Fox_Technicals

BBY: Strong Base as Best Buy Beta Rolls Out

Long
NYSE:BBY   Best Buy Co., Inc
With Best Buy launching it's new Best Buy Beta subscription in 6 states and 60 stores, the market seems to be interested in the potential here as it takes on the likes of Amazon Prime and Walmart+. The number of U.S. startups boomed nearly 25% in 2020 – to 4.3 million from 3.5 million as jobs report numbers were a massively disappointment. Could be central to a paradigm shift in the country towards entrepreneurial work. Wouldn't mind keeping this one around, especially seeing it's relative strength against the retail index ( XRT ) starting to pick up and potentially breaking out.