With a new year upon is, it’s time to think about your 2020 portfolio.

While 2020 could be rocky with the U.S. elections nearing, we’ve spotted some of the strongest stocks to own now that could double, if not triple your investment.

Opportunity No. 1 -- Qualcomm (QCOM)

Qualcomm invents breakthrough technologies that transform how the world connects, computes and communicates, says the company.

“When we connected the phone to the Internet, the mobile revolution was born. Today, our inventions are the foundation for life-changing products, experiences, and industries. As we lead the world to 5G, we envision this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT - including smart cities, smart homes and wearables.”

Qualcomm is a stock you’ll hear a lot about in the New Year, especially with the 5G rollout.

First, QCOM expects global smartphone makers to ship up to 450 million 5G handsets in 2021, and another 750 million by 2022.  Two, Bank of America just reiterated its buy rating on the stock with a price target of $100.  All thanks to its future revenue opportunity with Apple.

“Starting next year, if all iPhone models include 5G capabilities, Apple could contribute nearly $4 billion in cumulative sales to Qualcomm by fiscal year 2022,” they said, as quoted by Barron’s.  Better yet, most 5G phones will need QCOM chips.

Opportunity No. 2 – Canopy Growth (CGC) 

"The worst looks over” for the stock, said Bank of America, which also upgraded the stock to a buy rating from neutral.  Better, the House Judiciary Committee just advanced a bill that would lift the federal ban on cannabis known as the Marijuana Opportunity Reinvestment and Expungement Act (More Act).

“Our marijuana laws disproportionately harm individuals and communities of color, leading to convictions that damage job prospects, access to housing, and the ability to vote.” Committee Chairman Jerrold Nadler said, as quoted by MarketWatch.  “Recognizing this, many states have legalized marijuana. It’s now time for us to remove the criminal prohibitions against marijuana at the federal level.”

Opportunity No. 3 – Micron Technology (MU)

Analysts at Cowen just upgraded the stock to outperform with a price target of $70 a share.  They also said that the new 5G phones will use 50% more memory than current phones -- with the smartphone industry representing about 40% of DRAM memory demand.  That's a substantial catalyst for shares of Micron, as well.  Rosenblatt analysts have a price target of $100, noting that, "Micron is clearly a better company in virtually all dimensions, with a richer/stickier product stack, a model that is delivering 50% FCF to investors."