Best Buy is an American multinational consumer electronics retailer with its HQ in California.
Best Buy sells a variety of different electronic goods from phones, video games, computers, and a variety of appliances.
However, with some early signs this week that US consumer confidence is failing will this impact Best Buy’s earnings report due out before the open on Thursday this week?
Seasonally Best Buy has a pretty strong period ahead of it with 72% of winning trades from March 01 to April 27 over the last 25 years.
However, will that seasonal play out again this year?
Major Trade Risks:
The biggest risk here is if Best Buy’s earnings show a significant slow down in consumer activity
Remember, don’t just trade it, but Seasonax it!