From “Nasdaq”: 2024-05-01 08:00:00

In 2024, a market rotation seems to be underway after a strong recovery in tech stocks in 2023. While tech stocks are down this month, old economy sectors like energy and utilities are performing well. This shift could provide new opportunities for investors looking for a change in market dynamics.

Gold ETF (GLD) is a strong buy option due to rising inflation and deficit concerns. Gold demand has increased, with retail and central bank demand rising significantly. Meanwhile, U.S. Oil Fund ETF (USO) is gaining momentum due to geopolitical escalations impacting global oil prices.

Global X Uranium ETF (URA) is positioned for growth as demand for uranium outstrips its supply. The energy output required for AI buildout is also expected to drive demand for uranium. These trends suggest that commodities may present better investment opportunities in 2024 compared to equities.

Investors looking for high-growth opportunities should consider Zacks’ recommendations for stocks set to double in 2024. These picks have the potential to soar significantly, offering a chance to capitalize on lesser-known stocks with the guidance of Zacks experts.



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