Is the summer season time for Best Buy stock to gain? With Fed’s Powell keeping a dovish holding hand at the last FOMC does this mean that stocks can have another push higher?
Over the last 10 years, Best Buy has risen a total of 6 times in 10 years between July 29 and September 18 with an average return of +6.05%. The largest gain was in 2013 with a 35.92% gain.
Major Trade Risks: If the Fed announces that they are starting to consider bond tapering at the August Jackson Hole Symposium then watch out for a correction in stocks.
Best Buy Co. Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota.