Best Buy’s Social Media Buzz Is Trending In The Wrong Direction

With Best Buy Co Inc BBY 0.54% shareholders looking ahead to the company’s Q2 earnings due out before the market open on Tuesday, the latest data from TickerTags indicates the company’s social media buzz has taken a big hit.

TickerTags monitors social media sites to identify trends by searching for words and phrases that appear together in social media content, such as tweets.

Adjusting for a spike in mentions in Q2 2015 when Best Buy briefly sold $200 gift cards on its website for $15, total social media mentions of Best Buy were down 28 percent year-over-year in Q2.

In addition mentions of Best Buy in relation to its top product segments were all down more than 20 percent including TVs (-30 percent), phones (-24 percent), computers (-30 percent), cameras (-23 percent) and gaming (-31 percent).

Even mentions of the company’s popular Geek Squad tech service were down 19 percent in Q2.

While these trends are certainly disturbing for Best Buy investors, there is…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!