#40. Edwards Lifesciences Corp.
Total return since Jan. 20, 2017: 79.4%
Edwards Lifesciences Corp. is a medical device company that specializes in hemodynamic monitoring and artificial heart valves. It had a banner year in 2017, thanks in part to a six-month stock rally that earned shareholders gains of nearly 20% on top of a five-year historical growth rate of 21.2%. The company also benefited from two key FDA approvals that year, one for the first-in-class Inspiris Resilia aortic valve and the other for the Sapien 3 transcatheter heart valve.
#39. Micron Technology Inc.
Total return since Jan. 20, 2017: 80.2%
A leader in the global semiconductor industry, Micron Technology shares gained a whopping 88% in 2017, more than tripling in price from the summer of 2016. The following year in 2018, however, Micron lost some of its mojo thanks, in part, to Trump's trade war. The chipmaker's stock tumbled back to Earth a bit when the company's CFO said that Trump's tariffs would hurt Micron's gross margins. Even still, shareholders walked away with gains over 80%.
#38. Kohl's Corp.
Total return since Jan. 20, 2017: 80.6%
In 2018, retail chain Kohl's joined other industry heavy hitters like Walmart, Target, Best Buy, Macy's, and Ikea in publicly opposing Trump's tariffs. In July 2017, a little more than half a year after Trump took office, Kohl's shares had sunk by nearly 20% for the same reasons so many other retail chains were suffering—changing consumer shopping habits and intense online competition. Less than a year later in June 2018, however, industry analysts were asking whether Kohl's stock had risen too far, with impressive sales driving a furious rally that included a stock price spike of 30% in just three weeks.
#37. Copart Inc.
Total return since Jan. 20, 2017: 80.8%
By the end of the summer in 2018, the auto industry was in the stock market doghouse, with Ford and GM stock both hitting new lows. Online vehicle auction company Copart Inc, on the other hand, resisted being dragged out with the tide. The company made big moves both at home and overseas during the two previous years, including a venture into Brazil and the celebration of its 200th location in California. It also increased sales by nearly 30% in a single quarter.
#36. Ansys Inc.
Total return since Jan. 20, 2017: 81.1%
Engineering simulation software developer Ansys is in a competitive industry that drummed up 38.9% returns between August 2017–August 2018. Ansys actually beat that high growth rate, albeit only slightly. That's because the energy industry has been hungry for good engineering software like the kind that Ansys develops. Ansys also took on some big partners during Trump's reign, including Ferrari, NVIDIA, and Synopsys, while also investing in a new virtual reality platform when it took on France-based Optis.
#35. Autodesk Inc.
Total return since Jan. 20, 2017: 85.6%
Autodesk makes software and virtual reality solutions for the engineering, architecture, manufacturing, and entertainment industries. It realized huge gains over 85% through the last two years thanks, in part, to its shift to a subscription-based business model; but that wasn't the only winning change. Unlike most of its competitors, Autodesk moved from just providing architectural drawings to performing quality control, fabricating parts, and even commissioning a building. Management expects subscriptions to hit 4.9 million in 2020, up from 2.6 million in 2016.
#34. Abbott Laboratories
Total return since Jan. 20, 2017: 86.3%
Abbott Laboratories is a health care company that makes pharmaceuticals, medical devices, nutritional products, and diagnostic solutions. Abbott is a Dividend Aristocrat through and through, paying dividends every quarter for 373 quarters straight—that's nearly a century of showing love to shareholders—and those payouts have increased for 45 years straight. The company's lucrative run under President Trump's administration, however, has more to do with its strong acquisitions, like its pickup of St. Jude Medical right around the time Trump took office.
#33. Cadence Design Systems Inc.
Total return since Jan. 20, 2017: 91.5%
On Feb. 2, 2017, less than a month after President Trump took office, electronic design automation software company Cadence Design Systems Inc. was soaring. Cadence started the year by beating fourth-quarter estimates by a long shot, and the profits only kept growing from there. The main driver behind Cadence's growth was the popularity of the company's exclusive Palladium Z1 enterprise emulation system.
#32. NetApp Inc.
Total return since Jan. 20, 2017: 91.7%
In 2017, the CEO of Cloud data services and data management company NetApp Inc. told Fortune he was concerned that President Trump's policies were "closing off the United States," which worried him, considering that NetApp serves customers in 140 countries. Politics, however, did not prove to be a barrier to success. Most of the company's sales were in the high-margin strategic solutions department, which includes solid-state storage products and cloud-based data management services. Nearly half of the company's massive 91.7% growth during Trump's time in office was achieved in the first half of 2018 alone.
#31. WellCare Health Plans Inc.
Total return since Jan. 20, 2017: 92.3%
WellCare Health Plans Inc. provides millions of managed health care plans, mostly through Medicare and Medicaid. When President Trump signed an executive order backing short-term insurance plans as an alternative to Obamacare, WellCare shares soared. The company also benefited from better-than-expected profits in 2017, which outdid past analyst expectations.2018 All rights reserved.