S&P 500 Winners: Best Buy and 2 Stocks Defying Market Gravity
The S&P 500 (NYSEARCA:SPY) is down today by 2.62% and stands at 11,851. The following S&P 500 stocks are among the few positive performers today.
Best Buy Co. (NYSE:BBY): Best Buy announced on Monday that it will pay $1.3 billion to buy out Carphone Warehouse’s 50 percent stake in their joint venture. The shares recently traded at $27.35, up $0.49, or 1.79%. They have traded in a 52-week range of $21.79 to $45.63. Volume today was 6.844,054 million versus a 3-month average volume of 6,963,820 shares. The company’s trailing P/E is 9.18, while trailing earnings are $2.99 per share.
Yahoo! Inc. (NASDAQ:YHOO): Yahoo saw its shares rise in after hours trading on Tuesday after rumors were swirling that Softbank (SFTBY.PK) and Alibaba.com Ltd. (ALBCF.PK) are in discussions with private equity funds to make a potential bid for all of the company. The shares recently traded at $16.14, up $0.17, or 1.13%. They have traded in a 52-week range of $11.09 to $1884. Volume today was 28,206,651 shares versus a 3-month average volume of 35,463,300 shares. The company’s trailing P/E is 19.61, while trailing earnings are $0.82 per share.
Supervalue Inc.(NYSE:SVU): Supervalue is part of the conversation for a potential acquisition or a break-up as it tries to shed debt from its 2006 acquisition of Albertson stores. The shares recently traded at $7.97, down $0.05, or 0.62%. They have traded in a 52-week range of $6.26 to $11.77. Volume today was 5,273,696 shares versus a 3-month average volume of 6,603,103 shares. The company’s trailing P/E is 60.38, while trailing earnings are $0.03 per share.
Investing Insights: Will Cisco Continue to Outperform After Earnings?