Jim Cramer Believes “Best Buy Will Be Okay”

BBY +3.62% KSS +4.73% DKS +2.88%

Best Buy Co., Inc. (NYSE:BBY) is one of the stocks on Jim Cramer’s game plan for the week. Cramer discussed the effect of tariffs on the company, as he remarked:

“We have a slew of important earnings on Tuesday from a host of industries. In the morning, for example, we get results from Kohl’s, Best Buy, and DICK’S Sporting Goods. What am I hearing?… Best Buy will be okay. Probably hurt by higher interest rates and tariffs, although that should be offset by a PC refresh cycle.”

A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels

Best Buy Co., Inc. (NYSE:BBY) sells technology products, electronics, appliances, and entertainment items, along with related services like delivery, installation, and technical support. Cramer mentioned the company during the September 30 episode and said:

“Now, I wrote How to Make Money in Any Market over a period of two years. In the chapter on dividend stocks, I initially included Stanley Black & Decker and Best Buy as interesting prospects. Now, I think both of these are well-run companies, and they yield 4.5 and 5%, respectively. I took them out, though in the next pass, because unlike the food stocks, which really don’t even need a strong economy to make big money, Best Buy and Stanley Black & Decker actually need strong consumer growth and tariff relief.

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Disclosure: None. This article is originally published at Insider Monkey.