Banks tend to perform better in a strong economy because demand for loans increases as companies borrow more to expand. Technology stocks and industrial companies also do better when other companies start to invest in new equipment. Airplane maker Boeing has gained 10.1 percent over the past month to $100."The thing that you want to buy in this economy, is growth â¿¿ wherever you can find it," says Ron Sloan, a senior portfolio manager at Invesco.
Investors Shift Focus To Growth Stocks
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.