In the current market environment, winning companies riding strong growth momentum appear poised to keep on winning. So it may be worthwhile looking at the stocks that did the best in 2019, rather than the contrarian "dogs" of last year.
Semiconductor manufacturing equipment supplier Lam Research (NASDAQ: LRCX) was the second-best performing stock in the S&P 500 last year, but sold off hard with the rest of its sector at the end of last week. And that's in spite of a really impressive earnings report delivered on Jan. 29, which not only beat analyst expectations across the board, but also gave impressive guidance for the current quarter -- even while factoring in potential coronavirus disruption.
Image source: Getty Images.