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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.