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Stocks to Buy 2020 - Top Stocks 2020

Top Stocks 2020 - Below is a list of the Top Stocks in 2020.  These 2020 Stock Picks are some of the stocks I own and will trade personally.   When I look at potential stocks to buy in 2020, I try to identify hot stocks and big gainers that will outperform the market.  So what are the best stocks for 2020?  The best stocks in 2020 are a few of my favorite hidden gems and etf's.  In 2020, I feel that SHAK, GBTCBYND, and TSLA will rise this year.  See my comments on these top 2020 stocks below.  Check out my Top Penny Stocks 2020

Best Stocks 2020 - Shake Shack (SHAK) is another top stock pick for 2020 because the stock dropped from $102 to $62 in the year.  As most of you know, I've loved SHAK stock since its IPO five years ago and a few months ago, shares dropped into the $50's.  The company then released good earnings but announced they will be revising some stores and going with GrubHub (GRUB) as their prime delivery serviced in 2020.  This news is great long term but will provide uncertainty to their 2020 earnings and sales estimates.    I began buying SHAK in the low $60's and high $50's and my average price is $60.67.   In January, Goldman Sachs came out with a note recommending the stock in 2020 and Shake Shack rallied from $57-$75.   I plan to hold this as a long term investment but I do feel SHAK can hit $100 in 2020.

Stocks to Buy 2020 - Grayscale Bitcoin Trust (GBTC - My #1 Top Stock in 2020 is Grayscale Bitcoin Trust (GBTC).  After a long bear market for Cryptocurrencies, Bitcoin is snapping back into the halving event of 2020.  Around May 25, 2020, the Bitcoin block mining reward will decrease to 6.25 Bitcoins every 10 minutes instead of the current 12.5 bitcoins every 10 minutes.  I'm expecting the price of Bitcoin to increase dramatically in 2020, 2021, and 2022 before another major correction sets in.

The Grayscale Bitcoin Trust is currently the only pure play bitcoin stock to buy right now but there are several ETF's in the works.  The next crypto bull market will bring in the big players like institutions and pension funds and we will see a rally like no other.   GBTC is now my Best Stock 2020 and I bought a lot of shares in the $3's and $4's during the last crash.  I'm holding GBTC at $6.70 with a price target of $20-$40 over the next few years.

Tesla (TSLA) - To me, Tesla (TSLA) has always been a technology company that sells cars.  They have the best battery technology in the world and the gap is widening every year.  I've liked this stock since $70 back in 2013 and continue to recommend shares on big pullbacks.   In early 2020, Tesla (TSLA) is finally getting the respect it deserves and shares rallied from $300 to $800.   I sold out of this stock and switched into others but am now back in for the long term.   Tesla (TSLA), with a market cap of only $145 billion, has the potential to be one of the largest companies in the world in the next 10-15 years.  Autonomous Driving and Tesla Energy are the next pillars of growth and we could see this $800 stock hit $5,000-$7,000 in the next 5-10 years.   Meanwhile, the bears will still be comparing Tesla (TSLA) to old auto companies such as Ford (F) and General Motors (GM).  Do we compare Apple (AAPL) to Motorola and Nokia anymore?

Beyond Meat (BYND- Beyond Meat (BYND) is another one of my Top Stocks 2020.  Beyond sells all-natural plant-based meat and is the leader in the industry.  While other companies sell a hybrid of plant and meat products or unhealthy GMO-based burgers, Beyond Meat is separating itself from the pack.  The stock rallied from $72-$132 in early 2020 and this is currently one of my top stocks for the next ten years.  I have a $150 price target for 2020, a $200 price target for 2021, and a $275 price target for 2022.  If the release more products and sign more deals, I will be revising these numbers upward.