Best Buy shares are trading higher on continued strength after the company yesterday reported better-than-expected Q1 EPS results and reaffirmed FY24 guidance. Shares are also higher amid overall market strength on hopes of a debt ceiling resolution.
Portfolio Pulse from Bill Haddad
Best Buy shares are trading higher following better-than-expected Q1 EPS results and reaffirmed FY24 guidance. The stock is also benefiting from overall market strength due to hopes of a debt ceiling resolution.
May 26, 2023 | 6:21 pm
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Best Buy's stock is trading higher due to better-than-expected Q1 EPS results, reaffirmed FY24 guidance, and overall market strength.
Best Buy reported better-than-expected Q1 EPS results and reaffirmed its FY24 guidance, which indicates a positive outlook for the company. Additionally, the overall market strength due to hopes of a debt ceiling resolution is contributing to the stock's upward movement.
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