Top Performing Stocks in 2020 – Part 1

Top Performing Stocks in 2020 – Part 1

There are many stocks that have benefited from this pandemic, and there are stocks that have just powered through 2020 and the pandemic like it was nothing. Below are some of my picks for 2020; stocks that have done quite well and survived the worst market crash since the Great Depression.

Apple (AAPL)

Apple is the most valued company in the world, even though it’s gotten a lot of flack from the PC World. With a market cap of 2 trillion dollars recently, this company and its stock has done quite well during this pandemic. I think a lot of quarantined peeps out there bought new iPhones and iMacs to get through this crisis. And remember that billionaire investor Warren Buffett owns about 275 millions shares of Apple stock.

Amazon (AMZN)

If any company has profited from the pandemic of 2020, it’s Amazon. As consumers have shifted to online stores, Amazon is the grandpa of e-commerce, and they have Amazon Prime too, so that you can watch all your favorite movies and television shows while you are in lockdown. Amazon has been poised to knock it out of the ballpark in 2020.

Clorox (CLX)

Covid-19 has caused everyone to think again how they practice the best sanitary habits. And, companies like Clorox have been benefiting well. You can’t even find Clorox cleaners on the shelves.

Dollar General (DG)

With more than 40 million Americans losing their jobs and filing for unemployment, shopping at thrift stores and dollar stores just might be an inevitability. Discount stores like Dollar General are much needed for people trying to survive this pandemic and the financial fallout it is creating.

Etsy (ETSY)

It just makes perfect sense that an e-commerce and arts & crafts site will do well in 2020. People need arts and crafts to buy or sell. Etsy is an online marketplace where you can make, sell and buy goods. It’s the right kind of business for 2020 and they will continue to do well.

Final Thoughts

What a minute!

We still have more top performers to share, so stay tuned. And we will cover some so-called ‘stay-at-home’ stocks that are kicking some serious arse in 2020.

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randomguru

Portfolio Manager & Musician

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