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How to Take Advantage of the Market Rally

It looks like the markets are in the midst of climbing over a “wall of worry,” says Alec Young at Standard & Poor’s. He expects the market rally to continue and for investors to start putting their money to work.

“We’re going to get a gradual recovery in the economy and earnings as we move into next year and that’s what’s driving the [market] gains here,” he told CNBC.

Young recommended investors to look into the following sectors:

Technology

Health Care

Telecom

Energy

“The reason why the group is rallying is because people realize that [tech] companies still want to become more efficient in these difficult times and they can help,” said Young. “So as investors look to place bets on where spending is going to bounce back first, we think tech fits the bill.”

(Click here to see what Rob Morgan at Clermont Wealth Strategies recommends...)

Disclosure:

Disclosure information for Alec Young was not immediately available.

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Top Technology Companies:

IBM

  • IBM Cuts Sun Micro Bid to Between $9 and $10 a Share

Research in Motion

  • RIM Gets Ready to Rumble, Readies Blockbuster Blackberry

Google

  • Google Forms $100 Million Venture Fund

Intel

  • GE, Intel to Develop New Medical Monitoring Devices

Apple

  • The Wacky Wireless World of Apple, RIM And Palm

Disclaimer

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