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10 Best S&P 500 Stocks of Q1

Some of 2012's big stinkers are huge winners thus far in 2013

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#2: Best Buy

YTD PeBest Buy logorformance: +89%

Best Buy (NYSE:BBY) is another one of those stocks that was battered for good reason. Amazon.com (NASDAQ:AMZN) has pushed prices on big-ticket electronics down and has resulted in razor-thin margins for all retailers — particularly the brick-and-mortar crowd like Best Buy. Furthermore, the continued rise of digital entertainment options and the secular decline in hard copies of video games, CDs and DVDs has hurt media sales.

There hasn’t been a lot going for BBY … but founder Richard Schulze changed that when he started making fuss about taking the company private. It seems that the buyout buzz is now over and that the company will remain public, but the pop in share prices has stuck.

Article printed from InvestorPlace Media, http://investorplace.com/2013/03/10-best-sp-500-stocks-of-q1/.

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