Steve Grasso's Best Buy Trade

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On
CNBC's Fast Money
, Steve Grasso spoke about his long position in
Best Buy Co IncBBY
. Grasso said that the company has huge upgrade cycles in 4K televisions, televisions across the board, SmartWare, iPhone and GoPro. He showed the price action on the long-term chart and explained that the stock has bottomed in 2013. Grasso added that many people on the Wall Street, including him, believe that
Best Buy
is going to test all-time highs.
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Posted In: CNBCLong IdeasFast MoneyMediaTrading IdeasSteve Grasso
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