Best Buy (BBY) stock jumped Tuesday after the consumer electronics retailer reported much better than expected sales and earnings for its fiscal second quarter ended Aug. 2. It also announced a deeper partnership with Apple (AAPL) to sell Apple Watch and other products. Best Buy was up 16%, near 34, in midday trading in the stock market today after falling to a 14-month low below 33 early during Monday’s stock market route. The Richfield,
A sharp slowdown in smartphone sales in China prodded research firm IDC to cut its 2015 growth estimates, with India now seen as a key market for growth. IDC now expects smartphone shipments of 1.44 billion units in 2015, up 10.4% from last year. It had been forecasting 11.3% growth. The IDC outlook is comparable to a report last week from research firm Gartner. It said global smartphone sales last quarter rose by the slowest quarterly rate since
Following a three-day plummet, stocks popped at the open, with several top drugmakers making a climb. Today’s Screen of the Day focuses on Top Sector Performers. Over half of a stock’s price move can be attributed to the strength of its industry subgroup and sector. Biotech Gilead Sciences (GILD) develops treatments for HIV/AIDS, liver diseases, heart disease and other life-threatening illnesses. Its blockbuster hepatitis C treatments, Sovaldi and