5 Bold Market Predictions For 2020

The energy industry has had a tough time since oil prices plunged below $30 a barrel in early 2016. Even with prices recovering, there simply has been little momentum for energy stocks as crude struggled between $40 and $60 over the last few years.

With a China trade deal behind us and the economy still humming, my prediction for 2020 will be a turnaround story. I expect $70+ oil and the energy sector to benefit from continued global demand. 

Prediction #5: Tech Giants to Get Even Bigger
By Madeleine Johnson

I expect that Amazon and Microsoft will continue to dominate the cloud industry; Netflix will still be the number one streaming service thanks to its international expansion, and Apple will see double-digit revenue growth in its Services and Wearables thanks to the strength of its brand.

What investors should do, then, is be bullish on these stocks, especially with a trade deal now on the table and the U.S. economy still growing. If the market experiences a pullback, take advantage. Buy the dip and get your most-wanted stocks at a discount. Most importantly, make sure your portfolio is diverse, with value, growth, and income positions to help capture those gains. 

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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this ...

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