I kicked off the new year with a little stock shopping, something that I did (rather successfully) a year earlier. I initiated positions in four stocks on the first day of trading in 2020, and I figured I would get into why I think this collection of investments has a strong chance to beat the market in the year ahead.
I invested in Pinterest (NYSE: PINS), Luckin Coffee (NASDAQ: LK), Peloton (NASDAQ: PTON), and Dropbox (NASDAQ: DBX) last week. One thing that they all have in common is that they went public over the past two years, with all but one of them hitting the market in 2019. Investing in IPO stocks is risky, but I don't mind taking chances for the right investments with that new-stock smell. Let's go over why these four new stocks found their way into my portfolio.
Peloton's loyal connected subscribers are not going anywhere -- literally and figuratively. Image source: Peloton.
Source Fool.com