The Best Buy stock price has shown steady recovery since dipping below $70 earlier this month, as tech spending rebounds. Traders are watching the next earnings report for signals on inventory normalization and margin improvement. One place where these two giants stand toe to toe, however, is with dividends. As noted, both are Dividend Kings. That shows just how resilient their businesses have been over time. But there's a twist here because Target and Walmart compete with each other for customers. Consumer tastes shift over time, and sometimes Walmart's everyday low-price approach is more attractive, while at other times, Target's slightly more upscale focus is in favor. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Best Buy stock price hit $77.90 after a report showed gains in subscription-based tech support plans. This diversification strategy is expected to smooth seasonal sales fluctuations.
