Top Performing Stocks for 2013

One of the best things about working with an investment advisor is that he or she can provide you with inside tips on which stocks are doing well and which ones aren’t. Chances are, if you’d been working with an investment advisor this year, you’d already know that the top performing stocks in the S&P 500 are Netflix (NFLX) and Best Buy (BBY). Just because the two stocks are top-performing, however, doesn’t mean that both companies haven’t had to make some changes to get to the top and to deal with new developments in society and consumerism. In fact, maybe that ability to change is what has made these two companies’ stocks so high-performing in the first place!

Netflix recently gave in to the pressure to change and to the video program bidding war by creating and producing its own original programming. This addition of quality programming, which includes shows like “Arrested Development” and “House of Cards,” has caused its shares to rise an incredible 200% year-to-date; talk about impressive!

It is Best Buy, however, that is the truly impressive company. Rising from underdog to top-performer was only made possible for the company by its amenability to change. When people essentially stopped buying DVDs, or at least started buying them in much smaller numbers than in previous years, Best Buy struggled to find products that sold and to turn a profit. Fortunately, it made the smart move of partnering with Microsoft and Samsung and renewing its partnership with Apple and now offers a variety of products from these companies.

If you haven’t yet invested in Netflix, Best Buy, or other top performers, contact Platinum Financial Associates, Inc. and get started!