ZEN - 3 Top Mid-Cap Stocks to Own Heading Into 2020
We get very contemplative at the end of the year. We review where we are in life. Often, it's a good reminder to look over our portfolio and consider making changes. Below, we'll review three mid-cap stocks that deserve a spot on your wish list heading into 2020.
You'll notice that all three have one very big thing in common: They use the software-as-a-service (SaaS) business model. That's not a coincidence. After spending money to build top-of-the-line solutions (the hard part), it costs very little to give customers access to the software. And the model often has a wide moat in the form of high switching costs.
But these three stand at the top of their class. As mid-cap stocks (valued between $3 billion and $15 billion), they all have lots of room to grow, too.