The S&P may rally by 15% or more..... here's what to look out for
- Trading Tips
- 2 months ago
With the recent market dip a thing of last year, some analysts are claiming that we are at the bottom and the only way forward is up.
Therefore, one should begin using some buying power as the forecast, according to some, is that the S&P 500 will rally by 15% or more and here is some ideas in going ahead with those very plans.
You could simply buy the S&P 500, Nasdaq or the DJIA all showing strong signs of recovery as they got hit the hardest.
The energy sector also looks very attractive, names such as Matador Resources (MTDR) and Encana (ECA).
Also, not to miss out on is Vanguard Energy Index Fund (VDE) and SPDR S&P Oil & Gas Exploration and Production (XOP).
Looking at the industrials, there are promising signs when mentioning Air Products & Chemicals (APD) and Eastman Chemical (EMN) while ETFs such as Industrial Select Sector SPDR Fund XLI), Vanguard Industrial Index Fund (VIS) and Fidelity MSCI Industrials Index (FIDU).
Moving over into the financial sector, insiders seem to be rather bullish regarding Century Bancorp (CNBKA), B. Riley Financial (RILY) and Greenhill (GHL).
Tech of course is not to be missed as there are great opportunities with Intel (INTC), Appian (APPN) and SS&C Technologies.
However, do not get too passive on the FAANG stocks as regulators continue to probe Facebook and Alphabet an Apple’s sales revenue numbers not looking as promising, prompting speculations that the tech giant may be coming to an end of its innovative wave.
Source: Smart Trend Team