It might be hard to believe, but in just eight weeks we’ll be saying our goodbyes to 2019. Although investors have endured a couple of short-lived rough patches, it’s been an exceptionally strong year for the stock market. The broad-based S&P 500 (INDEX: ^GSPC) is up 22%, the iconic Dow Jones Industrial Average (INDEX: *DJI) has gained 17%, and the tech-heavy Nasdaq Composite (INDEX: ^IXIC) has returned almost 26%.
How good are these returns? Well, let’s just say that the S&P 500, inclusive of dividends and when adjusted for inflation, has historically returned 7% annually, with the Dow closer to 5.7% a year, on average, over its 123-year history.
And it’s not just these indexes that stand out. Of companies with a market cap of $300 million or larger, 120 have gained at least 100% year to date, through Nov. 1. Just because the calendar is about to change over to a new year doesn’t mean this optimism can’t carry over.
If you’re looking for a number of intriguing investment ideas for next year, consider these 20 stocks as possible candidates to double your money in 2020.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.