Traders Ditched These 10 Stocks. Here’s Why

8. Best Buy Co Inc. (NYSE:BBY)

Best Buy tumbled by 7.27 percent on Thursday to end at $66.32 each as investor sentiment was dented by a lowered growth outlook for the rest of the year.

In a statement, Best Buy Co Inc. (NYSE:BBY) said it now expects revenues for the full 2026 fiscal year to settle between $41.1 billion and $41.9 billion, a reduction from the $41.4 billion to $42.2 billion prior guidance.

Comparable sales are expected to either dip or inch up by 1 percent, as opposed to its earlier growth target of 2 percent.

Best Buy Co Inc. (NYSE:BBY) said the updated guidance takes into account the potential impact of trade tariffs.

“Our underlying working assumptions are that tariffs stay at the current levels for the rest of the year, and there is no material change in consumer behavior from the trends we have seen in recent quarters. As you can imagine, and based on our history, we will continue to scenario-plan and adjust with agility as the situation evolves,” said Best Buy Co Inc. (NYSE:BBY) CFO Matt Bilunas.

In the first quarter of fiscal year ending May 3, 2025, revenues ended flat at $8.8 billion.