The S&P 500 was crushed back in March as the COVID-19 crisis, business closings, and layoffs rattled the market. However, the index subsequently rebounded from those lows, and is only slightly down for the year.
Unfortunately, many stocks didn't keep pace with that recovery. Many energy, travel, and retail stocks have yet to rebound, especially those that were already struggling when the crisis started.
Therefore, it's important for investors to buy "best in breed" stocks that not only stand above their peers, but run resilient businesses that can withstand nasty macro shocks like the U.S.-China trade war and COVID-19.
Source Fool.com