Every so often, a stock quietly climbs its way into the upper ranks of the market's leaderboard without attracting the attention its performance deserves. Lumentum Holdings (NASDAQ: LITE) is one of those names.
The optical technology company has surged about 140% year to date, placing it among the top 10 best-performing stocks in the S&P 500. And with a bullish technical setup, accelerating fundamentals, and a wave of analyst optimism, the run may not be over.