Can Best Buy Bounce Back?
The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill and Motley Fool analysts Mike Olsen and Taylor Muckerman take a Foolish deep dive into the biggest investing stories of the day.
To the surprise of bears everywhere, prior to its earnings release yesterday,Best Buy was the best-performing stock of the S&P 500 for 2013. The company's Q3 profit looked good, although revenue came in a bit light. But is this stock-price run-up a lot of enthusiasm over a company that is fundamentally in trouble at its core? In this segment, our analysts take a look at Best Buy, why it has been such a strong performer in 2013, and whether this is an actual turnaround or just temporary market excitement.
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Chris Hill, Michael Olsen, CFA, and Taylor Muckerman have no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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