Best Buy (NYSE:BBY)
The troubled electronics retailer had a joyous start to the holiday shopping season, reporting a 7.4% share of Cyber Weekend sales—second only to Amazon.
Last year, holiday sales fell by 1%, disappointing investors and putting Best Buy’s recovery in jeopardy. But cost-cutting and a significant investment in e-commerce by CEO Hubert Joly finally seems to be paying off.
Investors are impressed: Best Buy’s stock price is up 20% over from where it sat in mid-November.