Best Buy had its Relative Strength (RS) Rating upgraded from 70 to 73 Monday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating of over 80 as they launch their biggest climbs. See if Best Buy can continue to rebound and hit that benchmark.
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While Best Buy is not near an ideal buy point right now, see if it is able to form and break out of a proper base.
Earnings grew 10% last quarter, up from 4% in the prior report. Revenue also increased, from -7% to -3%. The company is expected to report its latest performance numbers on or around Nov. 26.
Best Buy earns the No. 2 rank among its peers in the Retail-Consumer Electronics industry group. Best Buy is the No. 1-ranked stock within the group.
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