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The Home Depot

Best Buy 2Q performance beats analysts' expectations

Best Buy's turnaround is charging ahead. The nation's largest consumer electronics chain posted fiscal second-quarter results that handily beat analysts' estimates as shoppers picked up major appliances, large screen televisions and mobile phones. The stock surged more than 14 percent in midday trading Tuesday. Best Buy's results are benefiting from an overall shift in consumer spending toward big ticket items in the home amid improving home values. Business is also being helped by an explosion of new gadgets like Apple watch, which will be rolled out to all of Best Buy's big-box stores by the end of September. The trend in spending for the home is also playing...

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