Reuters - Video

EDITION: U.S. | U.K. | IN

9/11

Wealth Strategies: Tech, homebuilders to lead in 2013

Thursday, Jan 03, 2013 - 02:33

Jan. 3 - Markets started 2013 off on a high note, but will the momentum continue? Top fund managers see reason to be optimistic and say that the technology and housing sectors will lead the rebound.

▲ Hide Transcript

View Transcript

Investors couldn't get their hands stocks fast enough during the first trading day of the new year. Well most enjoyed a broad based rally to start off 2013. There are some sectors that will likely outshine others this year. -- and it -- Hennessy funds that -- team investors should play the housing recovery. Home sales rose more than 9% in 2012. And home prices also edged higher. Hope surged more than 50% last year and had if he believes the rally isn't exhausted yet. You look at some and homebuilders. Meaning you look at Mary Todd archer KB homes or something standard. That we think you're gonna do well as the inventory on existing homes goes away. And it's not just the whole -- that will benefit. -- he says the housing rebound will lift other stocks. There's been a lauded deferred maintenance. On homes that people all. -- to be leaning. It could be carpet they could be new cabinets. New features in -- house she could do that we would -- mole on tour out here one. -- -- that should attract the attention of investors this technology. While several lightning tech stocks faltered in the last quarter 2012. Sending the group down 6%. Fund manager Jim watt says technology what was the market leadership this year tech. Analogy always -- worldwide economic growth in both developed and developing countries companies like. IBM Microsoft. You don't wanna be too exciting you wanna be slow steady dull but reliable. Market watchers are taking a more bullish outlook on stocks now that congress has reached a short term agreement on taxes. At this December dip in confidence head -- he believes the consumer will be back in the game this month which should benefit retailers. Sales -- probably picked up in January his tons of store sales. It's it's always been my philosophy. That the people we're gonna spend their money. Of course the big wildcard for stocks the consumers spend their money on equities this year. Many retail investors shot away from the stock market in 2012. Despite a festive 13% gain for the S&P. Have to get all those investors who jumped into the market on the first day of January. Decide to stay there I'm rob the shop there this is writers.

Wealth Strategies: Tech, homebuilders to lead in 2013

Thursday, Jan 03, 2013 - 02:33

Top News »

Money »

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)