Regeneron Pharmaceuticals Inc (REGN), Apple Inc. (AAPL), Best Buy Co., Inc. (BBY): 3 Monday Morning Upgrades I’m Buying Now

Credit Suisse also cited a number of recent retail turnarounds including The Home Depot, Inc. (NYSE:HD), Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA), and Pier 1 Imports Inc (NYSE:PIR), suggesting that new leadership combined with cheap stock equals a change in sentiment. Best Buy Co., Inc. (NYSE:BBY) created new 52-week highs on the news, rallying almost 7% and making its 2013 gains 145%.

Despite these massive gains, Best Buy Co., Inc. (NYSE:BBY) is still trading at just 0.19 times sales and 12.4 times next year’s earnings; both of which are significantly lower than the retail space. Moreover, an investment in Best Buy Co., Inc. (NYSE:BBY) returns a 2.5% dividend yield. These factors combined — and the fact that I agree with Credit Suisse — are why I am buying Best Buy Co., Inc. (NYSE:BBY).

Final Thoughts

With these three stocks combined we have a hyper-growth biopharmaceutical company, a massive tech company undergoing a transition, and a cheap retailer that has undergone a shift from growth to maintenance.

Thus, with three different investments in three different industries that are all at different stages of their business, these stocks might make nice additions to your portfolio. Personally, I already own each and I am buying more following these upgrades.

The article 3 Monday Morning Upgrades I’m Buying Now originally appeared on Fool.com.

Brian Nichols owns shares of Apple, Regeneron Pharmaceuticals, Best Buy. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Brian is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.