Will Amazon Really Take Over the World, or Will These Retailers Survive?
Maybe these brick and mortar retailers aren't dead after all.
In the following video, Motley Fool consumer goods analyst Blake Bos takes a look at Best Buy's (NYSE:BBY) jump, after receiving an upgrade from Jefferies to a buy with a $24 price target. Blake reminds investors that, while the boost you get when a stock gets an upgrade is always nice, it's the company itself that is going to drive the stock in the long run. He takes a look at some ways the company is changing, cutting costs, and stabilizing, and discusses how the market's perception as a whole of stocks like Best Buy and RadioShack (OTC:RSHCQ) may be changing. These companies may not be doomed to be swallowed up by the shift from retail to e-tail after all.