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Dow 30,000 could draw in investors from the sidelines with more stocks participating in the next leg

The Dow burst through 30,000 for the first time Tuesday as investors dipped into stocks that will benefit from a recovery in the economy.

Analysts say the psychological impact of the big milestone Dow number could be to encourage new investment in stocks.

They expect investors to continue betting on cyclical stocks benefiting from an economic recovery, particularly financials, but tech and growth should participate in the next leg of the rally as well.

Trump brags about Dow 30,000 at surprise news conference, leaves after a minute

President Donald Trump briefly emerged Tuesday to tout the Dow Jones Industrial Average breaking 30,000 for the first time ever, and then vanished after a minute without taking questions.

The president’s mini-appearance, perhaps his shortest-ever remarks from the lectern of the White House briefing room, came less than a day after his administration took a major step toward the transition to Joe Biden’s presidency.

Barclays says a ‘trifecta’ of factors will lift the S&P 500 to 4,000 next year

Three major catalysts should help the S&P 500 gain another 12% by the end of 2021, according to Barclays.

The investment firm set its end-of-2021 target for the broad market index at 4,000, which is 11.8% above where the S&P 500 closed on Monday.

Byron Wien says the Dow hit 30,000 because ‘we’re headed back to normal’ and run could last years

As the Dow broke above 30,000 for the first time on Tuesday, Byron Wien, vice chairman of Blackstone Private Wealth Solutions Group, said the market was reflecting optimism that things will return to normal next year amid a host of Covid-19 vaccine developments.

Investors should sell certain stocks including Apple into 2021, says Goldman

With 2020 quickly coming to an end, Goldman Sachs screened its stock coverage universe for names that investors should nix from their portfolios in 2021.

The firm highlighted stocks that it has a sell rating on, and which have at least 10% total return downside according to its analysts. Goldman also believes each company carries the risk of an earnings miss, with the firm’s 2021 earnings estimates at least 5% below consensus estimates.