Best Buy Co., Inc. (BBY Quick QuoteBBY - Free Report) was a big mover last session, as the company saw its shares rise above 6% on the day. The upside was driven by the company’s better-than-expected earnings reported in the fourth quarter of 2016. Also, this led to far more shares changing hands than in a normal session. This shows a sharp pickup from the fall in Mar 1 and the overall volatility witnessed over the past one-month time frame.

The company has seen four positive estimate revisions in the past 30 days and its Zacks Consensus Estimate also moved higher over the same timeframe, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

Best Buy currently holds a Zacks Rank #2 (Buy).

Best Buy Co., Inc. Price

 

Best Buy Co., Inc. Price | Best Buy Co., Inc. Quote

Another favorably ranked stock in the broader Retail space is Alibaba Group Holding Limited (BABA Quick QuoteBABA - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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