12/15/2023 0 Comments Tom lee tagr![]() ![]() ![]() "There isn't really another Apple out there or another Nvidia and as long as they're central to what's what's happening … whether it's AI or you know, the consumer, I don't know if you want to say rate hikes are gonna kill their stories. Are higher rates bad for Nvidia and Apple? Higher rates are typically considered bad for fast-growing tech firms, but Lee said the positioning of Apple and chipmaker Nvidia is "so strong." "The real story for these companies is really about their market position and dominance," he said. He also picked ExxonMobil and Occidental Petroleum for energy, and American Express and Fiserv for financials. He is a Managing Partner and the Head of Research at Fundstrat, a Market Sector and. Tom Lee received notoriety during the Bitcoin Bull of 2017 for brilliantly predicting every single price movement incorrectly. His information technology picks include Microsoft and Nvidia. Infamous CNBC permabull and analyst Tom Lee is now in protective custody after yet another failed Bitcoin price prediction. He named some stocks in the report that he finds attractive. Lee said he's currently overweight on tech, energy and industrials. This is why we "buy the dips" in coming months," he wrote. Facebook gives people the power to share and makes the. I think that's why … it's a green light for stocks to continue to rally." In a separate June 14 report, Lee said he would "buy the dip on a hawkish pause" and "buy a 5% pullback in stocks." "The latest BofA Fund Manager Survey shows fund managers massively underweight equities. Join Facebook to connect with Tommy Lee Tag and others you may know. "So I actually think the Fed is not concerned about the equity market here. "The market fell 5% over the next two trading days," he said, of the period in November. "I think a subtle thing that happened is that the Fed did not even mention the stock market once or even discomfort with the fact that S & P is up 15% year to date," he said, adding that Powell "turned super hawkish" during the Fed meeting last November when he was asked about the rally then. Sticky inflation and unemployment data led the Fed to its "hawkish pause," but forward-looking data suggests inflation will fall further, said Lee. "Whenever you are at a turning point for earnings, that's really when you want to be long cyclicals and essentially risk-on sectors," Lee said. "And the reason we want you to be risk on is that we do think that we're largely through the worst of this tightening cycle and we think inflationary pressures are easing pretty quickly." That's going to set the stage for earnings to outperform, he said. "Our view is that you want to be risk on this year," he added. Federal Reserve meeting this week are giving stocks the "green light" to rally further. Lee said he believes that comments from the U.S. He told " Squawk Box Asia " on Thursday that his target for the index heading into 2024 is 4,750 - or nearly 9% upside from Wednesday's close. The S & P 500 has further upside going into next year, predicts Tom Lee, managing partner of Fundstrat Global Advisors. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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