BEST BUY IS THE ‘BEST BUY’
While maybe not the best performing stock on the market right now, electronics vendor Best Buy soared on Tuesday, hitting a 10 month high with a 16% increase in share price. Investors had forecasted a much lower turnout for Best Buy and were impressed with how well it had done. While smartphone and video game purchases declined, the demand for bigger items such as refrigerators and dishwashers increased massively, contributing to the boom that Best Buy is experiencing. In a landscape of struggling retail stores such as Target and Macy’s, Best Buy’s success is one to be envied.