There’s good news, and there’s not so good news. The not-so-good news is that 2020 could be a volatile year for the stock market – every bit as volatile as was the previous year. The best and most thriving stocks will need to have great growth prospects, durability, be recession-resistant, and yield high dividends. The good news is that there are several companies that fit the bill. Here is a list of 20 stocks every savvy investor should consider investing in, in 2020.
1. AstraZeneca is a UK-based pharmaceutical giant, with a market value of $125.9 billion and a dividend yield of 2.9%. The company has premier products for cancer treatment, as well as cardiovascular, respiratory, and renal treatments as well as others.
2. Chemours is a chemical manufacturer. With a $2.6 billion market value and a dividend yield of 6.2%, you can be sure that this is a shareholder-friendly business. The company produces major products, including titanium dioxides, that deliver hardness and brightness to porcelain enamels.
3. Copart is an automotive services business with a market value of $20.5 billion. The company runs online vehicle auctions and, to a large extent, sells damaged cars for insurance companies. Over the last three years, Copart stocks have more than tripled.
4. Costco is a discount warehouse club retailer that has consistently shown strong comparable-store sales. Costco has a reputation for having a solid macroeconomic environment, deals with much-wanted low price commodities, and has new e-commerce services like delivery.
5. CVS health is a pharmacy retail and health insurance company that is making a big name for itself with its walk-in MinuteClinics. The company offers basic health care such as flu shots and tests for strep throat.
6. Diamond Offshore Drilling is an oil and gas drilling company. While 2019 has been a disastrous year for energy stocks, Diamond Offshore Drilling’s majority shareholder is Loew’s, which is run by the Tisch family – flush with cash. Energy prices will inevitably rebound and Diamond will be a great stock to buy.
7. Innovative Industrial Properties is already very profitable and making big strides at a very quick space on Wall Street. The last year started with the company, including 11 medical marijuana processing properties to its portfolio.
8. Social media site, Pinterest, has seen exceptionally strong growth in terms of its users. Monthly active user count was an all-time high of 322 million at the end of September 2019.
9. Intercept Pharmaceuticals has come out with a new drug application – the only medication that has some hope of alleviating non-alcoholic steatohepatitis – a liver disease that has no cure. The drug is known to reduce the levels of liver fibrosis significantly.
10. Redfin is an online real estate brokerage company. The company has been concentrating on making buying and selling of real estate a seamless experience for both buyers and sellers. Its market share has been on the rise since Q1 2019.
11. Meet Group is an online dating site that is worth over $3 billion in yearly revenue. The company provides its clients with live streaming and social media interaction, as well as online dating. Meet Group has a large mobile portfolio of apps such as MeetMe, Tagged, Growl, Skout, and Loovoo that have all contributed to the expanded business.
12. StoneCo is a $10 billion business management software development firm is in the limelight for its Brazilian fintech offerings. The company’s stocks are predicted to double in 2020.
13. Ping Identity is a cybersecurity provider with a difference. The company makes use of machine learning and artificial intelligence to identify users and to ensure computers are trusted.
14. Livongo Health is a health solutions provider that enables people by taking more care of themselves. Livongo Health’s products are a disruptor in the space of diabetics and hypertension.
15. Lovesac is a home furnishings company. Although the company did not do well amid the 2019 trade-war concerns, the company has very quickly and effectively surged forward to remove any worries of the trade war’s impact on the future.
16. Amarin is a biotech company that manufactures Vascepa – an FDA-verified, purified fish oil derivative that is used to treat hypertriglyceridemia (SHTG). Wall Street is excited about this company’s stocks, thanks to Vascepa.
17. CalAmp is a software and subscription-based service. CalAmp was hurt in previous quarters by weak sales in its Telematics segment as well as because of the trade war with China. But this year it is predicted that the company will grow.
18. Aimmune Therapeutics manufactures Palforzia that is a drug to reduce the symptoms associated with peanut allergy in children in teenagers. No other FDA drug is approved to treat this dangerous allergy.
19. Stitch Fix is a retailer that is all set to disrupt the retail market. The company offers stylists to pick out accessories and outfits for its customers who can then decide to either return these items or buy them. Its direct buy program allows members to purchase personalized and curated products directly online simply. Both these approaches are predicted to lead to accelerated growth in its revenue.
20. Teva Pharmaceutical Industries had a hard time for 4 straight years. The company was mixed up in lawsuits, over the pricing of drugs, bribery allegations, and was deep in debt. However, experts believe that Teva has been making strong and steady progress on its lawsuits and has also been offering free medication in select states. Once the opioid suits are done with, Teva is going to be pretty much at the top.
