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Friday, December 27, 2019

Barron’s names 10 top stocks for 2020

Alphabet (NASDAQ:GOOG), Amerco (NASDAQ:UHAL), Anthem (NYSE:ANTM), Berkshire Hathaway (NYSE:BRK.A), Comcast (NASDAQ:CMCSA), Dell (NYSE:DELL), Pfizer (NYSE:PFE), Royal Dtuch Shell (NYSE:RDS.B), United Technologies (NYSE:UTX) and ViacomCBS (NASDAQ:VIAC) are next year’s 10 top stocks, according to Barron’s.
GOOG is reasonably priced given its growth prospects and dominant competitive position, Barron’s believes, adding the stock could get a lift if the company takes such steps as boosting its stock buyback program, curbing expenses growth and offering more financial transparency.
Wall Street is not thrilled about the earnings impact of PFE’s spinoff plans, but Barron’s thinks the valuation on the new company looks appealing, citing management’s expectation of 6% annualized sales growth through 2025, which could produce 10%-plus yearly EPS gains.

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