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After a stellar 2019, investors look ahead to 2020 for stock picks.

Analysts are skeptical that the stock market's gains, which are at more than 20% in 2019, will remain in the double-digit percentage range next year. They expect volatility to return in the midst of a U.S. presidential election.

Some investors wait for stocks to get cheaper before they step in and scoop upbuying opportunities. Companies poised to outperform, they say, will be ones that can continue to grow their earnings even if the economy slows.

From iPhone maker Apple to beverage giant Coca-Cola to e-commerce titan Amazon, USA TODAY offers 20 stock picks for 2020 based on research reports and interviews withWall Street stock analysts.

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It's not just about the iPhone anymore.(Photo: Apple)

Strong anticipated demand for Apples 5G iPhone next fall is projected to boost the company in 2020, according toPiper Jaffray analyst Michael Olson.In December, Olson reiterated his "overweight" rating on the stock and raised his 12-month price target to $305 from $290, citing robustiPhone demand andbetter-than-expected performance in wearables such as the Apple Watch, AirPods and AirPods Pro. Apple shares finished Thursday at $289.91.

Analysts at Bank of America named Microsoft one of the firms top software picks for 2020, driven by growth in the software giants cloud-computing unit that offers data storage. Analysts at the bank bumped up their price target on the stock to $200 from $162. Shares closed Thursday at $158.67.The stock outperformed the broader market in 2019, rising more than 50% whilethe S&P 500 rose nearly 30%.

Amazons stock is expected to benefit from strong growth in its cloud-computing and advertising businesses. Investors have been concerned about a hit to profits from the costs of one-day shipping and investments in Amazon Web Services, but those worries arelargely priced into the stock, according to UBS analyst Eric Sheridan. He gave the stock a "buy" rating with a $2,100 price target over the next 12 months. Amazon's stock closed Thursday at $1,868.77.

Looking for a stock that pays steady dividends?Coca-Cola can satisfy investors thirst with its stable earnings growth and ability to ride out volatility, analysts say. Sean King, analyst at UBS, gave the beverage giant a "buy" rating with a$63 price target. Shares finished at $55.02Thursday.

Disney is among one of the top stock picks in media, largely driven by the success of its entrance into the streaming world with Disney Plus. In November, Bernie McTernan, an analyst at Rosenblatt Securities, reiterated a "buy" rating on the stock amid strong subscriber growth and increased his price target to $175from $170, up from Thursday's close of $145.70.

Wall Street expects Nikes solid digital sales growth to continue as the company transitions from a wholesale retailer to a digital direct-to-consumer model. In a note to investors, Morgan Stanley analyst Kimberly Greenberger reiterated the firms "overweight" rating on the athletic-apparel company and raised its price target to $118 from $108. Shares of Nike finished Thursday at $100.71.

T-Mobiles stock is projected to rise over the next year despite what happens with its pending merger with Sprint, experts say. Jonathan Atkin, an analyst at RBC Capital Markets, maintained an "outperform" rating on the telecom giant and lifted its price target to $94 from $87, citing subscriber momentum. That's up from Thursday's closing price of $77.40.

Google parent Alphabet was among the worst-performing this year among its larger tech peers, but Wall Street keepsa close eye on the stock. The company was fined$1.7 billion this year for restricting rivals' adsin Europe, though some of its antitrust issues are beginning to wane. Jason Bazinet, an analyst at Citigroup,reiterated the firms "buy" recommendation and boosted its 12-month price target to $1,500 from $1,450. The stock ended Thursday at $1,362.47.

Investment banks and financial services companiessuch as Goldman Sachs are poised to benefit from the Federal Reserve keeping interest rates low next year because of the firm's lack of interest rate and credit risk, says Keith Horowitz, analyst at Citigroup. The bank upgraded shares of Goldman Sachs to "buy" from "neutral" and boosted its price target to $255 from $220.Thursday, shares closed at $231.21.

The slumping memory chip industry could be turning a corner. Analysts expectdemand for memory chips used in PCs, servers and USB drives to accelerate in 2020 as trade tensions thaw. Wedbush analyst Matt Bryson upgraded Micron to "outperform" from "neutral" and lifted his price target to $65 from $44, up from the stock's closing price of $55.11Thursday.

Shares of McDonalds underperformed the broader market in 2019, but its CEO shake-up, along with its innovative menu options and expansion of delivery capabilities, could drive revenue growth. Christopher Carril, an equity research analyst at RBC Capital Markets,initiated coverage on the stock in December with an "outperform" rating and target price of $218. The stock finished Thursday at $197.06.

PayPal is in the midst of winding down its financial ties to former parent company eBay, which some investors fear will be an earnings obstacle. Analysts say PayPal is in a strong position to drive account growth after forming partnerships with four high-growth platforms: Facebook, Uber, Paymentus and Mercado Libre. Mark Palmer, analyst at BTIG, reiterated a "buy" rating on PayPal with a price target of $130, up from Thursday's closing price of $109.75.

The production outlook for Diamondback Energy lookspromising. The driller, which has a strong balance sheet and reinvestsin growth, is based in Permian Basin in West Texas, the heart of the U.S. shale boom. The company is expected to grow oil volumes by double digits next year. Raymond James analyst John Freeman maintained a "strong buy" rating on the stock with a $110 price target. Shares ended Thursday at $91.31.

Visa headsinto 2020 on an upbeat note, driven by robust credit card spending during the busy holiday shopping season. Higher spending on credit and debit cards is forecast to drive profit and revenue growth in the coming quarters. Morgan Stanley analyst James Faucette raised his price target for Visa to $220 from $207, up from Thursday's closing price of $189.16.

Analysts at Goldman Sachs are bullish on United Health, the parent of the nation's largest health insurer, because of the companys projected earnings growth. Analysts at the firm gave United Health a "buy" rating, with a $330 price target. Shares tradearound $295.

Netflix, which missed its subscriber-growth targets for two straight quarters,facesmore competition next year. Rival streaming services jumping into the fray include Disney Plusand Apple TV Plus, along with traditional media companies such as NBCUniversals Peacock and WarnerMedias HBO Max. Still, Wall Streets forecasts for the subscriber growth of Netflixare too low, according to Heath Terry, analyst at Goldman Sachs. He maintained his "buy" rating on the stock with a $400 price target. Shares finished Thursday at $332.63.

Teslas fourth-quarter profitability is on an upward trajectory, thanks to strong demand for its Model 3 sedan, experts say.Dan Ives, analyst at Wedbush, raised theautomakers 12-month price target to $370 from $270. That's down from its closing price of $430.94Thursday. If Tesla is able to sustain its level of profitability and demand in Europe and China, it could open the door to a new chapter of growth for the company, he said.

Some analysts are bullish on Salesforce because of the cloud software companys long-term growth prospects. The company seeks to grow inareas beyond cloud applications such as data visualization tools with its $15billion acquisition of Tableau.This month, JPMorgan analyst Mark Murphy reaffirmed his "overweight" rating for the stock with a $200 price target, up from its closing price of $164.51 Thursday.

Investors eyeAmerican Electric Power because of the utility company's growing profits. The companybenefitsfrom investments in renewable generation. The company added wind facilities to its generation fleet, which is projected to contributeto earnings growth, analysts say.ScotiaBank changed the rating for the stock to "sector outperform" from"sector perform" and lifted its price target to $102 from $93. The stock ended at $93.88 Thursday.

Analysts grow more bullish on Uber, now that its embattled co-founder and former Chief Executive Travis Kalanick is leaving the companys board. Analysts at Wedbush gave the stock an "outperform" rating with a $45 price target, adding that Kalanicks exit will put management on a forward path. Shares closed at $30.67Thursday.

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20 stocks to buy in 2020: Apple, Amazon and Disney are among favorites of Wall Street pros - USA TODAY