TheStreet’s Action Alerts PLUS Co-Portfolio Manager Jim Cramer says if you see a stock down as much as Best Buy, wait for the second day of trading before making a decision to buy. Analysts who were bullish on Best Buy shares through the $30 level were optimistic there would be no real gross margin degradation and same-store sales would be up. Instead, the opposite happened and analysts are now saying Best Buy is more like Amazon. If you really think the company is making a comeback, wait until tomorrow to buy shares of Best Buy.
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