For the final PreMarket Prep of 2019, we invited a few of our favorite guests from the year to share a bullish pick and bearish pan for 2020. To say the sentiment was overwhelmingly bullish for the broad market would be a gross understatement.
Herer's what our guests are forecasting, with timestamps from each guest appearance in parentheses.
Pick- Amazon.com Inc (NASDAQ: AMZN) will go “at least 50% higher,” Parets said. That would put the issue at $2,803 by the end of 2020.
Pan- 20 Year Treasury Bond ETF (NASDAQ: TLT). Parets sees a major rise in interest rates, with the 10-year Treasury rate going from its current rate of 1.9% to 3%. This would have a very negative effect on bonds and utilities.
Pick- Emerging markets or MSCI Emerging Market ETF (NYSE: EEM). Fromhertz said it’s time for emerging markets to play “catch-up” to the U.S. markets.
Pan- GameStop Corp. (NYSE: GME)
Pick- Cyberark Software Ltd (NASDAQ: CYBR), or more broadly, the Prime Cyber Security ETF (NYSE: HACK). Baiynd is betting on companies increasing their spending on cybersecurity, and she likes the $118 level Cyberark is ending 2019 at.
Pan- Bitcoin or the Grayscale Bitcoin Trust (BTC) (OTC: GBTC). While she likes cryptocurrency as an idea, Baiynd said governments will eventually step in and squash them out in favor of fiat currency.
Pick- Ambarella Inc (NASDAQ: AMBA). Forman sees Ambarella as a direct play on surveillance technology and self-driving cars.
Pan- Forman said he would shy away from legacy technology issues such as Hewlett-Packard Enterprises (NYSE: HPE) that have “zero growth.”
Pick- Invesco QQQ Trust Series 1 (NASDAQ: QQQ). Sticking with a fund he's been long since the financial crisis, Glick sees the QQQ rising to $250 next year.
Pan- United States Steel Corporation (NYSE: X). Glick says U.S. Steel is “Going to zero.” It's a classic “revenge trade” for him, emanating from a previous long trade earlier in the year.
Listen to the full segments with each guest in the podcast below, or watch the clip on Youtube here.
PreMarket Prep is a daily trading show hosted by prop trader Dennis Dick and former floor trader Joel Elconin. You can watch PreMarket Prep live every day from 8-9 a.m. ET here. The replay can be found on Benzinga's YouTube channel, and the podcast is on iTunes, Google Play, Soundcloud, Stitcher and Tunein.