What These 3 Key Retail Stocks' Mixed Signals Really Mean
Like many retail stocks this year, Best Buy (NYSE: BBY) recently reported poor first-quarter numbers and remained pessimistic about the rest of the year. Meanwhile, fellow retailers Walmart (NYSE: WMT) and Target (NYSE: TGT) reported better first-quarter numbers, and shares of those companies cratered. Best Buy's first-quarter report showed that sales fell 8.5% from the same quarter last year.