Earlier in the year, we took a look at five stocks that had breakout potential for 2017. At the time, the markets were hitting new highs, and investors were looking for stocks to play during the year that had the potential to not only keep pace with the red hot market, but to reward investors with sizable gains.
While the markets were scorching hot in the immediate months following Trump’s surprisingrapidly would interest rise through the year? How would the higher rates impact the crucial housing market? How easy would President Trump find it to get his legislative agenda passed, in particular his ambitious tax reforms?
So far there has not been too many things to impact the stock market during the year. Interest rates have risen, but not substantially. Trump has struggled to advance his agenda, and we have not seen anything in terms of tax reform. The biggest worry with the market has been rising tensions with North Korea over its nuclear program.
The market are still trading near record highs, and there have plenty of big name stocks enjoying breakout years.
With the year rapidly coming to a close, we want to look back at how our five breakout candidates have fared thus far during the year, and whether or not they still posses breakout potential.