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Stock #1: Jacobs Engineering (JEC)

If you had asked me at the beginning of the year to select the one stock on this list that would perform the best, I would have told you Jacobs Engineering (JEC).

At the time I made this list in late November of 2008, we had elected a new President that had indicated a willingness to invest heavily in infrastructure spending as a way to stimulate the economy and promote jobs.

Instead, we got a mere pittance when the actual Stimulus bill was passed in February. That disappointment translated into a big loss in valuation for JEC. The stock was down more than 19% in the first quarter of this year underperforming the market.

I remain optimistic on JEC as infrastructure needs greatly exceed current spending allocations. A stronger economy should help JEC recover during the remainder of the year.

NEXT: Stock #2: Pulte Homes (PHM)