i expect weaker consumer spending over at Best Buy
$Best Buy(BBY.US$ When big departmental retailers like $Target(TGT.US$ reported earnings and the stock plummeted on weaker consumer spending, i think we could see shockwaves in other retail related stocks as well. Of course, there are exceptions but in most cases, one can likely expect lackluster stock price movement and guidance after these retailer companies report earnings.
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10baggerbamm : just some food for thought.. because of all the new computers that are coming out desktop laptop notebook tablet cell phones that incorporate AI their forward guidance is going to be spectacular. Dan Ives said that this is a transitional moment and you are going to see a complete replacement of every cell phone every tablet every notebook every desktop computer that people have just like Dell is killing it and you'll get their numbers after the Bell today you're going to see Best buy also give four guidance it's very bullish.
DwarfCo OP 10baggerbamm : interesting take on this
10baggerbamm : well there you have it I told you all with Dan Ives said and the ai pcs are going to be revolutionary it is a complete product shift from everything on the market which becomes functionally obsolete and the CEO of Best buy came out and said it that they will have them in stock for school shipments in the fall ready for delivery and on that news the stock is going vertical it's up six and a half dollars
DwarfCo OP 10baggerbamm : thank you for sharing with us your input
Laurence john tawil : how tf if you have a put and are making money when bby is up 11%
DwarfCo OP Laurence john tawil : i did not make any profits from this put option. Took a loss on this.
Matthew Sturm 10baggerbamm : I disagree, people will not change their tech unless it brakes.
10baggerbamm : well you can disagree but historically when there is evolution people do upgrade. and if it's not something that you want to do it's something that's forced upon you because the next generation of apps do not run on obsolete computers. I still have sitting in my basement 486 DX computers they still function but what are you going to use them for their paperweights. look at the history of Apple iPhone 1 iPhone 2 iPhone 3 and so on everybody rushes to upgrade it's only been recently that the features on the next phone are very minimal and that's why their sales have kind of plateaued recently but now you have June they're major announcements where they're going to integrate maybe probably will find out AI into the next gen of phones which will cause a significant upgrade movement.