As we have seen, the stock market has been on the rise recently. It shows that analysts expect some sectors to grow faster than others by the end of the year. As we pass through the second half of 2024, three sectors are poised for growth: energy, real estate, and technology segments.
1. Energy Sector – Sustained Momentum:
The energy sector remains the most influential, following increased U.S. crude oil production and global demand. Today, the world’s largest integrated oil and gas companies, such as ExxonMobil and Chevron, are in good standing.
It is possible with robust fundamentals and sound balance sheets supported by large-scale share repurchases. Specifically, BISSI Stocks data revealed that the energy sector is among the top 11 stock sectors. And has increased the most over the past month.
The energy sector can also rely on geopolitical factors to sustain its growth in the long run. The global oil supply is still volatile. Especially in other significant areas, such as the Middle East, the US energy industry is a dependable leader.
Furthermore, as the economies transform into green energy futures with renewable generating capacities, conventional energy firms diversify into the renewable energy sector to cement their next-generation opportunities.
2. Real Estate – A Rebound in Sight:
Real estate, especially the REITS, has started bouncing back after a rough phase owing to increasing interest rates. This sector might get a big boost from the rate cuts that the Federal Reserve is expected to announce later in the year.
The percentage differential also means that lower interest rates on mortgages are likely to make housing cheaper, which enhances the demand for residential REITs. For this reason, these REITs should be balanced to end the year on a high note, given the better market conditions present.
3. Technology – Long-Term Growth:
Despite recent corrections on some of its growth stocks, particularly the ‘FAANG,’ growth remains engrossed in the technology sector. Also, AI remains in high demand, along with cybersecurity and cloud computing services, which is why analysts are more optimistic.
Others, such as Nvidia, experienced a little volatility in the short run. They are still best placed to continue making good use of sustained advanced technologies. Such as the sector’s focus on innovation and its contributions to advancing the digital economy. It makes the sector remain relevant and attractive for growth.
Promising Sectors for 2024’s Second Half:
When moving to the second half of the year 2024, the mentioned three areas of the economy, namely energy, real estate, and technology, remain promising sectors. Every sector is driven by different factors, from international demand and political conditions in the energy sector to market revival in real estate and constant advancement in the technology sector. Any stock market oriented to these segments should interest investors as those sectors are likely to lead the market in several upcoming months. BISSI Stocks covers 11 industries and presents all the necessary information so investors can try investing in this changing world.
