Welcome to my flagship article listing the top stocks to buy in 2020. I will be updating this article over the course of the year, giving you plenty of investment ideas to kickstart your brand new portfolio or improve your current holdings.
Top Stocks for 2020
1. Apple (AAPL)
It's hard to start a worthy list without placing Apple shares at the top. Apple stock is currently trading at the largest valuation in the United States and leads all other companies with a whopping $1.3 billion valuation.
The rise of Apple's consumer products, Apple TV, and booming app store sales have made this arguably the top stock to own in 2020. Earnings are steadily rising and the attractive dividend yield attracts both growth and income investors alike.
Apple shares eclipsed the $300 mark at the end of 2019 and appear to be headed to $400. Backed by a cult-like consumer base, Apple owns a strong moat and fanatic following of loyal customers who go great lengths to buy the latest Apple product.
2. Roku (ROKU)
I am a firm believer in Roku's long term market potential and rising streaming hours market share. The company benefits from the shift from cable to streaming media by providing an all-in-one hub for accessing your favorite digital content.
After an impressive bullish run after its IPO, Roku shares are much more affordable and look like a spectular value for long teerm investors.
In case you didn't know, Roku was basically a spin-off company from Netflix when Reed Hastings appointed Anthony Wood as CEO of Roku after Wood invented the Roku streaming device.
Netflix shares gained more than any other stock from 2010 to 2019, so I think Roku has a lot of similar growth ahead of them. Roku could be the top performing stock of the decade. Let's wait and see!
3. Visa (V)
Visa is my favorite stock to own in the entire world because evena 2 year kid can understand their business moidel. Everytime you swipe your Visa card, Visa gets paid. Simple and straight forward stuff here.
As we move towards a cashless society, companies like Visa will continue to rake in the profits. It's also a safer way to gain exposure to the retail sector. Instead of guessing which retailer will increase same store sales and boost store traffic, you can just buy the card every shopper uses: Visa, Mastercard or American Express.
In my opinion, Visa is a buy and hold forever type of stock that you can pass down to your kids and grandkids. Currently sitting at a $428 billion marketcap, I listed this company at #3 but could easily make the top spot if it weren't for stud companies like Apple and Roku.
Tarik Pierce is the founder of InvestorTrip.com and regularly contributes articles to this website.
While living overseas, he uses PureVPN for a low cost VPN service.
He recommends Bluehost for setting up your own personal and/or business blog.
While his background is mostly related to trading stocks, he recently gained interest in real estate crowdfunding with Fundrise.