The industries poised to break out in 2026 and 16 stocks to play them

Every year, markets have a habit of humbling consensus. Industries written off as “uninvestable” can quickly turn into the best-performing trades on the board, while last year’s darlings quietly fall out of favour. And 2025 was a textbook example.

Few investors began the year expecting gold, defence, critical minerals or uranium to deliver such standout returns – yet all surged as shifting geopolitics, energy security and supply-chain realities reshaped capital flows. Even more surprising was hydrogen’s sudden resurgence, catapulting the long-maligned sector onto the global leaderboard after years in the wilderness. At the same time, traditionally reliable areas like ASX technology and healthcare struggled to gain traction, reminding investors just how quickly market narratives can flip.

With 2026 now firmly in sight, the obvious question is: where will the next breakout come from?

To find out, we asked 10 experts to look ahead and identify the sector or industry they believe is poised for a breakout year in 2026 – and, crucially, the stocks they think best capture that opportunity.

These interviews were filmed on Tuesday, 9 December 2025.