{Sectors to Watch for the Rest of 2023} They are Set to Soar for the Second Half

Continued strong discretionary spending and interest in AI could propel these sectors higher. Sponsored [Build Wealth 10x Faster By Doing This]( As you know, the stock market has been volatile lately, and there's a lot of uncertainty in the air. But we want to assure you that this is not the time to panic. In fact, it's the time to be buying stocks.[Go HERE to Get Their Names And Ticker Symbols]( By clicking the link you are subscribing to the Summa Money Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures](  Sector Spotlight: Identifying the Top Performers for the Rest of 2023 [Image]  Hello Stock Traders,  As we step into the latter half of 2023, I foresee two central trends steering the course: first, a surge in consumer spending on tangible goods; and second, the unstoppable wave of artificial intelligence (AI) sweeping across every sector.  Today, we'll be focusing on three sectors that are on the verge of experiencing a growth spurt courtesy of these trends.  Cast your minds back to June 5 when the Institute for Supply Management gave us some intriguing macroeconomic data. Non-manufacturing PMI had dipped from 51.9 in April to 50.3 the previous month.  On the flip side, we noticed an uptick in "orders for non-defense capital goods excluding aircraft," showing a 1.3% rise in April after a 1.4% increase in March.  All the economic tea leaves seem to hint that US factories are revving up their engines, anticipating a spike in demand for consumer goods in H2 2023.  Industry experts and companies are optimistic that consumer electronics demand will bounce back during this period.  On another note, AI has become the golden child of the business world, mesmerizing companies and consumers alike with its limitless possibilities. And it’s not done yet.  Alright, now that we've set the stage, let's pull back the curtain on my top three sectors for investment in H2 2023.  E-Commerce  Prepare for a surge in consumer buying activity in the e-commerce sector. AI is the magic ingredient here, giving e-commerce a leg up by enabling personalized advertising and product recommendations. It also helps to trim costs for suppliers, which translates to better pricing for customers and higher profits for e-commerce companies.  The rise of AI-enabled autonomous vehicles, drones, and robots also promise to be game-changers, particularly for e-commerce companies with their repetitive routes.  Currently, I'm eyeing Amazon (NASDAQ:AMZN), Coupang (NYSE:CPNG), and JD.com (NASDAQ:JD) as exciting investment opportunities.  Robotics  The allure of AI isn't limited to e-commerce. As enthusiasm around AI's potential continues to swell, I expect we'll see a boom in AI-powered robotics.  This should become particularly evident in the latter half of the year. Industries such as healthcare, aerospace, and even food and beverage are starting to make the most of robotics, following in the footsteps of tech behemoths like Amazon and Tesla (NASDAQ:TSLA).  According to Investopedia, the robotics market could balloon to $214.7 billion by 2030, growing at a CAGR of almost 23%. I'm currently eyeing ABB (NYSE:ABB) and Nuance Communications (NASDAQ:NUAN) as promising bets in this sector.  Semiconductors  Chip makers stand to gain from a variety of positive catalysts. The soaring demand for chips in AI systems and the rising number of chips used in automobiles should play a significant role in driving growth.  Beyond Nvidia (NASDAQ:NVDA), the Wall Street darling of the sector, companies like Qualcomm (NASDAQ:QCOM) and Applied Materials (NASDAQ:AMAT) are likely to profit from these trends.  Qualcomm's chips seem to offer superior "power efficiency," making them a solid choice for AI systems. Meanwhile, Applied Materials, with its chip-making equipment, could ride the wave of demand for more chips.  Additionally, Intel (NASDAQ:INTC) seems well-positioned to manufacture chips for Nvidia and its own chips for generating "some AI capabilities".  Given the growing popularity of the Internet of Things and AI, I predict that these stocks will continue their upward trajectory. That's my take, folks. As always, remember to do your own research and happy investing!  Trade safe!  -James  Coming Up Next: The market has gone bonkers lately, but to they really have still room to run? Find out in the article below!   SPONSORED 🔽 Sponsored [How He Bagged One Of The Top Trading Records…]( A reclusive millionaire has been quietly racking up winning trade after winning trade. Despite avoiding most headlines, he’s become one of the most successful traders around - over the last 8 years, he’s banked a 97% win rate. How does he do it? He sat down for a rare interview where he revealed it all.[Click HERE to see how he’s done it…]( [Privacy Policy/Disclosures]( Investors Remain Bullish: Opportunities Abound in the Stock Market Here we are, folks, in the eye of a storm that's replete with crucial economic data and the Federal Reserve's upcoming interest-rate verdict.  But guess who's taking control? That's right, the bulls! They're steering the stock market, and they're not showing signs of slowing down.  The S&P 500 recently welcomed a new bull market, soaring over 20% from its October valley. It's up 13% in 2023, and it's been an impressive 248 trading-day bounce back since the last bear market - the lengthiest we've seen since 1948, as per Dow Jones Market Data.  Scratch beneath the surface, and you'll find encouraging signals suggesting this rally is no one-hit wonder.  Despite the rally initially receiving a lukewarm reception, investor sentiment has gradually warmed up and last week it hit its highest level in a year and a half. The rally's participants, once primarily big tech companies, have expanded, indicating a broader market recovery.  Interestingly, we're seeing the return of individual investors who've been twiddling their thumbs on the sidelines for the past three months. It's not just them; even institutional investors are joining the fray, as recent fund-flows data indicates.  In the words of Kristina Hooper, chief global market strategist at Invesco, it’s been a delightful surprise. Investors are exhibiting a classic case of FOMO (Fear Of Missing Out). Who could blame them?  Now, the recent consumer-price index data gave us some interesting insights. Although inflation has halved from last year’s peak, it’s still considerably above the Fed's 2% annual target.  Despite this, the market seemed to shrug off the news, with stock futures ticking upwards. We can expect further volatility around the release of this data in the months ahead.  The real litmus test for stocks, however, comes this Wednesday with the much-anticipated Federal Reserve interest-rate announcement.  While no change in interest rates is anticipated, the merest hint of a future rate increase could send ripples across the market. Naturally, investors will be eagerly dissecting every word of Fed Chair Jerome Powell's press conference, seeking clues about his thoughts on the labor market and economy's resilience.  Following hot on its heels will be the robust U.S. retail sales data due on Thursday.  The 2023 rally has been significantly bolstered by the optimism that the central bank's rate hike campaign is nearing its end.  The Dow Jones Industrial Average has already made a modest gain of 2.8%, but the real winner has been the Nasdaq Composite, powered up almost 30% by the booming AI sector.  Recession worries, which had been hovering like a dark cloud, seem to be dissipating. The job market is flourishing, consumers are parting with their dollars with abandon, and there are positive signs in the housing and banking sectors.  The current environment is making equities increasingly attractive, as voiced by Brett Bernstein, chief executive at XML Financial Group. He plans to up the ante on equities over bonds, particularly since money-market fund income could take a hit if the Fed lowers rates.  On Wall Street, there seems to be a consensus that stocks have more gas in the tank. On Friday, Goldman Sachs Group jacked up its year-end price target on the S&P 500 from 4000 to 4500 - a potential gain of 3.7% from Monday's close.  Their confidence stems from the reduced risk of a recession and the sunny outlook for corporate earnings.  A look back in time reveals an encouraging pattern - the S&P 500 rose 92% of the time over the next 12 months after starting a new bull market, with an average return of 19%, as per Bank of America Global Research.  Meanwhile, buoyed by the positive momentum, investor sentiment has taken a turn for the better. Bullish sentiment, a measure of expectations that stock prices will gain over the next six months, climbed last week to 44.5%, the highest since November 2021.  And let's not forget the unsung heroes of this bull market. While big names like Apple, Microsoft, and Nvidia have driven the S&P 500's positive returns, others like Eli Lilly, General Electric, and Berkshire Hathaway have now joined their ranks.  The cherry on the top? Even small-cap stocks, often viewed as risky and economically sensitive, are making noticeable gains. The Russell 2000 started June with a 7.1% increase - its best performance at the start of a calendar month since February 2021.  It seems this rally has a few more songs to sing.  Disclaimer:  The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. 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