Today’s 3 Best Stocks: Monster Beverage Corp (MNST) and More

Finally, big-box retailer Best Buy Co., Inc. (NYSE:BBY) hit a four-month high, advancing 7.4%, just two days after word hit the Street that co-founder Richard Schulze may forgo his buyout bid for the company for a smaller minority stake with other investors instead. While that might seem like bad news, some of the recently enacted initiatives at Best Buy, including higher promotion of mobile devices and direct-to-consumer sales, as well as price-matching, may finally be paying off. Holiday traffic on its website ranked among the highest tallies in the retail sector, and prudent spending should keep the company profitable on the bottom line. Personally, I wouldn’t write off Best Buy just yet.

The article Today’s 3 Best Stocks originally appeared on Fool.com and is written by Sean Williams.

Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.Motley Fool newsletter services have recommended buying shares of Monster Beverage.

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