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10 Best S&P Stocks of 2013

These 10 stocks crushed the competition amid a strong overall year for the broader markets

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#3: Best Buy (BBY)

  • stocks-BBY-stockYTD Return: 245%
  • Sector: Retail
  • Market Cap: $13.8 billion

Best Buy (BBY) is one of the most impressive gainers on Wall Street this year, and also one of the most surprising. Its embattled big-box store locations continue to suffer amid e-commerce competition from the likes of Amazon (AMZN) and sales of CDs and movies are plummeting thanks to digital content distribution. But while sales have mostly flatlined since 2010, Best Buy still has found a way to turn a good profit on its electronics retail business.

Most analysts expect that when this year’s holiday sales are tallied up, BBY will finish with its first annual profit three years. This turnaround coupled with buyout chatter early in the year, when founder Richard Schulze made some noise about taking his undervalued company private, helped Best Buy stock log a 100% gain by springtime. But the returns have kept up thanks to a modest rebound in its core retail business.

It appears the biggest gains have already been made for Best Buy investors … but given the fact this stock has kept running for months, you never know what 2014 may hold.

Article printed from InvestorPlace Media,

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