Best Buy (BBY) Could Susceptible To Higher Inflation & Recession

Consumer electronics is a cyclical business that likely faces recession, notes Lee Bohl on Best Buy (BBY). he and Chris McMahon discuss the takeaways from BBY earnings. Lee notes that BBY see strong competition from Walmart (WMT) and Target (TGT). They talk about the outlook for U.S. brick and mortar retail. Chris highlights some risks to BBY include higher inflation, recession, and significant decline in consumer electronic spending. He notes that the U.S. brick and mortar industry remains overbuilt. Tune in to find out more about the stock market today.