My Top Growth Stock for 2020
Welcome to the seventh year of my New Year's prognostications! Now that we're officially into 2020, it's time again for me to reveal my favorite growth stock (just one this time) that I expect to outperform the market.
But before we look ahead, let's look back. 2019 was an excellent year for growth investors, with the S&P 500 up more than 30% (including dividends) and the tech-heavy Nasdaq up nearly 34%. Despite continued trade tensions with China and fears over rising stock valuations, the strength of developing trends such as cloud computing and gene editing was more than enough to restore confidence in growth-style investing. Corporate earnings were healthy, and efficiency improvements helped boost earnings per share higher.
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Source Fool.com
