One of the most fortuitous calls I've made this year has been in Wayfair (W), the Massachusetts-based e-commerce company that focuses on home goods and furniture. Wayfair had long been a hated stock on Wall Street. The stock went counter to the broader market's huge rally in 2019 and steadily declined all year, with investors complaining that despite Wayfair's scale the company had long been unable to turn a profit (never mind that investors gave broad leeway to companies like Tesla (TSLA) in a similar position). Then when the coronavirus hit, investors assumed lower consumer spending would hit Wayfair even harder and sent shares at one point to the $30s (we know now, however, that the coronavirus has in fact been a gift to Wayfair's business).

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