These 3 Sector Funds Could Keep Soaring in 2020

Many investors like to focus on particular sectors of the stock market. By identifying broader trends and looking at how they affect companies in different industries, you can come up with a strategy for investing in sector funds in the hopes of outperforming the overall market.

Stocks did exceptionally well in 2019, and the big standout sector was technology. However, there were some other industries that also gave their investors a lot to celebrate. Below, we'll look more closely at how Technology Select Sector SPDR (NYSEMKT: XLK), Financial Select Sector SPDR (NYSEMKT: XLF), and Communication Services Select Sector SPDR (NYSEMKT: XLC) did so well in 2019 and why they could have more room to run in 2020.