In this video from Thursday's edition of Investor Beat, host Chris Hill and Motley Fool analysts Tim Hanson and Morgan Housel dig deep into the top investing stories from the market today.
Despite being one of the best-performing stocks of 2013, Best Buy was gutted on the market today, down more than 25% after the company announced that the holiday season was both disappointing and "intensely promotional." In the lead story on today's Investor Beat, Tim and Morgan discuss what was behind the 2013 run-up for Best Buy, and just how difficult it will be for the company to continue to compete in the same space with Amazon and Wal-Mart, as well as why they don't see the stock as a value play even after today's fire sale.
Then, the guys discuss four stocks making moves today. SolarCity hit a new all-time high today after Deutsche Bank initiated coverage on the stock with a buy rating. CSX Corp fell after it reported that fourth-quarter profits had fallen by 5%. Microsoft was down a bit today, but the real story was Bloomberg's report that Ericsson CEO Hans Vestberg is now on the short list to replace Steve Ballmer later this year. And Nu Skin Enterprises fell big today, following an article in People's Daily alleging the company was running a pyramid scheme.
And finally, Morgan tells investors why MasterCard continues to dominate, and Tim discusses why HDFC Bank is one Indian bank for investors to keep on their radar.
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