Investors are boosting Best Buy (BBY). The electronics giant is up more than 7% after reporting an earnings beat. The stronger than expected results were fueled by same store sales that popped a little more than 3% in the third quarter. If "showrooming" was a concern for them this time last year, they proved to have overcome it with online sales surging more than 21% last quarter.
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Caesars Entertainment (CZR), the deep in debt casino owner, is hitting the jackpot with shareholders to the tune of 9% today. This as the casino company proposed a plan to restructure all that debt, $18.4B worth, by splitting in two. They would take the 44 properties they own and form a REIT while the existing company would then operate those properties.The details were disclosed in a regulatory filing.
And finally Williams-Sonoma (WSM), the home furnishing retailer is up more than 9%. Not only did third quarter profit and sales exceed estimates, but the fourth quarter is looking better than expected. Management is very optimistic about the holiday season in part because 51% of revenues now come from its e-commerce business.
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