Investors are getting ready to take a hard look at their investments in 2017, and the most popular stocks are likely to perform well.
This year, the Dow Jones Industrial Average will likely rise by around 1,000 points, according to an index tracker.
That would be the biggest rise since 2008, when the S&P 500 was up 1,100 points.
Investors are also expected to buy a bunch of tech stocks.
Apple, for example, will benefit the most this year.
The iPhone maker is expected to benefit from lower prices and more efficient supply chains, said Michael C. Crandall, chief market strategist at S&p Capital IQ.
The Dow could also rally after the U.S. Federal Reserve begins easing monetary policy next week, Crandell said.
“The longer they wait, the bigger the upside potential for the Dow,” Crandard said.
Here’s a look at the stock picks for 2017:Investors will be watching for the return on the Dow as the Fed begins to ease monetary policy.
Crannell predicts the Dow will rise by about 1,200 points next year.
“If you’re looking at it now, that’s not going to be the case,” he said.
Cranell also said investors should keep their eyes on the tech sector, which is expected as well.
Crandsall also said a big catalyst for the stock market will be a Brexit vote, which would mean lower prices for many U.K. stocks, and a reduction in the Federal Reserve’s bond-buying program.
“I think there’s a real chance that the Brexit vote will have an effect on the stock markets,” Crannett said.