FIVE BEST STOCKS TO INVEST IN COME 2020

The year 2019 is drawing to a close and right now we should be looking for top company stocks to invest in, come 2020. Some of the best stocks to invest in include Amazon, Facebook, Apple, Lyft and Boeing. 

AMAZON Inc.

Amazon.com Incorporated has arguably the best growth narrative among internet companies. For almost 20 years, Amazon has focused on growth with continued business expansions while paying little attention to profitability. Amazon has run its operations smoothly and free of any cash deficiency. As of today, 26th November, the current price of Amazon stock (AMZN) stock is $1771.880, with current data showing that the stock has been in an uptrend for a long time. Several stock analysts have predicted that the price is probably still going to trend up (reaching a price of $2403 per share) in the coming year. With this, we believe it would be good to invest in Amazon stocks in 2020.

FACEBOOK

Facebook, the giant social media tech firm, despite the recent controversy bordering around data handling practices, have had its stock prices gradually increasing in North American Markets. Facebook's total monthly average users increased by 8% in the third quarter of 2019 to 2.45 billion. The current price of Facebook stock is $199.02, as of today 26th November. This social media platform has continued to grow despite the scrutiny experienced and top-line expansion is expected to increase by more than 20% in 2020; hence we hope that Facebook stock will make a good investment in 2020.

BOEING Co

Boeing Co, is an aerospace company that manufactures commercial jetliners and defence, space and security systems. The stocks have proven resilient despite several assaults from different corners. In recent days, it has had its stocks rising following orders of 50 MAX planes. The current stock price is $373.40 per stock. Several reports have shown that Boeing currently ranks better than the median among analyst picks for the broader S&P 500 index components. The current stock price movement throughout the year shows that Boeing (BA) is showing a gain of 15.6%. This makes Boeing part of best shares to invest in, come 2020.  

The company is expected to be cleared by the FAA for the Boeing 737 Max planes to fly again. The Boeing version of 737 Max aeroplane was grounded due to crashes that left many people dead. However, the stock is expected to surge in price soon Boeing gets the go-ahead to resume flying Boeing 737 max.

APPLE Inc (AAPL)

Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories worldwide. The company offers iPhone, a smartphone line, Mac, a line of personal computers and accessories comprising AirPods, Apple TV, Apple Watch, and more. The current stock price of AAPL is $266.69 per stock. According to several analysts, Apple has survived the backlash in the tech world than other tech giants in the industry and thus is expected to perform stronger in 2020.

According to reports, Apple had $256.8 billion in its cash stockpile at the end of its the most recent quarter, up from $233 billion at the same time last year. Also, the company is positioned to see increase in revenue come next year.

LYFT Inc

Lyft is a platform-technology company that offers ride-hailing services in combination with other services. Consumers can access scooters and see public transit options on its mobile app. On Friday, Nov. 22, Lyft reported significantly better than expected revenue and opening earnings. Today, Nov. 26, the current price of Lyft shares is $49.00 with a price increase of 0.12%. Come 2020, the share price is expected to hit $85 per share, which makes it a good investment fit for 2020.  

 

 Investingport staff is invested in all of these companies and we plan to hold it for a very long time. 

 

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