Research Reports Initiation on Services Stocks -- Best Buy, GameStop, Conn's, and Avnet

NEW YORK, February 1, 2017 /PRNewswire/ --

Stock-Callers.com today explores the global Services sector, which continued to grow at a modest pace in January due to stable business confidence and steady levels of price growth. According to a World Economics report, sales of services and consumer goods are now at their highest level for 12 months with a Sales Growth Index reading of 57.5 in January. We take a closer look at the following equities and see how they have fared over the last few trading sessions: Best Buy Co. Inc. (NYSE: BBY), GameStop Corp. (NYSE: GME), Conn's Inc. (NASDAQ: CONN), and Avnet Inc. (NYSE: AVT). Learn more about these stocks by downloading their free report at:

http://stock-callers.com/registration

Best Buy  

Richfield, Minnesota headquartered Best Buy Co. Inc.'s stock finished Tuesday's session 0.68% higher at $44.52 with a total trading volume of 4.56 million shares. The Company's shares have advanced 3.37% in the past month, 15.49% over the previous three months, and 4.34% on an YTD basis. The stock is trading above its 200-day moving average by 20.56%. Furthermore, shares of Best Buy, which operates as a retailer of technology products, services, and solutions in the US, Canada, and Mexico, have a Relative Strength Index (RSI) of 51.67. The free research report on BBY is available at:

http://stock-callers.com/registration/?symbol=BBY

GameStop  

Shares in Grapevine, Texas headquartered GameStop Corp. ended at $24.49, up 1.28% from the last trading session. The stock recorded a trading volume of 1.60 million shares. The Company's shares have gained 4.00% in the previous three months. The stock is trading 1.02% below its 50-day moving average. Moreover, shares of GameStop, which operates as an omnichannel video game retailer, have an RSI of 51.66.

On January 15^th, 2017, GameStop announced that it has reserved all of its first allotment of Nintendo Switch systems. The retailer began taking reservations for the Nintendo Switch online and in its more than 3,900 stores nationwide. The $299.99 Nintendo Switch will ship and be available for pick-up on its March 03^rd, 2017 launch day.

On January 17^th, 2017, research firm Mizuho reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $35 a share to $33 a share. The complimentary report on GME can be downloaded at:

http://stock-callers.com/registration/?symbol=GME

Conn's  

The Woodlands, Texas-based Conn's Inc.'s stock ended yesterday's session 2.93% higher at $10.55 with a total trading volume of 447,037 shares. The Company's shares have advanced 10.01% in the previous three months. The stock is trading 5.52% above its 200-day moving average. Additionally, shares of Conn's, which operates as a specialty retailer of durable consumer goods and related services in the US, have an RSI of 37.66.

On January 13^th, 2017, Conn's announced that it has achieved another major milestone in the transformation of its business with the appointments of three important executives across the Company's Retail, Logistics, and Service divisions. Within Retail, the Company has named Coleman R. Gaines as President and Chief Operating Officer. Gaines previously spent seven years at TMX Finance in Savannah, Georgia, a consumer retail finance company that served subprime consumers, and was most recently the Company's Executive Vice President of Store Operations. Additionally, Conn's announced the appointments of Casey Chung as Vice President of Logistics and David Hutchinson as Vice President of Service. Chung brings over 20 years of logistics business experience to Conn's, most recently serving as Vice President of Logistics for Caleres in Lebanon, TN, the parent company to Famous Footwear. The Company added that Hutchinson has nearly two decades of experience in sales and operations roles with an emphasis on creating an innovative customer service experience for major retailers including The Home Depot and Sears. Visit us today and download our complete research report on CONN for free at:

http://stock-callers.com/registration/?symbol=CONN

Avnet  

At the close on Tuesday, shares in Phoenix, Arizona headquartered Avnet Inc. recorded a trading volume of 780,894 shares. The stock finished 0.06% lower at $46.44. The Company's shares have gained 12.11% in the previous three months. The stock is trading above its 200-day moving average by 9.32%. Furthermore, shares of Avnet, which together with its subsidiaries, distributes electronic components, enterprise computer, networking and storage products and software, IT solutions and services, and embedded subsystems in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific, have an RSI of 46.13.

On January 26^th, 2017, Avnet posted sales of $4.274 billion for Q2 FY17, up 2.7% compared to sales of $4.161 billion for Q2 FY16. The Company's adjusted operating income totaled $164.5 million in Q2 FY17 compared to adjusted operating income of $152.5 million in Q2 FY16. Avnet's adjusted net income amounted to $100.8 million, or $0.77 per diluted share, compared to adjusted net income of $101.3 million, or $0.75 per share, in Q2 FY16. Get free access to your technical report on AVT at:

http://stock-callers.com/registration/?symbol=AVT

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