Best Buy stock price hits record highs as Q2 earnings top estimates

Shares of Best Buy (NYSE: BBY) moved higher to hit a fresh record high near $120.00 on the back of a strong performance the company delivered in the second quarter of the year.  Fundamental analysis: Stronger-than-expected sales Best Buy posted better-than-expected sales growth results today for Q2 2020, driven by the biggest-ever surge in online sales on a quarterly basis as clients massively bought computers, kitchen utilities and other products during the coronavirus lockdown.   Online sales skyrocketed 242% in the United States, compared to the year-ago period.  In-store sales climbed by 5.8%, beating the estimated consensus of 2.3.%. The same-store