Thursday, January 24, 2013

2 Stocks That Could Easily Double In 2013

My bull call for 2013 is well on its way to becoming a reality.

The first several weeks of January have been amazingly bullish for the stock market, as you will see in the chart. If this trend continues, then 2013 could truly turn out to be a year to be remembered as super-bullish.

The Federal Reserve stimulus combined with the real estate recovery and ultra-low interest rates are fueling the market higher. As the majority of the "Fiscal Cliff" fears turn into a distant memory, the market has little choice but to push higher in this economic environment. Obviously, my bullishness is pending no extreme "black swan" type of event.

All the U.S. stock averages are up more than 4% so far this year, with small caps leading the way as the Russell 2000 is up more than 5%.
As you can see from the chart below, six out of nine sectors in the broad-based S&P 500 are pushing higher this year. Energy and health care are leading the pack, with technology and utilities lagging. (more)


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