There’s still a good six weeks left in 2016, and what a year it has been for investors. It started with one of the nastiest January starts in history, followed by one of the biggest geopolitical shockers in 30 years in the Brexit vote and finally one of the greatest election upsets in history with the rise of Donald Trump. And we still have another six weeks to go. So a lot can happen between now and New Year’s Eve.
But it’s never too early to start planning your portfolio moves for the next year. And 2017 in particular promises to be a year of transitions. With republicans in control of the presidency and both houses of Congress, we’re likely going to see significant changes in tax and regulatory policy as well as spending priorities.
We’re a lot less likely to see political interference in pipeline construction, for example, or in pharmaceutical pricing. We’re also likely to see a major shakeup in the health insurance industry, and possibly defense.
But at the same time, we’ll be entering 2017 with stocks priced exceptionally high by historical standards and with the Federal Reserve looking to step up its tightening cycle. We also have the potential for more political turmoil as several European countries have upcoming elections that could, ultimately, put the EU at risk of finally busting apart.
While 2017 promises to have its share of excitement (and indigestion), these are 10 solid growth stocks that you won’t have to worry about.