Best Buy (BBY)-Pre-market report on Tuesday, November 23

$Best Buy (BBY.US)$ $Target (TGT.US)$ $Walmart (WMT.US)$
Wall Street expects Best Buy to earn $1.89 per share on revenue of $11.53 billion. In comparison, revenue in the same period last year was 11.85 billion U.S. dollars, and earnings per share were 2.06 U.S. dollars.

Highlights: The strong financial reports of physical retailers such as Target (TGT) and Wal-Mart (WMT) prove that they can use their scale and execution capabilities to withstand the adverse effects of the epidemic crisis. Best Buy also falls into this category. Due to high consumer demand for electronic products, Best Buy is expected to announce not only strong third-quarter results, but also upward guidance for the holiday season.

Thanks to the investment in omnichannel products and the transformation of the supply chain, this technology-focused retailer successfully distinguished itself from its competitors. But with the stock currently approaching its all-time high of around $137, it seems that all the good news has been digested. Is it time to take profit and move on?