In the following video, Motley Fool consumer-goods analysts Blake Bos and Isaac Pino discuss some beaten-down retailers that took off today. Shares of Best Buy (NYSE:BBY) were up on news that the stock had received upgrades from a couple of analysts, and Office Depot (NASDAQ:ODP) and OfficeMax (UNKNOWN:OMX.DL) were in talks about a possible merger, leading to a jump in shares of office-supply retailers across the sector. Blake and Isaac discuss why analyst upgrades should be taken with a grain of salt, share why the electronics retailer sector may not be dead after all, and tell us what they think of the office-supplies sector as a whole.
Blake Bos owns shares of RadioShack and has Long Jun 2013 $14 Calls on Best Buy. Isaac Pino, CPA has no position in any stocks mentioned. The Motley Fool owns shares of RadioShack and Staples and is also short RadioShack. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.