. On Thursday, weekly initial unemployment claims are expected to increase by +3,000 to 215,000. Also, Q4 nonfarm productivity is expected to be up +1.8%, and Q4 unit labor costs are expected to be up +2.0%. On Friday, Feb nonfarm payrolls are expected to increase by +60,000, and the Feb unemployment rate is expected to remain unchanged at 4.3%. Also, Feb average hourly earnings are expected to increase by +0.3% m/m and +3.7% y/y. In addition, Feb retail sales are expected to fall -0.3% m/m and Feb retail sales ex-autos are expected to remain unchanged m/m.
Q4 earnings season is nearing its end, with more than 90% of the S&P 500 companies having reported earnings results. Earnings have been a positive factor for stocks, with 73% of the 481 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 2% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets are sharply lower today. The Euro Stoxx 50 fell to a 2-month low and is down -3.86%. China’s Shanghai Composite fell from a 10.5-year high and closed down -1.43%. Japan’s Nikkei Stock 225 dropped to a 3-week low and closed down -3.06%.
Interest Rates
June 10-year T-notes (ZNM6) today are down by -16 ticks. The 10-year T-note yield is up +7.1 bp to 4.106%. June T-notes tumbled to a 2-week low today, and the 10-year T-note yield jumped to a 2-week high of 4.111%. Soaring energy prices today have sparked inflation concerns and are weighing on T-notes prices, with WTI crude oil up more than +7% at an 8.5-month high. The 10-year breakeven inflation rate rose to a 2-week high of 2.318%.
European government bond yields are moving higher. The 10-year German bund yield rose to a 2.5-week high of 2.814% and is up +7.8 bp to 2.790%. The 10-year UK gilt yield climbed to a 3-week high of 4.553% and is up +14.3 bp to 4.517%.
The Eurozone Feb CPI rose +1.9% y/y, stronger than expectations of +1.7% y/y. Feb core CPI rose +2.4% y/y, stronger than expectations of +2.2% y/y.
Swaps are discounting a 3% chance of a +25 bp rate increase by the ECB at its next policy meeting on March 19.
US Stock Movers
Magnificent Seven technology stocks are lower today. Amazon.com (AMZN) and Tesla (TSLA)
are down more than -2%. Nvidia (NVDA) is down more than -1% as US officials are considering caps on the number of AI accelerators Nvidia can export to any one Chinese company. Also, Alphabet (GOOGL) is down more than -1%, Microsoft (MSFT) is down -0.67%, Meta Platforms (META) is down -0.54%, and Apple (AAPL) is down -0.43%.
Chipmakers and AI-infrastructure stocks are falling today, weighing on the broader market. Western Digital (WDC) is down more than -6% to lead losers in the Nasdaq 100, and Micron Technology (MU) is down more than -5%. Also, Seagate Technology Holdings Plc (STX) and Intel (INTC) are down more than -4%, and Applied Materials (AMAT), KLA Corp (KLAC), ASML Holding NV (ASML), Lam Research (LRCX), Analog Devices (ADI), and NXP Semiconductors NV (NXPI) are down more than -3%. In addition, Marvell Technology (MRVL) and Advanced Micro Devices (AMD) are down more than -2%.
Airline stocks are under pressure for a second day today as crude oil prices surged to an 8.5-month high, which will boost jet fuel prices and cut into airlines’ profits. Alaska Air Group (ALK) is down more than -5%, and American Airlines Group (AAL), United Airlines Holdings (UAL), and Southwest Airlines (LUV) are down more than -4%. Also, Delta Air Lines (DAL) is down more than -3%.
Homebuilders are retreating today after the 10-year T-note yield climbed to a 2-week high, which will push mortgage rates higher and may curb home sales prospects. Lennar (LEN), DR Horton (DHI), and Toll Brothers (TOL) are down more than -3%. Also, KB Home (KBH) and PulteGroup (PHM) are down more than -2%.
Cryptocurrency-exposed stocks are sliding today, with Bitcoin (^BTCUSD) down more than -4%. Galaxy Digital Holdings (GLXY) and Strategy (MSTR) are down more than -5%. Also, MARA Holdings (MARA), Coinbase Global (COIN), and Riot Platforms (RIOT) are down more than -4%.
MongoDB (MDB) is down more than -25% after forecasting 2027 revenue of $2.86 billion to $2.90 billion, below the consensus of $2.90 billion.
Sea Lt. (SE) is down more than -23% after reporting Q4 net income of$410.9 million, weaker than the consensus of $442 million.
Surgery Partners (SGRY) is down more than -20% after forecasting full-year revenue of $3.35 billion to $3.45 billion, well below the consensus of $3.56 billion.
Credo Technology Group Holding Ltd (CRDO) is down more than 16% after forecasting Q4 revenue of $425 million to 435 million, the midpoint below the consensus of $430.5 million.
ON Holding AG (ONON) is down more than -11% after forecasting full-year net sales at constant currencies up +23%, below the consensus of +25.8%.
Best Buy (BBY) is up more than +8% to lead gainers in the S&P 500 after reporting Q4 adjusted EPS of $2.61, stronger than the consensus of $2.46.
Pinterest (PINS) is up more than +5% after authorizing a new $3.5 billion share repurchase program and announcing a $1 billion strategic investment from Elliot Investment Management.
Target (TGT) is up more than +4% after forecasting full-year adjusted EPS of $7.50 to $8.50, the midpoint above the consensus of $7.61.
Earnings Reports(3/3/2026)
AutoZone Inc (AZO), Best Buy Co Inc (BBY), CrowdStrike Holdings Inc (CRWD), Gitlab Inc (GTLB), On Holding AG (ONON), Ross Stores Inc (ROST), Thor Industries Inc (THO), Versant Media Group Inc (VSNT), Viking Holdings Ltd (VIK).
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.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Tumble as Crude Oil Soars and Bond Yields Rise

Wedged this morning between the U.S./Israel attack on Iran this past weekend and February jobs numbers that begin coming out Wednesday morning, pre-market futures are lower again. Yesterday, they mostly fought back to near breakeven, if not in the green, so a lower open today won’t necessarily signal doom and gloom. At this hour, the Dow is -678 points, -1.39%, the S&P 500 -94, -1.36%, the Nasdaq -456, -1.82% and the small-cap Russell 2000 -57, -2.16%.
Without much to go on regarding the duration, goals, etc. of this war (President Trump set a range from “four weeks” to “far longer”), we’ll instead look at spot oil prices, which are now up +27% from near-term lows just two weeks ago. WTI now trades at $76 per barrel (bbl) and Brent crude is currently $85/bbl — both the highest in almost two years. One of the most visibly successful changes in Trump’s first year of his second term had been lower gasoline prices, but we can expect that to change — at least for the next “four weeks.”
Big Earnings Morning Ahead of the Bell: TGT, BBY, AZO & More
Target TGT put up mixed results in its Q4 report this morning, beating on the bottom line by +2.4% to $2.44 per share but missing on revenues by -0.21% to $30.45 billion (the retail chain posted $30.92 billion in the year-ago quarter). But raised guidance has helped move shares up +3.5% in today’s pre-market, adding to the +15.8% gains year to date.
Best Buy BBY was similarly mixed in its Q4 figures ahead of today’s opening bell, posting a nice +5.24% earnings surprise to $2.61 per share on $13.81 billion in revenues, which missed the Zacks consensus by -0.67%. Notable improvements to profitability are bringing shares up +11% in early trading, swinging to the positive in 2026 so far.
AutoZone’s AZO fiscal Q2 results marks another retailer beating on earnings — $27.63 per share versus $27.10 expected — on a slight miss on quarterly sales by -0.82% to $4.27 billion. Shares have shifted to trading down -4%, but still up double-digits year to date.
Swiss sneaker company On Holding ONON managed to beat expectations on top and bottom lines — earnings of 31 cents per share versus estimates of 26 cents on revenues of $930.9 million which surpassed projections by +1.72% — but are falling in early trading on weaker guidance.
Viking Cruise Lines VIK posted perhaps the most impressive results of the morning. Earnings of 67 cents per share outpaced the 54 cents anticipated by +24% on revenues of $1.72 billion, which bettered the Zacks consensus by +5.85% and came in nicely higher than $1.35 billion a year ago.
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. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AutoZone, Inc. (AZO) : Free Stock Analysis Report
On Holding AG (ONON) : Free Stock Analysis Report
Viking Holdings Ltd. (VIK) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Crude Oil Prices Close to 2-Year High

Tuesday, March 3rd, 2026
Wedged this morning between the U.S./Israel attack on Iran this past weekend and February jobs numbers that begin coming out Wednesday morning, pre-market futures are lower again. Yesterday, they mostly fought back to near breakeven, if not in the green, so a lower open today won’t necessarily signal doom and gloom. At this hour, the Dow is -678 points, -1.39%, the S&P 500 -94, -1.36%, the Nasdaq -456, -1.82% and the small-cap Russell 2000 -57, -2.16%.
Without much to go on regarding the duration, goals, etc. of this war (President Trump set a range from “four weeks” to “far longer”), we’ll instead look at spot oil prices, which are now up +27% from near-term lows just two weeks ago. WTI now trades at $76 per barrel (bbl) and Brent crude is currently $85/bbl — both the highest in almost two years. One of the most visibly successful changes in Trump’s first year of his second term had been lower gasoline prices, but we can expect that to change — at least for the next “four weeks.”
Big Earnings Morning Ahead of the Bell: TGT, BBY, AZO & More
Target TGT put up mixed results in its Q4 report this morning, beating on the bottom line by +2.4% to $2.44 per share but missing on revenues by -0.21% to $30.45 billion (the retail chain posted $30.92 billion in the year-ago quarter). But raised guidance has helped move shares up +3.5% in today’s pre-market, adding to the +15.8% gains year to date. For more on TGT’s earnings, click here.
Best Buy BBY was similarly mixed in its Q4 figures ahead of today’s opening bell, posting a nice +5.24% earnings surprise to $2.61 per share on $13.81 billion in revenues, which missed the Zacks consensus by -0.67%. Notable improvements to profitability are bringing shares up +11% in early trading, swinging to the positive in 2026 so far. For more on BBY’s earnings, click here.
AutoZone’s AZO fiscal Q2 results marks another retailer beating on earnings — $27.63 per share versus $27.10 expected — on a slight miss on quarterly sales by -0.82% to $4.27 billion. Shares have shifted to trading down -4%, but still up double-digits year to date. For more on AZO’s earnings, click here.
Swiss sneaker company On Holding ONON managed to beat expectations on top and bottom lines — earnings of 31 cents per share versus estimates of 26 cents on revenues of $930.9 million which surpassed projections by +1.72% — but are falling in early trading on weaker guidance. For more on ONON’s earnings, click here.
Viking Cruise Lines VIK posted perhaps the most impressive results of the morning. Earnings of 67 cents per share outpaced the 54 cents anticipated by +24% on revenues of $1.72 billion, which bettered the Zacks consensus by +5.85% and came in nicely higher than $1.35 billion a year ago. For more on VIK’s earnings, click here.
Questions or comments about this article and/or author? Click 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. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Target Corporation (TGT) : Free Stock Analysis Report
AutoZone, Inc. (AZO) : Free Stock Analysis Report
On Holding AG (ONON) : Free Stock Analysis Report
Viking Holdings Ltd. (VIK) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Markets Lower on War/Oil Uncertainty

In early trading on Tuesday, shares of Best Buy topped the list of the day's best performing components of the S&P 500 index, trading up 6.5%. Year to date, Best Buy has lost about 2.0% of its value.
And the worst performing S&P 500 component thus far on the day is Western Digital, trading down 7.6%. Western Digital is showing a gain of 44.9% looking at the year to date performance.
Two other components making moves today are Blackstone, trading down 7.4%, and Target, trading up 4.3% on the day.
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.

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