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Best Buy

10 big stocks cash in during the crash

Matt Krantz
USA TODAY
This photo made on Friday, March 28, 2014, shows the exterior of the Best Buy store Cranberry, Pa.

You thought corrections had to be painful. But some investors have not just sailed through the market's pullback - but have profited amid the pain.

There are ten stocks in the Standard & Poor's 500, including industrial gear maker Cameron International (CAM), consumer electronics seller Best Buy (BBY) and mass-market jeweler Signet Jewelers (SIG) that gained 5% or more since the market started its freak-out moment last week, according to a USA TODAY analysis of data from S&P Capital IQ.

Investors tend to focus on the negative during market pullbacks. There's been plenty of negative to focus on. At the lows of this week - the Standard & Poor's 500 dropped more than 10% from the May 21 high - putting it correction territory. The S&P 500 has staged a late week rally - and is now down just 6.7% from the high - but the damage is still done. The S&P 500 has lost 5.4% of its value since the recent top on Aug. 17 and average stock in the S&P is down 8% from the recent high.

Amid all this pain, though, there are points of pleasure. Investors owning the right stocks - probably haven't felt much at all. The biggest winner from the market's pain is Cameron International. The company, which makes gear that facilitates the flow of liquids, is up 33% from August 17, while most other stocks fell apart. The big gain, though, was due to the fact oil services firm Schlumberger agreed to buy the company this week for roughly $13 billion. That's a nice gain in a week - while others are suffering. And get this - the stock is up 22% from the market's peak. Shares closed Friday $1.79, or 2.8%, to $65.

Cameron's stock price

Some stocks did well - even without being takeover bait. Best Buy is a good example. Shares of the gadget seller gained 11.1% from the market's Aug. 17 peak before the freakout. Investors were thrilled this week by the company's just-released financial results. Shares took off after the company - still looking to find its place in a world overrun with online retailers - posted an adjusted profit per share of 49 cents a share. That was 40% better than expected. Shares of Best Buy are up 2.4% from the market's May high. Shares closed up 17 cents, or 0.5%, to $35.97 Friday.

Signet Jewelers hit a new all-time high this week - an impressive feat given the pain so many other stocks are in. Shares jumped 13% from the market's recent high and are up 2.4% from the market's all-time high on May 21. Solid earnings - again - where enough to counteract the market's downward trajectory. Thursday, the company reported an adjusted quarterly profit a share of $1.28, beating expectations by 11.3%. Shares of Signet closed Friday up 84 cents, or 0.6%, to $139.66.

Investors will be nervously awaiting to see how the rest of the market holds up next week. But for now - at least investors in some stocks must be wondering what all the fuss is about.

The S&P 500 stocks that are up from the market's recent Aug. 17 high
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