Here's the level to start buying Best Buy after its post-earnings surge

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Retail Industry समाचार

Breaking News: Business,Costco Wholesale Corp,Best Buy Co Inc

The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. The S & P 500 and Nasdaq Composite declined Friday as Wall Street parses through a slew of fresh economic data. The personal consumption expenditures price index – the Federal Reserve's preferred inflation gauge – for April was mostly in-line with expectations.

New investors may consider buying Best Buy if shares fall another $1, Jim Cramer said, as the stock was trading around $80 apiece. "If you missed it, start buying ... because this could be a multi-quarter move," Jim said. Costco Wholesale shares fell 2.3% Friday, which Jim described as profit taking following a quality quarterly print. The retail giant posted an earnings and revenue beat on Thursday evening.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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