In a bid to recoup at least some money from returned products, Best Buy Co Inc. (NYSE:BBY) has enlisted Geek Squad to inspect “open box” merchandise and certify that those previously unwanted laptops and smartphones are fit to be resold. The company hopes customers that see a “Geek Squad Certified Open Box” sticker on a returned product will feel more comfortable that they are not purchasing a broken or defective item. Best Buy Co Inc. (NYSE:BBY) stock opened at $26.00 in last session, and closed at $26.07, while the day range of stock is $25.67 – $26.34. The stock showed a negative weekly performance of -30.61%.
Starbucks Corporation (NASDAQ:SBUX) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.54-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.56, Analyst Ratings Net reports. Starbucks Corp. also updated its FY14 guidance to $2.59-2.67 EPS. Starbucks Corporation (NASDAQ:SBUX) stock opened at $73.48, in last session and closed at $73.39, by losing -0.29%. The 52 week range of the stock is $52.52 – $82.50. Company’s market capitalization is $55.31 billion.
MGM Resorts International (NYSE:MGM)’s CEO James Murran told the Massachusetts Gaming Commission that even though all competitors have fallen by the wayside, MGM’s Springfield project is the right choice to be awarded a lucrative casino license. MGM Resorts International (NYSE:MGM) stock decreased -2.18% and finished the last session at $25.18. The EPS of the stock remained -2.74. Company’s market capitalization is $12.34 billion.
Office Depot Inc (NYSE:ODP) has attracted a fair share of bullish attention lately. At the International Securities Exchange (ISE) and Chicago Board Options Exchange (CBOE), traders have purchased to open nearly 8,400 calls during the last five sessions, compared to 105 puts. Of course, this bias toward long calls over puts is somewhat expected, due to ODP’s $5.06 stock price (which limits the potential profit for bearish bets). Office Depot Inc (NYSE:ODP) stock opened the session at $5.04, and closed the session at $5.14. The 52 week range of the stock remained $3.55 – $6.10 and the day range was $4.96 – $5.14.