Five high-growth stocks to buy in 2020

[Hernandez]

Which are the high-growth stocks that are a good investment in 2020?

[Philip]

Hi Hernandez,

The Economic shock waves arising from the pandemic mean growth stocks in 2020 are difficult to come by. In today’s market, and going forward, tech stocks have the best survival chances. They make excellent portfolio selections if you are looking for growth during these trying times.
1. TICKER: AMZN Amazon.com
Analysts had given AMZN stock a $1,950 price by the end of the year. This stock had breezily surpassed that mark, rising to above $2,400. Reports have it that Amazon plans to acquire AMC Entertainment, leveraging on its big size to expand.
Investors in Amazon need to anticipate both cloud and e-commerce revenue growth to take a slower pace in time. Analysts expect 20% revenue growth by the lapse of the year.
2. FB Facebook
Facebook is enjoying stellar growth and returns. Even as the pandemic holds down revenue, analysts figure earnings per share to grow 18% in 2020. Its biggest source of growth rests on excellent monetization of its users.
The year began with a $233 price target. Shares have rallied due to first-quarter results that reflect better than anticipated advertising numbers.
3. GOOGL, GOOG Alphabet
Google Cloud is a huge near-term growth accelerator. Revenue has surged 52% to $2.8 billion. YouTube strength rests on quarantine-time entertainment. Waymo represents a major long-term growth driver for Alphabet.
4. FVRR Fiver International
Revenue jumped 44% during the first quarter of 2020. The pandemic has rendered 30 million Americans unemployed, many of whom have turned to FVRR for gigs. As such, the pandemic makes FVRR a natural beneficiary.
5. WORK Slack Technologies
Large corporate clients, like IBM, use Slack to communicate across its entire workplaces. As Slack continues to cement itself corporate workflows, a network effect makes it difficult for clients to leave. As such, analysts expect a 36% revenue jump in 2020.
 

[James]

Here are the leading high-growth stocks this year and beyond.
DBX
With COVID-19 increasing the demand for work-from-home solutions, there’s no better time to acquire this stock. Companies may even adopt the cloud service post-pandemic given the cost benefits of cutting their physical profiles.
UPWK
Upwork revenues jumped 20% in the last quarter of 2019. Although this was a decline from Q3’s 23%, the figures were better than the year’s first half. With the current Coronavirus threat, this is the perfect meeting point for businesses ditching full-time employees and freelancers who want part-time gigs.
AMZN
The decreasing movement has led consumers to online purchases. Considering its prominence in the e-commerce space, Amazon has gotten a huge slice of the cake as evidenced by this year’s $75.5 billion Q1 gains.
SHRMF
It’s offered by Champignon Brands, an organization focusing on psychedelic drugs to treat mental conditions. Seeing it’s not yet popular, this stock offers a head start to a potentially game-changing industry.
SQ
Square offers credit-card readers for your phone. As more people go cashless, there’s no doubt this stock is the future.