Need to Know: This strategist picked two blockbuster stocks in 2019 — here’s what he likes for 2020
A previous version of this story misstated the year in which strategist Andrew Milligan expects 5G-related assets to achieve popularity among investors. The story has been corrected.
The short holiday week begins with stocks hovering at all-time highs.
We’ll see if that turns into a good omen for the year to come but, for now, stocks are perking up, thanks to some positive chatter on the U.S.-China trade front. Note, trading volumes will likely start to thin out as investors begin their holiday vacations.
, the former “a little more developed-market orientated and the latter a little more emerging-market orientated,” he says.
Milligan believes that 2020 will be the year investors decide it is time to buy some 5G assets — the next-generation wireless technology that is set to roll out in 2020. “In the world of 5G, semi and smartphones, then Marvell is worth examining,” he said. Chip maker Marvell Technology
As for this history-setting bull market, this strategist says it could carry on in the year ahead, but like others, he believes it needs to be fueled by stronger company profits. Still, there are other things to cheer, such as a trade truce between the U.S. and China, and central banks pulling back on the urge to tighten up policy, he says.
Our chart comes from CNN’s Fear & Greed Index, a gauge of investor emotions that has been hovering lately in the Extreme Greed region — a far cry from the Extreme Fear range of a year ago. And a month ago it showed investors as just plain greedy.
“Right now, you’re looking at half of Netflix’s budget.” That was comedian and actor Eddie Murphy on American late-night comedy show “Saturday Night Live,” alongside other comedy legends, including Chris Rock. While exaggerating, Murphy and the others have reportedly signed million-dollar deals with the streaming video company.
Data showed durable goods orders tumbled in November, the Chicago Fed National Activity Index and new home sales on the way.
If Tesla & SpaceX go bankrupt, so will I. As it should be.
are climbing after a report the electric-car maker has agreed to a $1.4 billion five-year loan for its Shanghai car plant, sources told Reuters. Neither Tesla nor those banks involved responded for comment.
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