Ten portfolio managers pick one stock in their portfolios they feel could outperform the pack in 2020
Bullish investors with a penchant for growth stocks were once again victorious in 2019 after the S&P/TSX Composite Index delivered its best performance of the decade and the S&P 500 gained 30 per cent. Market watchers are mostly expecting another solid year in 2020, but potential returns might be delivered by a different group of stocks than those that powered the market forward in 2019.
Norman Levine thinks of Berkshire Hathaway as the “ultimate value stock.” The Omaha, Neb.-based conglomerate has been mired in a holding pattern for the past two years, trading between US$185 and US$220, but finally “stuck its nose up” in late November, he said. Value stocks have grossly underperformed momentum stocks for the past three years, Levine said, but investments in the former have picked up, hinting that a full market shift toward them could occur in 2020.
Diamond Estates Wine and Spirits has twice filed for bankruptcy in its brief history, but David MacNicol isn’t concerned it is heading for a third. Diamond Estates is his play on wine becoming available for purchase at convenience stores in Ontario. The company’s stock is trading just above 20 cents, but MacNicol expects that may change due to a reverse split in 2020. The best thing that has happened to the Niagara-on-the-Lake, Ont.
Boyd Group Income Fund has “the most beautiful 10-year chart you’ve ever seen,” Jason Del Vicario said. The Winnipeg-based collision repair shop operator’s stock has grown to more than $200 from $5.45 during those years, with just one deep selloff at the end of 2018. In 2020, the income trust plans to convert to a corporation, which Del Vicario expects will result in more attention from foreign investors, given that any limitations on them imposed by the income trust structure will be dropped.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Foegele, Carolina Hurricanes stay hot against Washington Capitals in win - TSN.caWarren Foegele seems to play his best against the Washington Capitals. Foegele had a career-high four points with two goals and two assists to lead the Carolina Hurricanes to a 6-4 win over the Capitals on Saturday night.
Read more »
After dismantling NDP policies, Jason Kenney eyes growth in 2020In 2020, the goal of the Alberta premier will be to get traction on his signature promises to bring in more jobs, boost the economy, get more pipelines going and balance the books in three years
Read more »
4 bold predictions for Canadian football in 2020 - Sportsnet.caWill Halifax and the Martimes finally get a CFL team? We have bold calls on that and more in our 2020 predictions.
Read more »
How we will travel in the decade aheadI suspect that in 2020 we will start to move beyond the selfies and pretty dresses and begin to use social media to brag about being better supporters of the planet
Read more »
Here’s what’s in store for Canada’s economy — and businesses — in the new yearFrances Donald, chief economist at Manulife, talks about what to expect from the health of Canada’s economy in 2020
Read more »