A number of you have asked for a list of stocks to own for 2020, so here are my names:
We will start with Zoom, $ZM, for 2020. Will we even have offices in this upcoming decade? Zoom makes it easier for people to work from home and have meetings virtually anytime/anywhere. This iPO darling of 2019, which hit a high of $107 back in June of ’19, now sits just above the 50 day moving average, a 35% haircut. If you’re looking for growth, this is your name. I’m buying dips all year.
$DIS, Disney needs no explanation. I prefer to buy it when the market corrects. And, I believe we will see a pretty hefty correction in stocks overall in the first quarter of 2020. When blood hits the streets this year, I will be looking to build my position in $DIS.
$TWTR had some serious momentum in 2019 up until the last quarter. I think Twitter slowly builds momentum again in 2020, testing and breaking the old highs of 2019, at 45.86.
I’m also going with $SQ for the new decade. Gone are the days of traditional banks in the upcoming decade. This is Fintech at its finest, laced with bitcoin and cash through their very popular cash app. Bank of America upgraded the stock as we begin the year, they say $75. I say higher, and likely gets bought this year.
I’m looking for oil and energy to have a big year after being left for dead in 2019. $SLB & EOG are my favorites. $SLB gives you a nice fat dividend in the service space, and $EOG gives you the best run independent oil company.
$CGC – Because Weed will take over in the new decade. Best of breed in the space.
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