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

NEW YORK, December 29, 2016 /PRNewswire/ --

In today's pre-market research, Stock-Callers.com brings investors' attention back to the Services, or tertiary sector, which provides services such as retail, banking, lodging, real estate, education, and health, among many others. Equities under evaluation are: Best Buy Co. Inc. (NYSE: BBY), GameStop Corp. (NYSE: GME), Conn's Inc. (NASDAQ: CONN), and Arrow Electronics Inc. (NYSE: ARW). You can access our complimentary research reports on these stocks now at:

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Best Buy

Richfield, Minnesota headquartered Best Buy Co. Inc.'s shares saw a decline of 2.32%, finishing Wednesday's trading session at $43.71. A total volume of 4.62 million shares was traded. In the previous three months and since the start of this year, the stock has advanced 16.70% and 50.13%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 1.58% and 23.08%, 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 40.23.

On December 02^nd, 2016, Best Buy announced its first ever Special Edition Tech collection, a set of 11 limited-quantity tech gadgets - most of which are available only at Best Buy. This list of gadgets includes an exclusive Shinola turntable, a Bazooka-pink kate spade new york activity tracker, a Lenovo Yoga laptop individually numbered with a painted depth glass cover and more. These products will be available in select Best Buy stores and most will be available at BestBuy.com.

On December 07^th, 2016, research firm Loop Capital initiated a 'Buy' rating on the Company's stock, with a target price of $58 per share. Visit us today and download your complete report on BBY for free at:

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GameStop

On Wednesday, shares in Grapevine, Texas headquartered GameStop Corp. recorded a trading volume of 1.72 million shares, and ended the session 2.62% lower at $25.27. The stock has gained 1.98% in the last one month. The Company's shares are trading 4.93% above their 50-day moving average. Furthermore, shares of GameStop, which operates as an omnichannel video game retailer, have an RSI of 50.56.

On November 23^rd, 2016, GameStop reported that Q3 2016 total global sales decreased 2.8% to $1.96 billion, while consolidated comparable store sales declined 6.5%. The Company's non-GAAP digital receipts rose 13.2%, to $258.9 million and GAAP digital sales increased 11.8%. GameStop's net earnings for Q3 2016 were $50.8 million, or $0.49 per diluted share, compared to net earnings of $55.9 million, or $0.53 per diluted share, in Q3 2015.

On December 23^rd, 2016, research firm Mizuho initiated a 'Buy' rating on the Company's stock, with a target price of $35 per share. The complimentary research report on GME can be accessed at:

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Conn's

Shares in The Woodlands, Texas-based Conn's Inc. closed at $12.55, dropping 4.20% from the last trading session. The stock recorded a trading volume of 378,710 shares. The Company's shares have gained 11.56% in the last one month and 18.62% over the previous three months. The stock is trading 12.61% and 23.25% above its 50-day and 200-day moving averages, 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 50.45.

On December 14^th, 2016, Conn's announced that George Bchara has been appointed Vice President and Chief Accounting Officer, effective December 14^th, 2016. Bchara will succeed Mark Haley who will remain with the Company for 120 days to ensure a smooth and seamless transition. In his role, Bchara will be responsible for managing the Company's accounting, financial reporting, and tax functions. Bchara will report directly to Lee Wright, the Company's Executive Vice President and Chief Financial Officer. Register for free on Stock-Callers.com and download the PDF research report on CONN at:

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Arrow Electronics

At the closing bell yesterday, shares in Centennial, Colorado-based Arrow Electronics Inc. ended 0.61% lower at $72.00. A total volume of 886,901 shares was traded, which was above their three months average volume of 441,330 shares. The stock has advanced 5.53% in the last one month, 12.76% in the previous three months, and 32.89% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 8.49% and 11.61%, respectively. Furthermore, shares of Arrow Electronics, which provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide, have an RSI of 68.58.

On December 23^rd, 2016, Arrow Electronics announced that the Company has amended its revolving credit facility, extending its maturity to December 2021 and its capacity to $1.8 billion. The credit facility previously matured in December 2018 and totaled $1.5 billion. Get free access to your research report on ARW at:

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