What will be the next hot growth sector?
OK we've had the dot.com boom, the gold rally, resources rally, oil rally, etc........What will be the next growth sector????
- Yada Yada YadaLv 71 decade agoFavorite Answer
Metals will continue to be hot. It's pulling back a little now, but these components will be in great demand in India, China, etc. as those markets grow. They'll need to get the metals (copper, titanium, nickel, silver, etc) and uranium from somewhere. ;-)
Take a look at some of the 4 yr charts and you'll see the tip of the iceberg.
- 1 decade ago
Energy is still a hot sector; the sharp decline in oil prices is due to the mid term elections in my opinion.
There are no real changes in supply-demand for energy worldwide. It's true that they found a new oil field in the gulf of Mexico but that oil will come on the market in 2010 and the Iraqi oil is not to buy yet also.
My answer to your question is alternative energy stocks, especially the solar sector and companies like DSTI that don't use silicon to produce solar panels.
This is a multi-year/decades bull market.
- STEPHEN JLv 41 decade ago
whatever the next hot sector is, it'll burn out eventually. The hotter they burn, the faster they go out. Go for something that will grow at a steady pace, it'll be more reliable, and reliability is very valuable.
- vanamont7Lv 71 decade ago
If that could be predicted the Big Dogs of Wall street would be parking armored trucks in front of whatever it was right now.
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- Hoa NLv 61 decade ago
The baby boomer will determine the healthcare sector