It looks like Best Buy (BBY) is no longer living up to its name, or so says Goldman Sachs.
Earlier today, analyst Matthew Fassler removed the electronics retail giant from the firm's closely-watched "Americas Buy" list, where he put the stock less than a month ago. During that time, Best Buy has climbed 12.4%, as the S&P 500 has fallen 3%.
But looking ahead, Fasssler sees sales during the first half of the 2016 fiscal year falling below consensus estimates as a sluggish wireless market overshadows strength in television sales. So he's downgraded Best Buy to neutral from buy. As he writes:
Our Buy thesis was based primarily on the anticipated strength of the TV cycle, coupled with BBY's powerful position in the TV space as 4K/UHD technology gains traction; this dynamic played out better than expected, as the electronics category beat our expectation for the year. However, mobile/computing disappointed, with implications for the forward as well, given an increasingly mature wireless market, an absence of new product, and an arguably fading imperative for BBY as a destination for phones as smartphone penetration has increased.
Hot Gold Stocks To Buy Right Now: Northgate Minerals Corporation(NXG)
Advisors' Opinion:- [By Shane Hupp]
Shares of NEX Group PLC (LON:NXG) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 696 ($9.21).
Hot Gold Stocks To Buy Right Now: Golden Star Resources Ltd(GSS)
Advisors' Opinion:- [By Joseph Griffin]
Get a free copy of the Zacks research report on Golden Star Resources (GSS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Golden Star Resources Ltd. (NYSEAMERICAN:GSS) was the target of a significant increase in short interest in September. As of September 28th, there was short interest totalling 10,021,831 shares, an increase of 6.9% from the September 14th total of 9,371,344 shares. Based on an average trading volume of 1,038,207 shares, the short-interest ratio is presently 9.7 days. Approximately 4.7% of the company’s shares are sold short.
- [By Max Byerly]
Get a free copy of the Zacks research report on Golden Star Resources (GSS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Golden Star Resources Ltd. (TSE:GSC) (NYSE:GSS) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$1.48.
Hot Gold Stocks To Buy Right Now: CME Group Inc.(CME)
Advisors' Opinion:- [By Joseph Griffin]
Cashme (CURRENCY:CME) traded 8.3% higher against the U.S. dollar during the 24 hour period ending at 10:00 AM ET on April 22nd. During the last seven days, Cashme has traded up 0.8% against the U.S. dollar. One Cashme coin can now be purchased for about $0.0003 or 0.00000003 BTC on popular exchanges. Cashme has a market capitalization of $0.00 and $505.00 worth of Cashme was traded on exchanges in the last day.
- [By ]
CME Group (Nasdaq: CME) is the world's largest and most diverse futures exchange group, operating in four segments -- the Chicago Mercantile Exchange, the Chicago Board of Trade, the New York Mercantile Exchange and the Commodity Exchange.
- [By Shane Hupp]
Cashme (CURRENCY:CME) traded down 0.1% against the US dollar during the 1-day period ending at 10:00 AM E.T. on August 27th. Over the last week, Cashme has traded up 55.3% against the US dollar. Cashme has a market cap of $0.00 and $0.00 worth of Cashme was traded on exchanges in the last 24 hours. One Cashme coin can currently be bought for approximately $0.0003 or 0.00000003 BTC on exchanges.
- [By Logan Wallace]
Berman Capital Advisors LLC acquired a new position in shares of CME Group Inc (NASDAQ:CME) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 276 shares of the financial services provider’s stock, valued at approximately $51,000.
- [By Max Byerly]
Commonwealth Bank of Australia raised its holdings in CME Group Inc (NASDAQ:CME) by 18.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,969 shares of the financial services provider’s stock after purchasing an additional 4,160 shares during the period. Commonwealth Bank of Australia’s holdings in CME Group were worth $4,413,000 at the end of the most recent reporting period.
Hot Gold Stocks To Buy Right Now: Orezone Gold Corp (ORE)
Advisors' Opinion:- [By Stephan Byrd]
Galactrum (ORE) is a PoW/PoS coin that uses the
Lyra2RE hashing algorithm. It launched on November 11th, 2017. Galactrum’s total supply is 2,092,679 coins and its circulating supply is 1,372,679 coins. Galactrum’s official Twitter account is @galactrum. Galactrum’s official website is galactrum.org. - [By Peter Graham]
Sandstorm's due diligence is thorough, they don't just invest in any company. They like West Africa because they understand the area and the opportunities that exist there. Sandstorm is a royalty and streaming company, so they make these investments and receive cashflow deals that often kick in much later on. But they have already established a presence in Burkina and have deals in place with larger companies like Orezone Gold (TSXV: ORE) and Endeavour Mining (TSX: EDV). Sandstorm's investment also potentially gives us access to their marketing department through something they call Launch Lab, and it looks like it will really benefit our own marketing efforts and will expose us to more opportunities over the coming year.
- [By Shane Hupp]
Galactrum (ORE) is a PoW/PoS coin that uses the
Lyra2RE hashing algorithm. It was first traded on December 13th, 2017. Galactrum’s total supply is 2,781,952 coins and its circulating supply is 2,061,952 coins. Galactrum’s official website is galactrum.org. Galactrum’s official Twitter account is @galactrum. - [By Stephan Byrd]
Galactrum (CURRENCY:ORE) traded 1.7% lower against the U.S. dollar during the 24 hour period ending at 18:00 PM Eastern on August 31st. Galactrum has a total market capitalization of $866,847.00 and approximately $5,272.00 worth of Galactrum was traded on exchanges in the last 24 hours. One Galactrum coin can now be purchased for about $0.42 or 0.00006032 BTC on major exchanges including Stocks.Exchange and Cryptopia. In the last seven days, Galactrum has traded 12.5% higher against the U.S. dollar.
- [By Jim Robertson]
Finally, Richard Seville, the CEO of Brisbane-based Orocobre Ltd (ASX: ORE) which began lithium sales in 2015 from northern Argentina and also experienced difficulty boosting output, commented that an "inability to access traditional funds has delayed the development of the sector" and that "these projects aren't easy -- so the banks just don't want to go there."
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