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Best Buy (BBY): Electronics Demand Despite Inflation

“Best Buy (BBY) electronics demand held up to expectations. The company beat earnings forecasts and the BBY stock price surged. The company saw some inflationary pressures and the company resumed its share buyback program. Investors are liking that the earnings report is not as bad as expected. Also, Dollar Tree (DLTR) stock price fell after beating expectations,” says Renita Young.

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