I’ve been doing my best to help you make a profit this year by giving away all my favorite trade ideas.
Since you guys have been loving my videos, I thought I’d put all of my best stock predictions from 2020 in one place. Inside you’ll see how I used various stocks and sectors to position myself for profits.
These stock predictions from 2020 are recession-proof companies, or stocks that rebound quickly. That means these stocks will do just as well or even better when the economy goes south than they do when it’s strong.
They’re kind of like car auction sites. They do well in good times because of one reason and do well in bad times for another. They’re always making money because people are always wanting to buy cars.
The first ticker we’re talking about today (and probably one of my most favorite stock predictions from 2020) is Okta Inc (Nasdaq: OTKA).
Okta is a publicly traded cloud security company that provides cloud software to help other companies manage and secure user authentication into modern applications. It also allows developers to build identity controls into applications, websites and various devices.
Its stock price? The stock is trading cheap at around $260 a share. What I mean by cheap is that Otka didn’t sell off and its price is still relatively low compared to its valuation.
But there’s one thing we need to keep in mind. When the economy picks back up again, it doesn’t mean these stock predictions from 2020 will recede. In fact, they should go higher based on where they are right now.
The best stocks to watch out for are those that can withstand the relative strength levels we saw in 2020. This particular stock did just that, and happens to be one of the strongest stock predictions from 2020 we looked at.
If you’d like to catch up on all of my winning stock predictions from 2020, then be sure to check out my short video below. And if you didn’t get in on any of these predictions, don’t worry. There will be more where that came from in 2021.