Sometimes, you can still win by losing, as massive electronics retailer Best Buy (BBY) discovered after the release of its earnings report. The company added 5.2% in premarket trading on Tuesday after its earnings report was released. It has given back most of those gains, as it is up only 1%. However, its performance is relatively good considering that the S&P 500 ETF (SPY) is currently down 1.5%. The news therein was not as grave as previously feared. So, is it time to buy in on Best Buy? Right now, I'm shifting to neutral.
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