We recently published 11 Latest Stocks That Jim Cramer Just Talked About. Best Buy Co., Inc. (NYSE:BBY) is one of the stocks Jim Cramer recently discussed.
Electronics retailer Best Buy Co., Inc. (NYSE:BBY)’s shares have lost 13.8% year-to-date, courtesy of two massive selloffs in March and April that saw the shares dip by 13.3% and 25.8%, respectively. The March dip came as the firm cut its fiscal year 2026 revenue guidance to a midpoint of $41.5 billion from an earlier $41.8 billion. The guidance cut was due to tariffs, and unsurprisingly, the shares sank in April during the Liberation Day selloff. Cramer mentioned the impact of tariffs on Best Buy Co., Inc. (NYSE:BBY):
“You know the stock was down very badly at one point. Yeah well I mean I think that they, a lot of people feel that, their enterprise, well they have a tariff problem.”
Photo by Naomi Hébert on Unsplash
Here are Cramer’s previous comments about Best Buy Co., Inc. (NYSE:BBY):
“… Look, it’s not just Dow. We were attracted to two stocks from our Charitable Trust because of their high yields: Best Buy and Stanley Black & Decker. Best Buy would benefit from the biggest PC cycle in years because of Microsoft’s Copilot… Both stocks initially soared, same thesis. We sold Best Buy at a terrific profit… Best Buy stock now yields 5.6%, one of the highest-yielding retailers out there. In itself, though, not inspiring. The PC refresh cycle turned out to be a bust. President Trump’s tariffs will spike the price of Chinese and Korean appliances. Also, that Whirlpool can raise prices too, although judging by that hideous quarter just reported tonight by Whirlpool, where the company slashed its quarterly dividend from $1.75 to 90 cents a share, just what I’m talking about. Whirlpool needs all the help it can get. That’s not good for Best Buy. Again, I think you could be reaching for yield here. The problem is one of reassurance. If the dividend’s in jeopardy, management won’t say a word about it till they actually give you the cut.”
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
