The most prospective stock industries to invest in this season

Knowing where to invest your money is one of the biggest challenges of investing in the stock market. Because what is successful today is not guaranteed to be successful tomorrow, you’re taking a risk each time you purchase new stock. However, when you make educated guesses about where to put your money, you can come back with some big rewards.

This season, there are four major industries with potential for seeing major growth. Let’s take a look at what industries you should keep your eye on, as well as some particular stocks you may want to consider investing in.

Technology

There is no doubt about it — we’re in the middle of the tech boom. As more apps, software and tech programs are released every day, it’s natural that everyone is looking to get in on the next big thing.

Knowing what will become the next Facebook is difficult to predict. Those interested in investing in the tech industry may want to consider purchasing stock from established giants instead, such as Alphabet or Amazon. Because both companies are looking to take on new projects starting this year, there is a good reason to hope for some returns.

Mobile Apps

While some may put mobile apps under the same umbrella as tech, just about every industry is getting involved in the app game.

Because mobile apps are changing the way we use the internet, it may be worth investing in some of the best mobile app developers out there. Agencies Ranked lists Five, Cheesecake Labs and BetaBulls as some of the top app developers out there.

The world of mobile apps is incredibly diverse, so there is something within this industry for everyone. Game producers like Activision Blizzard and Sony Corp. are both strong investments to make this season.

Steel

Steel is just one of the industries expected to grow under the Trump administration. Because the steel industry has been in a lull for the past few years, those interested in purchasing stock in steel can get in while prices are low. Buying steel stock this season can bring you high returns when the industry starts making new gains.

There are many different steel stocks that you can invest in. Two you may want to consider are the United States Steel Corporation and Nucor Corporation. Both these companies are at the top of the steel industry, meaning you can expect them to see the biggest benefits of a new steel boom.

Military and Defense

With the current events in Syria and North Korea, it can feel like the entire world is on edge. For the United States, this means we’re looking at a major bump in military spending. If Trump’s plan to boost the military and defense budget follows through, the stocks associated with those new purchases will see some serious returns.

Military and defense is another incredibly broad industry with something for everyone. If you’re looking for recommendations for companies to invest in within the military and defense industry, consider Huntington Ingalls Industries or Hexcel Corporation. Both are viewed as incredibly strong investments at this time.

Popular stocks and industries are always changing, so it’s important to stay informed about news items or trends that may sway these recommendations. However, technology, mobile apps, steel and the military are all sound investments that you may want to consider making this season.

If you’re serious about getting some returns on your stock market investments, consider purchasing stock in a few of these recommended companies. When you diversify your portfolio, you increase your chances of finding success with one of your investments. Putting your money in many different areas can give you better results.

—

DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.