About
Information is our nourishment. Say hello to the data gods.
Meet Our Team
Consumers speak. We listen, analyze, and dig deep. You win!
Learn More
Solutions
Get targeted insights into industry trends with our quarterly sector reports, so you can predict the future and stay a step ahead.
Learn More
Receive alerts and reports to power your fund management. Partner with our team of analysts to take your research to the next level.
Learn More
Plug our consumer-demand-data directly into your client-facing software, tools, and platform or work with us to create custom, high-value content your customers will love.
Learn More
Testing our data is like jumping in a time machine to compare market gains and losses against reliable and annotated historical data.
Learn More
Track specific tickers, receive alerts, and watch sector-specific trends. Drill down on individual stocks and see where consumer sentiment aligned with gains and losses in trading.
Learn More
Who We Serve
LikeFolio is your real-time focus group keeping you connected to consumers and giving you a critical edge over your competition.
Learn More
LikeFolio is your research secret weapon to sniff out game-changing shifts in the market before they happen.
Learn More
LikeFolio is source of quantitative data based upon real consumer insights to power your investment engine.
Learn More
LikeFolio is your content pipeline positioning your tool as an indispensable resource to your customers.
Learn More
LikeFolio has partnered with Tradesmith to build Derby City Insights and bring our powerful insights engine to private investors.
Learn More

Are we still Bullish on Best Buy?

January 28, 2021

Best Buy (BBY)

In December, we issued a Bullish Opportunity Alert for Best Buy because of surging consumer demand, driven by YoY strength across multiple product categories including Gaming (+716%), Computers (+46%), TVs (+35%) and Peripherals (+34%).

Mentions revealed a true shift to an omni-channel model, allowing consumers to begin a transaction journey online and pick-up in store as quickly as they needed.

Now, 21Q4 is wrapping up --the quarter ends Jan. 30. -- and demand is on pace for +66% YoY & QoQ growth.

quarterly consumer demand for Best Buy

This is an incredible view. Even though the company won't report earnings for a few weeks, we can anticipate whether consumer demand will come up short or exceed expectations. Our data suggests momentum is building.

Digital Purchase Intent Mentions support the hybrid model success Best Buy's CEO touted earlier this year:

"Even as our online sales ramped — and, as of Q3, they were up 175%-ish — 40% of those sales were still being picked up either in our stores or curbside... So, there was this real demand to be able to come to the store to get this item when I wanted it, where I wanted it and as fast as I wanted it."

We'll revisit this name again ahead of its official earnings announcement, but right now...

Related Posts

How Black Friday Social Data Predicts Stock Performance

Black Friday and Cyber Monday -- this upcoming weekend is […]

Read More
Black Friday Flash: Which Retailers Won With Consumers On Thanksgiving?

Black Friday Weekend (leading into Cyber Monday) can make or […]

Read More
Best Buy (BBY) Earnings Post-Mortem

Best Buy (BBY) This morning Best Buy (BBY) reported record-high sales […]

Read More
1 2 3

Related Posts

KEEP YOUR COMPETITIVE EDGE

Get FREE insights in your inbox every week with the Daily Drop.

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

Partner Sites

©2022 LikeFolio. All Rights Reserved.
Privacy Policy
|
Terms of Use
LikeFolio userslaptop-phonepie-chartchart-barsselect