Services Stocks Under Scanner -- Best Buy, GameStop, Avnet, and Conn's

NEW YORK, November 22, 2016 /PRNewswire/ --

Activity in the U.S. Services sector grew for an eighth straight month in October, with Markit Economics' services purchasing managers index rising to 54.8 from 52.3 in September - the fastest pace of expansion since November 2015. Given this reading, Stock-Callers.com directs attention back to four equities to see how they have fared over the last few trading sessions: Best Buy Co. Inc. (NYSE: BBY), GameStop Corp. (NYSE: GME), Avnet Inc. (NYSE: AVT), and Conn's Inc. (NASDAQ: CONN). You can access of our complimentary research reports on these stocks now at:

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Best Buy  

At the close on Monday, shares in Richfield, Minnesota headquartered Best Buy Co. Inc. rose 1.92%, ending the day at $45.65. The stock recorded a trading volume of 7.40 million shares, which was higher than its three months average volume of 6.30 million shares. The Company's shares have advanced 15.69% in the last one month, 17.23% over the previous three months, and 55.85% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 17.35% and 35.70%, respectively. Moreover, 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 71.86.

On November 18th, 2016, Best Buy's Board of Directors authorized the payment of a regular quarterly cash dividend of $0.28 per common share. The quarterly dividend is payable on December 29th, 2016, to shareholders of record as of the close of business on December 8th, 2016.

On November 18th, 2016, research firm Wedbush reiterated its 'Underperform' rating on the Company's stock with an increase of the target price from $20.50 a share to $24.50 a share. Visit us today and download your complete report on BBY for free at:

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GameStop  

Shares in Grapevine, Texas headquartered GameStop Corp. ended the day flat at $23.46 and with a total trading volume of 2.24 million shares. The stock is trading below its 50-day moving average by 6.83%. Shares of the Company, which operates as an omnichannel video game retailer, have an RSI of 48.39.

On November 02nd, 2016, GameStop announced selected estimated preliminary financial results Q3 2016 and updated full year 2016 guidance. GameStop expects to report Q3 2016 revenue of approximately $2.0 billion, resulting in comparable store sales of -7.0% to -6.0% and Q3 2016 diluted earnings per share estimated to be in the range of $0.45 to $0.49. The company noted that this information may differ from the actual results to be reported on November 22nd, 2016, due to final adjustments that may be booked during the financial closing process.

On November 03rd, 2016, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $35 a share to $30 a share. The complimentary research report on GME can be accessed at:

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Avnet  

On Monday, shares in Phoenix, Arizona headquartered Avnet Inc. finished 0.55% higher at $45.39 with a total trading volume of 942,466 shares. The stock has advanced 8.05% in the last one month, 9.72% over the previous three months, and 7.27% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 8.43% and 9.57%, respectively. Additionally, 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 76.34.

On November 15th, 2016, Avnet launched a managed security service program, known as Recon™, for partners in the U.S. and Canada. The new service provides partners with a way to easily offer their customers 24x7x365 security monitoring and management. Recon is designed to enhance partners' practices and margins in the security and services markets. Register for free on Stock-Callers.com and download the PDF research report on AVT at:

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Conn's  

The Woodlands, Texas-based Conn's Inc.'s shares recorded a trading volume of 301,727 shares at the end of yesterday's session and closed the day at $11.10, gaining 3.26%. The stock has advanced 13.03% in the last one month and 60.87% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 11.25% and 3.77%, respectively. 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 60.52.

On October 13th, 2016, Conn's announced that it has closed its transaction to sell the Class C Notes issued under the securitization transaction announced on March 21st, 2016. The face amount of the Class C Notes sold is approximately $70.5 million. The Class C Notes were issued with a 12% coupon rate. Get free access to your research report on CONN at:

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