The stock market moves in unpredictable patterns for multiple reasons. The overall economy is diverse and provides several opportunities at any given time for investing in growth. Here are ten of the fastest-growing global industries in 2019, according to IBISWorld, that will likely affect specific stocks.
Deregulation and rising demand in residential mortgages have helped lift savings banks and thrifts the past year. This sector, poised for earnings growth in 2019, includes top regional banks such as Century Bancorp and First Financial Bancorp.
Remediation and environmental cleanup services experienced EPA budget cuts in 2018, but the industry is still expected to grow in 2019 with construction and manufacturing. Top companies in this space are Jacobs Engineering Corp and McDermott International.
As the boom in online retail continues, so will e-commerce sites such as Amazon, as well as online auctions. Amazon, for example, is expected to grow by over 33 percent during the next five years.
Although natural gas distributors were a poor investment in recent years, the industry made a comeback in 2018 and is expected to have a 10 percent growth in 2019. The leader among natural gas distributors is ExxonMobil.
Declining prices and improving technology have helped fuel the solar panel boom of the past decade. Revenue is projected to grow by 10 percent in 2019, particularly for domestic manufacturers such as First Solar.
Oil drilling and gas exploration have gone through turbulent times with negative growth in the past few years. In 2019 revenue is expected to grow by 15 percent, with continued growth through 2023. Top companies include BP PLC, Chevron, ExxonMobil, and ConocoPhillips.
Manufacturing wind turbines hasn’t gotten as much attention as solar, but both technologies are expected to grow. Look for a 17.6 percent boost in revenue during 2019. Leading firms in this space are GE, Vestas Wind Systems A/S, and Siemens Gamesa Renewable Energy.
The motto “content is king” continues to drive growth in internet publishing and broadcasting. Revenue is expected to grow for at least five years, with 2019 accounting for a 13 percent increase.
The sun is not about to go away and will provide solar power generation for centuries to come. The industry experienced almost 50 percent revenue growth between 2013 and 2018. The top residential solar installer in America is San Francisco-based SunRun.
Armored Vehicles and Tanks
Geopolitical factors determine the future of manufacturing armored vehicles and tanks. Increased military spending will continue to strengthen companies such as General Dynamics, Oshkosh, and BAE Systems PLC.