Services Stocks Technical Reports -- Best Buy, GameStop, Avnet, and Conns

Aug 30, 2016, 07:40 ET from Chelmsford Park SA

NEW YORK, August 30, 2016 /PRNewswire/ --

Stock-Callers.com is currently reviewing these four U.S. Services equities: Best Buy Co. Inc. (NYSE: BBY), GameStop Corp. (NYSE: GME), Avnet Inc. (NYSE: AVT), and Conns Inc. (NASDAQ: CONN). According to Markit Economics, activities in the services sector weakened this month, with the flash PMI (Purchase Manager's Index) at 50.9, for August. Download the free research reports on these stocks today:

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Let us see how the aforementioned stocks performed at the last closing bell:

Best Buy  

Shares in Richfield, Minnesota headquartered Best Buy Co. Inc. ended Monday's session at $39.02, which was a drop of 1.17%. The stock recorded a trading volume of 5.67 million shares, which was above its three months average volume of 5.50 million shares. The Company's shares have surged 16.13% in the last one month, 22.43% in the previous three months, and 32.23% on an YTD basis. The stock is trading 19.30% above its 50-day moving average and 26.37% above its 200-day moving average. Moreover, shares of Best Buy, which operates as a retailer of technology products, services, and solutions in the US, Canada, and Mexico, have a Relative Strength Index (RSI) of 73.47.

On August 23rd, 2016, Best Buy reported GAAP diluted earnings per share from continuing operations of $0.56 for Q2 FY17, an increase of 22% from $0.46 in Q2 FY16. Non-GAAP diluted earnings per share from continuing operations were $0.57, an increase of 16% from $0.49 in Q2 FY16. The company noted that domestic revenue of $7.9 billion increased 0.1% versus last year driven by comparable sales growth of 0.8%, while International revenue of $644 million declined 1.0%.

On August 24th, 2016, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $36 a share to $42 a share. See our free and comprehensive research report on BBY at:

http://stock-callers.com/registration/?symbol=BBY

GameStop  

Grapevine, Texas headquartered GameStop Corp.'s stock climbed 0.80%, closing the day at $28.97. A total volume of 4.40 million shares was traded, which was above their three months average volume of 2.97 million shares. The Company's shares have advanced 0.86% in the previous three months and 5.87% since the start of this year. The stock is trading 0.75% below its 50-day moving average. Additionally, shares of GameStop, which operates as an omnichannel video game retailer, have an RSI of 42.26.

On August 25th, 2016, GameStop reported that total global sales decreased 7.4% on y-o-y basis to $1.63 billion in Q2 2016, while consolidated comparable store sales declined 10.6%. GameStop's net earnings for Q2 2016 were $27.9 million, or $0.27 per diluted share, compared to diluted earnings per share of $0.24 in the prior year's quarter. Non-GAAP earnings for the quarter were $27.9 million, or $0.27 per diluted share, compared to non-GAAP earnings of $33.1 million, or $0.31 per diluted share, in the prior year's quarter. GME free research report PDF is just a click away at:

http://stock-callers.com/registration/?symbol=GME

Avnet  

On Monday, shares in Phoenix, Arizona headquartered Avnet Inc. recorded a trading volume of 762,797 shares. The stock ended the day 0.94% higher at $41.95. The Company's shares have gained 2.07% in the past month and 2.66% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 2.64% and 0.73%, respectively. Furthermore, shares of Avnet, which together with its subsidiaries, distributes electronic components, enterprise computer, networking and storage products and software, IT solutions and services, and embedded subsystems in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific, have an RSI of 58.75.

On August 10th, 2016, Avnet reported sales of $6.2 billion for Q4 2016, down 8% on y-o-y basis and consistent with outlook. The company reported diluted earnings per share of $0.75, compared to diluted earnings per share of $1.15 in Q4 2015. During Q4 2016, Avnet repurchased $46.8 million in stock and paid $21.6 million in dividends. Sign up for your complimentary report on AVT at:

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Conns  

The Woodlands, Texas-based Conns Inc.'s stock saw a decline of 1.19%, finishing yesterday's session at $6.62 with a total trading volume of 291,557 shares. Shares of the Company, which operates as a specialty retailer of durable consumer goods and related services in the US, are trading below their 50-day moving average by 8.19%. The stock has an RSI of 35.11.

On August 25th, 2016, Conns announced that it will host a conference call on September 8th, 2016, to discuss its Q2 FY17 financial results. The conference call will begin at 11:00 A.M. ET. A press release regarding the operating results will be released the same day before the market opens. Register for free on Stock-Callers.com and download the latest research report on CONN at:

http://stock-callers.com/registration/?symbol=CONN

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