There’s no arguing that this has already been a highly political couple of years, and that continues today with President Joe Biden’s inauguration. But let’s push the politics to the side — as much as we can — and take a look at some of the top sectors to invest in for 2021.
WealthPress Head Trader Roger Scott and I sat down for our usual mid-week roundtable to talk about 2021, the continued coronavirus pandemic and, of course, the sectors we like.
I’ve talked a lot about the impact of the “blue wave,” especially in sectors like financials, which suffer under Democrats initially.
But we want stocks that make money no matter what.
No Need for Speculation With Our Top Sectors To Invest in for 2021
I hate trying to guess what’s going to happen, guys. Why would I want to speculate on whether a sector such as airlines is going to get its profits back up? That doesn’t help me right now.
Luckily, there are some areas that make money on their own right now — or could soon — and those are our primary focus.
Stocks like Netflix Inc. (Nasdaq: NFLX), which recently reported having over 8.5 million new subscribers. People all over the world are using Netflix, and that’s a company that isn’t going to stop making money. Those are the stocks that I like.
We’ve already touched on some of the other sectors poised for a breakout. Just yesterday, we talked about cannabis stocks, which I think could be the sector of the year. It’s definitely one of our top sectors to invest in for 2021.
I’m also watching Trulieve Cannabis Corp. (OTCMKTS: TCNNF), which has been opening new stores constantly. Roger has a few other cannabis stocks that he thinks will take off.
We also have some ideas involving emerging markets…
Watch our roundtable below as we reveal our top sectors to invest in for 2021 and much more about today’s market.
Make sure to email me your trading questions at jeff@joyofthetrade.com and subscribe to my YouTube channel.
P.S. The media is buzzing about Biden’s inauguration and what a Democrat-controlled government could mean for the U.S. economy and stock market.
Any time big news like this breaks, it has the potential to impact stocks and cause market volatility. And this new “changing of the guard” couldn’t come at a more tenuous time.
Trading expert Roger Scott has been warning his readers for weeks that the broader indexes are looking overstretched… meaning they could snap back at any moment.
We’re not saying this is going to be the catalyst that shakes up the market, but it doesn’t hurt to start preparing now for a changing climate.
To get you started, Roger and Tom Busby teamed up to bring you a timely training seminar. In it, they’ll show you how to spot stocks set to climb regardless of headline news or market volatility.
Click this link to see what Roger and Tom have prepared for you.
