Wall Street analysts at CNBC combed through mountains of research to find the internet stocks they like best for 2020. (CNBC)
2019 was a great year for internet stocks and many Wall Street analysts expect the good times to continue in 2020.
The S&P 500 finished 2019 up 28.9% in large part because of the so-called FAANG stocks, which include top internet names like Facebook and Amazon. Facebook ended the year up 56.6% while Amazon jumped 23%.
Analysts told clients this week there’s more to come from those companies as well as some others including Shopify, Zillow, Alphabet, Netflix, and Alibaba.
After yet another record setting holiday season, Amazon continues to be one stock all investors must own according to Argus.