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Technology Which Pot Stocks Can Double in Value in 2020?

11:45  28 january  2020
11:45  28 january  2020 Source:   fool.com

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Which Pot Stocks Can Double in Value in 2020 ? My Bold 10-Year Predictions About Marijuana Stocks . Can you still take advantage? Fortunately, 2020 could be Kirkland’s best year yet. Even if a recession hits, this company is primed for success.

Here are 10 stocks that have a strong potential to double for 2020 . Teva Pharmaceutical Industries is a giant in the pharmaceutical industry that experienced a loss of half its value by 2019. We start with the four years of poor performance due to opioid lawsuits, high levels of debt, weakness in generic

Jars of marijuana© Provided by The Motley Fool, Inc Jars of marijuana

Nearly every pot stock doubled in value in 2018. Some quintupled in value.

Last year was a different story. In 2019, any company related to marijuana was hit hard. Cannabis ETFs finished the year down more than 50%.

The pullback has laid the groundwork for another bull run in 2020. Many investors have been scared off, but these are exactly the conditions you need for a sharp reversal.

Some of the highest-quality pot stocks are now trading at bargain valuations. If you’re willing to take a calculated risk, you could double your money this year with the following stocks.

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In 2019, I picked 7 stocks that could double and four of them did. We all know that growth stocks with momentum can often sustain price tags above their fair values . The Fundamentals: Alongside every other pot stock out there, shares of leading Canadian cannabis producer Canopy Growth got

So can CGC double in 2020 ? Sadly, even if it can, the stock still won’t take out its 2019 highs. From its lows, a double would take Canopy Growth stock to just .62. I’m looking to see if marijuana stocks can find some upside momentum in 2020 .

Go for gold

Green Organic Dutchman Holdings (TSX:TGOD) has more near-term upside than any other stock in the industry. With a market cap of just $210 million, it’s not difficult to see the company surpassing a $500 million valuation this year. In fact, only a handful of things need to happen.

In 2018, Green Organic was a multi-billion-dollar firm. What happened? While the stock was swept up in the cannabis bull market, investors also fell in love with its powerful partnership with Aurora Cannabis, which was worth more than $10 billion.

Aurora was a heavyweight in the industry, and the partnership committed it to buying a large portion of Green Organic’s pot production and obligated it to help construct the company’s new grow infrastructure. Having the guidance, capital, and influence of a major cannabis partner was a huge advantage for Green Organic.

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Buying growth stocks in an election year is generally ill-advised. During the 2016 presidential election cycle, growth stocks , on balance, dramatically underperformed the broader markets, whereas value stocks as a whole produced market-beating Heron Therapeutics is poised to be that stock in 2020 .

Wright sees further gains for stocks in 2020 thanks to decent economic growth, low rates, and the apparent resolution of geopolitical risks like Brexit Citing ROICs in the low double -digit range, Wright doesn’t get why these names are being held back. “They are making money without a steep yield

Last year, everything fell apart. Aurora completely pulled out of the deal, selling the vast majority of its TGOD stake. The entire investment thesis for Green Organic vanished within weeks.

But the company continued to invest in itself. This year, it expects to produce at least 20,000 kilograms of organic cannabis, which fetches a 50% premium versus conventional pot. The stock has been left for dead, but this could be its biggest year ever. If the company can prove that its pot can sell quickly at premium prices, shares could reverse course very quickly.

But it’s not necessary to swing for the fences to generate impressive returns. The stock below has sizable upside with more mitigated risk.

Hedge your bets

Some pot companies still have their powerful partnerships, yet trade at discounted valuations anyway.

Cronos Group (TSX:CRON)(NASDAQ:CRON) stock fell from $29 to just $9 last year, resulting in a market cap of $3.4 billion. Yet its blockbuster deal with Altria Group (NYSE:MO), which has a $100 billion market cap, is just getting started.

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Stocks like Constellation Software Inc (TSX:CSU) could double in 2020 . If you want more picks with big upside, check out the rest of the companies on this list. According to reserve values , the stock could be worth double the current trading price. If true, management is essentially buying back stock

Although Warren Buffett is best known for buying value stocks , the fastest-growing stock in Buffett's portfolio (at least from a revenue perspective), StoneCo As you've probably caught on by now, this list of stocks that could double in 2020 is full of disruptors, and Livongo Health (NASDAQ: LVGO)

Last year, Altria invested $1.8 billion in Cronos, making the company its exclusive cannabis partner. This instantly made Cronos one of the most well-capitalized competitors in the industry. With a 50% market share for cigarettes in the U.S., not to mention world-famous brands like Marlboro, Altria has a proven track record of dominating regulated markets.

Despite the contraction in share price, Cronos has only started to leverage this relationship. In a decade, the company stands a good chance at being one of the largest pot companies on the planet. If the pot market rebounds this year, expect Cronos to be a top pick for new investment dollars.

You might be missing out on one of the biggest opportunities in Canadian investing history…

Marijuana was legalized across Canada on October 17th, and a little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

Besides making key partnerships with Facebook and Amazon, they’ve just made a game-changing deal with the Ontario government.

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Do Pot Stocks Belong in Retirement Portfolios? Buying Canada’s retail stocks isn’t a bad idea in 2020 , especially when the consumer economy is This position has been further strengthened after the chain bought a 50.1% stake in rapidly growing Latin American value retailer Dollarcity last summer.

Unphased by some risk? If the answer is yes, then healthcare stocks might be the way to go. We see clinical data reports from any of the programs (likely in 2020 ) as key catalysts for CLLS story, and a clinical win could be a key to potentially unlock CLLS value ,” the four-star analyst noted.

This is the company we think you should strongly consider having in your portfolio if you want to position yourself wisely for the coming marijuana boom.

Learn More About This TSX Stock Now

More reading

  • Is Cronos (TSX:CRON) Stock a Solid Long-Term Bet?
  • Why Did Supreme Cannabis (TSX:FIRE) Stock Drop 70%?
  • Will Cronos (TSX:CRON) and Altria (NYSE:MO) Take Over the Cannabis Market?
  • Why Cronos (TSX:CRON) Stock Might Be the Top Pot Investment of 2020
  • 2 Small-Cap Cannabis Stocks to Bet on in 2020

Fool contributor Ryan Vanzo has no position in any stocks mentioned.

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