The Best-Performing Stocks in the U.S. This Year: The Top Three Are Tesla, Best Buy and This Distributor-Provider of TV Shows and Movies WSJ
According to the Wall Street Journal, the best performing stock in the U.S. in 2013 was Tesla, the electric-car manufacturer, up 346%.
No. 3 was retailer Best Buy, up 239%.
And taking the silver trophy was Netflix, up 296%.
In the No. 4 and No. 5 positions, respectively, were Twitter, up 145%, and Herbalife, up 138%.
About Netflix, the story says, "The streaming video provider did little wrong in 2013. Shares surged 296%, making Netflix the top performer in the S&P 500 and the Nasdaq 100. Booming subscriber growth and an increase in original programing were key drivers of the stock’s move back above $300.
"In its latest quarterly report, Netflix made $32 million. Yet for now, Wall Street doesn’t appear too concerned about the company’s slim profits, so long as it keeps generating growth and continues stockpiling high-quality content, such as Emmy winner 'House of Cards' and 'Orange Is the New Black.'
"In October, billionaire investor Carl Icahn sold more than half his stake in Netflix for about $1 billion. He originally invested in the company at $58 a share in 2012, but after Netflix’s share price more than quintupled, he said it was 'time to take some chips off the table.' "