Today’s 3 Best Stocks: J.C. Penney Company, Inc. (JCP), Intuitive Surgical, Inc. (ISRG), Best Buy Co., Inc. (BBY)

Finally, big-box retailer Best Buy Co., Inc. (NYSE:BBY) continued its all-out assault on short-sellers by tacking on another 3.2% after receiving an upgrade from JPMorgan Chase & Co. (NYSE:JPM) to “overweight.” The covering analyst, Chris Horvers, specifically noted that having the right management team in place, seeing a pick-up in television and appliance sales in correlation with a rebounding housing market, and aggressively matching prices are the key components to its turnaround. Particularly, I think Best Buy Co., Inc. (NYSE:BBY)’s price-matching, while a negative to its margins in the near term, will kill the showrooming effect that’s plagued the company for two years and driven consumers to Amazon.com, Inc. (NASDAQ:AMZN). Amazon’s ability to undercut Best Buy Co., Inc. (NYSE:BBY) in price was its original allure. Now, with state taxes beginning to creep into the picture for Amazon, and Best Buy Co., Inc. (NYSE:BBY) getting more aggressive with its pricing tactics, the pendulum is beginning to swing back in the big-box retailer’s favor.

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.The Motley Fool recommends Amazon.com and Intuitive Surgical. The Motley Fool owns shares of Amazon.com, Intuitive Surgical, and JPMorgan Chase and recommends Amazon.com and Intutitive Surgical.

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