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Still, volatility sometimes creates buying opportunities.
If youve been considering buying Best Buy stock, does now offer a good opportunity to buy?
Heres what stock experts have to say aboutbuying this stock amid the tariff drama.
The stock is currently trading below its fair value, said John Murillo, chief dealing officer ofB2BROKER.
Best Buy also has a low price-to-earnings ratio of just 9.35, according toMorningstar.
Best Buy faces harsh headwinds since most of its retail items are imported from China, he said.
That said, it remains to be seen exactly how those tariffs will unfold.
Javier Palomarez, CEO of theU.S.
Hispanic Business Council, pointed out just how quickly the tariff rules keep changing.
Just beware that trying to predict the final tariff tally remains pure speculation at this point.
Con: Higher Recession Risk
Electronics retailers like Best Buy arevulnerable to recessions.
Best Buy has been lagging behind investors expectations for many quarters in a row, Murillo said.
Their fiscal year 2024 sales came in at $13.9 billion, posting a drop of 5%.
David Capablanca, stock trader and host of The Friendly Bear podcast, also sees reason for pessimism.
Best Buy could end up like Blockbuster Video in the early 2000s, just phasing out.
Market timing is extremely difficult, even for professionals.
Instead,consider dollar-cost averaging.
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