Stocks to watch: Best Buy, AutoZone

The electronics retailer beats expectations, and the auto parts dealer reports more double-digit earnings growth.

By Benzinga May 22, 2012 9:00AM
By Katey Stapleton

After a seemingly devastating resignation of some at top management, Best Buy (BBY) has reported earnings that exceeded expectations, sending its shares higher in premarket trading. The electronics retailer's revenue for the quarter moved from $11.37 billion earlier this year to $11.61 billion. BBY closed Monday at $18.17.


Automotive replacement parts company AutoZone (AZO) reported third-quarter earnings that beat analyst expectations. The company raked in $2.1 billion in net sales, with same-store sales shooting up nearly 4% for the quarter. Earnings per share increased to $6.28, posting a double-digit growth for the 23rd consecutive quarter. AZO closed Monday at $368.55.

 

DSW's (DSW) management raised guidance after a 10.9% sales increase to $558.6 million in its first quarter of 2012. Full-year earnings guidance was lifted from $3.25 per share to $3.40, with the footwear retailer approving a quarterly dividend bump from $0.15 a share to $0.18 a share. DSW closed Monday at $55.80.

 

Following great growth overseas, Salesforce.com (CRM) has decided to add more than 750 jobs throughout Europe over the next few years. The cloud-computing company has more than 20,000 customers in the country, with the number rising daily. CRM is set to host a Cloudforce event Tuesday in London, with more than 14,000 people registered to attend. The pending success of the event could foreshadow a bright future for Salesforce. CRM closed Monday at $149.05.



0Comments

DATA PROVIDERS

Copyright © 2013 Microsoft. All rights reserved.

Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.

Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.

Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

127
127 rated 1
269
269 rated 2
463
463 rated 3
588
588 rated 4
658
658 rated 5
616
616 rated 6
643
643 rated 7
431
431 rated 8
263
263 rated 9
138
138 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
COPConocoPhillips10
NWSNews Ord Shs Class B10
YHOOYahoo! Inc10
TJXTJX Companies Inc9
AMXAmerica Movil ADR Rep 20 Ord Shs Series L9
More

LATEST POSTS

Scary story: the 2013 market looks like 1987

All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.

Fidelity Brokerage Services, Member NYSE, SIPC. (c) 2011 FMR LLC. All rights reserved

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.