Best Buy jumps after Trump's electronic tariff exemptions
Shares of Electronics retailer Best Buy
U.S. President Donald Trump announced limited tariff exemptions on some electronics including smartphones and computers
Best Buy imports almost all of their products, with China accounting for about 55% of total imports, according to brokerage D.A. Davidson
BBY not out of the woods yet but now much better off, say D.A. Davidson analysts
Global technology stocks also rise on Monday after the exemption
Trump said special tariffs on phones and semiconductors will be determined in the upcoming week
BBY fell to a near five-year low of $55 last week
"The consumer electronics tariff exemption from reciprocal taxes is a temporary reprieve for Amazon, Best Buy, and other sellers of those products, but sector tariffs loom," Telsey Advisory Group says
As of last close, BBY was down 29.5% YTD
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