Stock Market Hits a New High, Here’s What to Buy
The stock market broke out to a new high today, and now is the time to get out of cash and into stocks. Growth stocks that is.
Since last July defensive areas like Bonds, Gold, Utilities and Food & Necessities lead the market. Last week the ratio of assets in those areas hit extremes that almost always lead to a correction. In my opinion, the top is here for safe assets and this is the time to invest in growth stocks is now.
BREXIT is turning into a positive for U.S. stocks as International investors (1) are making slim to negative returns at the bank (2) drops in their currencies are losing them money (3) American stocks (and banks) are seen as safer investments.
Another positive sign is the number of stocks that have been breaking out and heading higher. Here are my top selections for the New Bull Run.
David Sharek is stock portfolio manager and CEO of DavidSharek.com. David believes a company's profits ultimately drive the price of its stock. His book The School of Hard Stocks can be found on Amazon.com.