RCEL - These Were the 10 Best Stocks of 2019
The top 10 stocks of 2019 are an interesting group. You might think tech stocks would dominate the upper echelon of equities, but you'd be wrong. As we saw in the IPO market, individual healthcare stocks actually had the strongest returns last year. Seven biotech companies made our list, including the No. 1 stock, which had a stratospheric 3,578% return in 12 months. A medical device company had a fantastic year as well. Rounding out the field is a website for finding the best insurance rates, and a retailer.
Using Peter Lynch's lingo, investors in these stocks had no worse than a seven-bagger and as much as a 36-bagger in 2019. To put a cash number on that, if you invested $5,000 in each of these stocks at the opening price on Jan. 2, by the closing bell on Dec. 31, your $50,000 investment would be up to $581,778.
Here are the top 10 stocks by market return in 2019: