Stamford, CT -- (SBWIRE) -- 04/30/2013 -- Jet Life Penny Stocks provides investors with the hot penny stock alerts on a regular basis. We will send you alerts through our P enny Stock Newsletters and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: Best Buy Co Inc (NYSE:BBY), Amazon.com inc (NASDAQ:AMZN)
Best Buy Co Inc (NYSE:BBY) is currently vending its 50% investment in Carphone Warehouse Group PLC's Europe business back to its previous parent company. The agreement is mostly a cash deal, which valued the stake against $775 million approx. The retailer chain previously paid $2.15 billion, in June 2008, in order to increase its stake in Carphone Warehouse Europe to 50%.
The joint venture, with the name of Best Buy and Carphone Warehouse, is the largest and most famous mobile-phone seller in Europe. The electronics retailer has been able to get help from Carphone Warehouse in terms of building mobile-phone stores in the U.S. and the two agreed to share revenue from the stores.
What was the Moving Force behind BBY's Bullish Run? Read This Research Report on BBY
Later, BBY decided not to take part in the development of mobile stores during 2011. Best Buy Co, Inc (NYSE:BBY) is supposed to pay $45 million, so that it could enter into another partnership, which will allow the company to develop new joint projects with mobile-phone stores in other countries. According to Best Buy Inc’s Chief Executive, Hubert Joly, this decision will help them is simplifying their operations.
Amazon.com Inc (NASDAQ:AMZN), on the other hand, is facing a notable challenge from Microsoft Corp (NASDAQ:MSFT)’s Windows Azure, as its sales has crossed the limit of $1 bn. The sales volume is substantially increasing and things look good in the longer prospect as well.
For How Long AMZN will Fight for Profitability? Read This Trend Analysis report
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