Best Buy Co., Inc. (NYSE:BBY) is one of the stocks Jim Cramer shared insights on. During the episode, Cramer called it one of the “highest-yielding retailers.” He remarked:
“… 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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Best Buy (NYSE:BBY) provides technology products, including computers, mobile devices, appliances, electronics, and smart home items. The company also delivers services such as installation, repairs, tech support, and health-related solutions.
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Disclosure: None. This article is originally published at Insider Monkey.
