Whether you’re a long-time investor or just getting started in the market, there are thousands of opinions about which stocks are right for your particular situation. Our analysts have crunched the numbers, and come up with a short list of some of the best stocks for 2017.
Some of these stocks are priced under $10 for our value-focused investors, while others have a higher entry point. This blended list should have something on it for everyone — and you might just find your ideal stock within the list.
Where to Invest in 2017
Politics always play a part in the stock market, and while the positive bullish market is expected to continue throughout the year with gains likely to be more moderate. Traditional wisdom has investors ditching stocks in May and taking a long summer holiday, but there are plenty of stocks that are worth picking up even during the hot months of the year.
While there are continued risks to investing, the market is expected to continue solid growth with big-ticket purchases such as that of Amazon (AMZN) surprise bid to buy Whole Foods (WFM). Barring unforeseen circumstances, even the political upheaval of the past seven months cannot upset the positive trends of the market as a whole.
Market Volatility
Part of the measure of market volatility in the United States is the reaction of markets to changes in the world market, but the correlation doesn’t seem to be holding true as it has in the past.
Even with Brexit-related turmoil in the UK and concerns about a slowing economy in both India and China, the U.S. market is holding strong and continues to gain ground. Investors continue to hope that government leaders will be able to make good on their promises to grow infrastructure while rolling back growth-prohibitive tax laws.
Even the tech sector — which experienced a brief moment of panic earlier in the year due to a potential over-valuation concern — continues solid and steady growth.
Top Stocks for 2017
From small caps to large, inexpensive options to some that may make your pocketbook shudder, these top stocks for 2017 are some of the best bets of the summer and beyond. Focused leadership, strong strategy and overall good products and services make these front runners rise to the top of the crop.
1. Technology: From Google (GOOGL) to Microsoft (MSFT), S&P 500 tech companies are expected to log record double-digit growth in 2017. The race towards cloud computing and electronic payments has boosted profits at Microsoft and transaction processors such as Visa (V). Recent challenges around cybersecurity has infrastructure companies such as Palo Alto Networks (PANW) rising in importance as well. Data storage and protection are also great options, with stocks such as Quantum Corporation (QTM) offering data storage to businesses — while helping investors maintain their earnings.
2. Financial: With the rise in short-term rates, financial stocks deserve a second look, too. The aggressive expansion of financial giants such as TD Ameritrade (AMTD) and J.P. Morgan (JPM) make them favorable options, and they will continue to benefit from upcoming tax cuts. High-end retailers who cater to the wealthy will also benefit as tax rates for this sector are expected to stay stable for the time being.
3. Health Care: Surprisingly, health care stocks are on the hot-to-watch list for 2017, even more so with the upcoming expected changes to healthcare legislation. Drugs and biotech firms in particular were expected to nose-dive, but with the win of President Trump, they are well-positioned for growth and the market remains highly optimistic. Consider investing in stalwarts such as Alexion Pharmaceuticals (ALXN) and UnitedHealth Group (UNH).
4. Oil and Gas Production: Natural resources have an implied upside potential with high double-digits according to most analysts. Some stocks to consider in this sector include Range Resources (RRC), Newfield Exploration (NFX), Pioneer Natural Resources Co (PXD) and Anadarko Petroleum Corp (APC). This isn’t to say they’re the only options, as there are some more reasonably-priced alternatives that still offer a solid return, such as Devon Energy Co (DVN).
5. Inexpensive Stocks: Looking for a low price-point to start investing? Here’s a few stocks that appeal to the budget-conscious guru. Tecogen (TGEN) shares are available for under $10, yet this electricity, hot water and air conditioning installer is a hot option. Sorl Auto Parts (SORL) is another budget alternative that won’t leave you with buyer’s remorse. Finally, Radiant Logistics (RLGT) provides global supply chain management and has solid earning potential.
While current stock price isn’t the only consideration in your buying decision, these sectors offer you the option to purchase quality stocks that have a significant growth and earnings potential.
Regards,
Ethan Warrick
Editor
Wealth Authority
