The market is looking great as we head into the third quarter of the year. Despite concerns like the Trump investigations and the recent interest trade bump from the Federal Reserve, things are at an all-time-high.
Unemployment figures look great. The housing market is as good as it has been since back in 2007. And our firm is slated to see up to a 15% return on our aggressive portfolios by year-end.
Below we’ve listed an update on some of stocks the team here at Sloy, Dahl, and Holst said it liked back in January.
We are still big fans of Tesla. At the beginning of the year, Tesla was at $216/share. We guessed the stock could reach $300/share by the end of 2017. Here we are just half way into the year and Tesla is slated to reach up to $450/share by December.
Apple has been doing great. The stock is currently sitting at $150/share, and with the company slated to release a new product in a few months, we expect this stock to remain high.
Amazon & Alibaba
Amazon and Alibaba are two other companies we feel good about. Currently Amazon is at a large $1024/share and Alibaba is closer to Apple at $151/share.
Bank of America
Coming in last but not least is Bank of America at $23/share. While we’ve seen banking stocks go pretty quiet this year, we believe this sector will eventually give us a great value-- especially as we see interest rates filter back into our economy.
Thank you for your continued confidence. We are glad to report that this year has been great, so far. We expect to see the market quiet down a bit over the next few months, and then rally again in October or November.