Bary said he’s looking at Google parent Alphabet and called it “a phenomenal company.” He said it’s “trading at pretty reasonable valuation” and “concerns about antitrust are overblown.” He said Alphabet is a better pick than Apple because “Alphabet earnings are growing much more quickly.”
Bary named Warren Buffett-owned Berkshire Hathaway as another good pick for 2020.
He said the businesses within Berkshire Hathaway, such as Geico and Burlington Northern Railroad, are promising.
“ViacomCBS is a content factory, enormous amount of programming,” he said. “I think potentially Apple might be interested in buying the company down the road.”
Bary said Comcast will be a good pick as well going into the new year.
“Their best business now is broadband, which is high-speed Internet connection through the home,” he said. “It's much better than the traditional cable TV business.”
Other top stock picks from Barron’s include Royal Dutch Shell, Pfizer and Anthem. See the full list on Barrons.com.