To little surprise, big-box retailing giant Best Buy Co Inc (NYSE:BBY) has been one of the worst-hit entities due to President Donald Trump's trade policies, especially surrounding tariffs. As Reuters mentioned earlier this year, approximately 60% of the retailer's total annual cost of goods sold is exposed to China. Combined with broader economic challenges, BBY stock appears to be a poor investment. Still, contrarians may want to keep it on their radar.
Let's keep this on the real: there's a legitimate reason why BBY stock is one of the biggest losers in the trailing five sessions, down about 8%. It's also a stain on the broader market recovery narrative. Since the beginning of the year, BBY is down more than 22%, a sharp contrast to the S&P 500 index's gain of over 6% during the same frame. The negative catalyst can be traced to financial underperformance.
