Agrium, Best Buy Lead High-Flying Stocks

BOSTON (TheStreet) -- Major U.S. indices declined Friday, but a handful of stocks rose to 52-week highs.

5. Sara Lee(SLE Quote) rose 2.4% to $12.49. The frozen-pastry maker is planning to sell its air-freshener business and possibly other parts of its household products portfolio. Potential bidders are privately-held SC Johnson and Procter & Gamble(PG Quote).

Our take: We rate Sara Lee "buy." Fiscal first-quarter net income rose 23% to $284 million, but earnings per share remained flat at 27 cents. Revenue dropped 7% to $2.6 billion. Sara Lee's gross margin rose from 38% to 41%, and its operating margin advanced from 5% to 8%. Sara Lee pays a dividend yield of 3.6%, higher than the S&P 500 average of 2.8%.