Are you looking to start 2020 by adding some new names to your portfolio?
Bob Doll, chief equity strategist with Nuveen, wrote about his 10 predictions for 2020.
One prediction he made?
That non-U.S. stocks would outpace U.S. stocks in 2020.
"The U.S. economy recovered more quickly post the Great Recession and also grew faster and longer, helping U.S. stocks beat non-U.S. markets for most of the past decade. Nevertheless, some reacceleration of non-U.S. growth and a weaker U.S. dollar — coupled with more attractive non-U.S. equity market valuations — lead us to believe that the U.S. markets will finally lag in 2020," Doll wrote in his report.
Doll joined TheStreet to discuss whether or not now is the time to add a non-U.S. name to your portfolio.
"We're finally at the point where we think economic growth outside the U.S. is going to improve. That coupled with the cheapness of non-U.S. stocks compared to the U.S. and probably some weakness in the U.S. dollar caused us to think this could be the year that non-U.S. stocks win," said Doll.
Watch the full video above for more.
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