The S&P 500 flipped positive for the year after a 7-day rally that pushed this index up roughly 7%. The Nasdaq 100 is now sitting at all-time highs, up over 13% year-to-date.

Investors are getting extremely optimistic about the speed of the economic recovery. The extraordinary V-shaped recovery in the equity markets has been largely tech-driven.

Microsoft (MSFT Quick QuoteMSFT - Free Report) , Apple (AAPL Quick QuoteAAPL - Free Report) , and Amazon (AMZN Quick QuoteAMZN - Free Report) closed the day at all-time highs. Investors are now beginning to put its bets on some of the hardest-hit sectors.

Airline ETF (JETS Quick QuoteJETS - Free Report) is up over 95% from its lows in March.

Hyatt (H Quick QuoteH - Free Report) , Hilton (HLT Quick QuoteHLT - Free Report) , and Marriot (MAR Quick QuoteMAR - Free Report) have surged off their bottoms, and since the first day of June these stocks have raced up from 15% to 30%.

Investors are rotating back towards cyclical value names as tech begins to run out of steam. Despite the massive market rally, earnings outlooks are still dreadful and economic recovery timelines are highly uncertain.

If I have learned anything from this unprecedented market rally it’s Don’t Fight The Fed.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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