Beside the pot industry, two particular sectors are expected to move higher in 2018
As the year nears its end, investors are starting to plan their strategies for next year, looking at the potential sectors to invest in to.
The most obvious sector to is the marijuana industry, with the impending legalization of recreational cannabis boding well for the sector. Interestingly, the millennial generation is seen to spur growth in pot investments. However, industry watcher Ryan Goldsman, in his commentary on the Motley Fool, said two other sectors are projected to move higher next year.
Goldsman said the online sales sector is seen to sustain its momentum. One such manifestation is the surge in Amazon.com's shares, which for the first time, went over $1,100. He said, "It became clear to everyone that online sales were not going to be stabilizing anytime soon."
With this, Canadian investors might take part in something closer to home and consider stocks in Shopify and Constellation Software. Recent earnings report of Shopify reflected the mushrooming in the online sales channel, with revenues jumping by 71% for the past quarter.
"There are still many opportunities with significant upside for investors as the pie keeps getting bigger," Goldsman said.
Also Read: How rising protectionism could impact stocks
Another sector which is forecast to welcome bright days ahead is the oil sector, which is generally a more attractive option for investors looking for a sector that is more established.
In fact, Goldsman said shares of oil firms have started to revert back to pre-crisis levels, as the price per barrel has already stabilized over the US$50 mark and trending towards US$56.
"Although low oil prices have led to very difficult times for many companies, the reality is that companies do adapt during those times and the cost to produce a barrel of oil declines accordingly resulting from deep cost cuts," Goldsman said.
Some stocks to watch out for are the Crescent Point Energy and Baytex Energy. Both of which possess greater risk-reward for investors. For instance, shares of Baytex. at $3.5 per unit, have the potential to double in value if oil were to push back up to US$60.
"With so many individual securities to choose from in both the oil and the online sales sector, investors are in the best possible position to have a fantastic end of the year and incredible 2018," Goldsman said.
For more of Wealth Professional's latest industry news, click here.
Related stories:
Is it time to add some REIT exposure?
Time to go bearish on North American stocks?
The most obvious sector to is the marijuana industry, with the impending legalization of recreational cannabis boding well for the sector. Interestingly, the millennial generation is seen to spur growth in pot investments. However, industry watcher Ryan Goldsman, in his commentary on the Motley Fool, said two other sectors are projected to move higher next year.
Goldsman said the online sales sector is seen to sustain its momentum. One such manifestation is the surge in Amazon.com's shares, which for the first time, went over $1,100. He said, "It became clear to everyone that online sales were not going to be stabilizing anytime soon."
With this, Canadian investors might take part in something closer to home and consider stocks in Shopify and Constellation Software. Recent earnings report of Shopify reflected the mushrooming in the online sales channel, with revenues jumping by 71% for the past quarter.
"There are still many opportunities with significant upside for investors as the pie keeps getting bigger," Goldsman said.
Also Read: How rising protectionism could impact stocks
Another sector which is forecast to welcome bright days ahead is the oil sector, which is generally a more attractive option for investors looking for a sector that is more established.
In fact, Goldsman said shares of oil firms have started to revert back to pre-crisis levels, as the price per barrel has already stabilized over the US$50 mark and trending towards US$56.
"Although low oil prices have led to very difficult times for many companies, the reality is that companies do adapt during those times and the cost to produce a barrel of oil declines accordingly resulting from deep cost cuts," Goldsman said.
Some stocks to watch out for are the Crescent Point Energy and Baytex Energy. Both of which possess greater risk-reward for investors. For instance, shares of Baytex. at $3.5 per unit, have the potential to double in value if oil were to push back up to US$60.
"With so many individual securities to choose from in both the oil and the online sales sector, investors are in the best possible position to have a fantastic end of the year and incredible 2018," Goldsman said.
For more of Wealth Professional's latest industry news, click here.
Related stories:
Is it time to add some REIT exposure?
Time to go bearish on North American stocks?
