The market has hit an all time high for the year. Unemployment figures look great. The housing market (a big catalyst of the economy) is seeing its best numbers since back in 2007.
As we finish off the summer, we’ll probably see the market slid a bit. However, we’re still slated to see a 12% to 15% return on our aggressive portfolios by the end of the year.
Let’s review some of our top stock picks from the beginning of the year.
Tesla ($328/share) -- Tesla remains our favorite stock to watch. In January, we speculated Tesla would reac $300/share by the end of 2017. Now, our guess more like $450/share.
Apple ($150/share) -- Apple is doing well. We expect this stock to remain high throughout the year. Their newest iPhone will be released in a few months, which will continue driving value.
Bank of America ($23/share) -- Although banking stocks have been quiet this year, we believe this sector gives us one of the greatest values. We’ll be watching for interest rates to filter back into the economy and give this sector a boost.
What’s happening with the energy sector?
Gas and oil has been dropping. We anticipated this and carved away about 10% earlier this year. There may be some good buying opportunity within this sector as the summer months continue.
Overall, 2017 has been a very solid year. Expect the market to quiet down a bit over the next few months, and then pick up again toward the end of the year. If you have any questions before our next market update, please don’t hesitate to give us a call.