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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo one is really embracing this rally as an upward new bull market, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Squawk Box' to discuss the latest market trends, why he's calling for a move of 1% or greater in the markets following the Fed's decision on rates this week, and more.
Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Fundstrat Global Advisors’ Tom LeeTom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Squawk Box' to discuss the latest market trends, why he's calling for a move of 1% or greater in the markets following the Fed's decision on rates this week, and more.
Persons: Tom Lee Tom Lee Organizations: Fundstrat Global, Fundstrat Global Advisors
The S&P 500 is up nearly 19% year-to-date and closed on Thursday at 4,534.87, only about 6% below an all-time high reached in January 2022. What the Fed does and says next week will be critical," said Cliff Corso, chief investment officer at Advisors Asset Management. "Bearish investors have had to capitulate," said Liz Ann Sonders, chief investment strategist at Charles Schwab. The bank last month raised its year-end S&P 500 target to 4,500, from 4,000. However, Christopher Tsai, chief investment officer at Tsai Capital, is not worried about buying into an overvalued market.
Persons: Cliff Corso, Jonathan Golub, Tom Lee, Ed Yardeni, Liz Ann Sonders, Charles Schwab, Eric Freedman, Goldman Sachs, Sunitha Thomas, We've, Christopher Tsai, David Randall, Saqib Iqbal Ahmed, Ira Iosebashvili, Richard Chang Organizations: YORK, Federal Reserve, Fed, Asset Management, Jonathan Golub of Credit Suisse, Fundstrat Global, Yardeni Research, National Association of Active Investment, U.S, Bank Wealth Management, Consumers, Northern Trust, Tsai, MSCI Inc, Zoetis Inc, Thomson Locations: U.S, Jonathan Golub of
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundstrat's Tom Lee explains why he sees an all-time high in the S&P 500 this yearTom Lee, Fundstrat Global Advisors co-founder, joins 'Squawk Box' to discuss his 'tactical buy' call last week, which called for a gain of 100 points or more in the S&P 500 on a lighter than expected CPI reading, his market outlook, and more.
Persons: Tom Lee Organizations: Fundstrat Global Advisors
Tom Lee, who correctly called the stock market rally after June's softer-than-forecast inflation report, said the S & P 500 could hit new a record high soon — on one condition. "If a recession is not imminent, then I think a lot of folks are offsides and that's what propels markets to all time highs." The widely-followed strategist had predicted Monday that the S & P 500 might jump 100 points following a lighter-than-expected inflation reading. Lee recently raised his year-end S & P 500 target to 4,825, which would put the benchmark at an all-time high. The S & P 500 closed at an all-time high of 4796.56 in early January, 2022.
Persons: Tom Lee, Lee, aren't Organizations: Fundstrat Global Advisors, Pepsico, Delta Air, JPMorgan, Citigroup, Wall Street, CNBC, Federal Reserve Locations: Wells
Tom Lee told CNBC on Monday that the S & P 500 may jump 100 points following a lighter-than-expected inflation reading this week. After a roaring first half, the S & P 500 has cooled in July as investors interpreted some strong jobs data to mean the Federal Reserve would resume its hiking campaign after pausing in June. The S & P 500 shed 1.2% last week to close at 4,398.95. The widely followed Wall Street strategist, who was correctly bullish heading into this year, recently raised his year-end S & P 500 target to 4,825 — which would put the benchmark at a record. Lee pointed out that earnings for S & P 500 companies excluding the energy sector are holding up.
Persons: Tom Lee, Lee, Dow Jones, YTD Lee Organizations: CNBC, Fundstrat Global, Reserve, Treasury
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundstrat's Tom Lee explains why the S&P 500 will gain at least 100 points in the next weekTom Lee, Fundstrat Global Advisors co-founder, joins 'Squawk Box' to discuss his call for a gain of 100 points or more in the S&P 500 in the next week, latest market trends, and more.
Persons: Tom Lee Organizations: Fundstrat Global Advisors
According to Tom Lee, managing partner of Fundstrat Global Advisors, the answer is "yes" in three areas. S & P 500 Lee said the S & P 500 has further upside into next year. He told CNBC's " Squawk Box Asia " that the cryptocurrency could soar to as high as $200,000, according to a predictive model his firm uses. "The idea is that over the next five years, we should see another log function increase in the network value of bitcoin," Lee said, referring to a metric the firm uses. China Lee said his firm is also optimistic on Chinese stocks, and urged investors to start to take an overweight position on the country.
Persons: Tom Lee, Lee, CNBC's, China Lee Organizations: Fundstrat Global Advisors, U.S . Federal Reserve, Metrics Locations: China
The S & P 500 has further upside going into next year, predicts Tom Lee, managing partner of Fundstrat Global Advisors. Lee said he believes that comments from the U.S. Federal Reserve meeting this week are giving stocks the "green light" to rally further. "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. 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."
Persons: Tom Lee, Lee, that's, Powell, he's Organizations: Fundstrat Global Advisors, U.S . Federal Reserve, Fed, BofA, Survey, Microsoft, Nvidia, ExxonMobil, Occidental Petroleum, American Express, Apple
The view from Wall Street: Forecasting the Last Half of 2023
  + stars: | 2023-06-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe view from Wall Street: Forecasting the Last Half of 2023Get insight into the second half of 2023 and weigh the chances of a bear market or a bullish case for equities when Tom Lee of Fundstrat Global Advisors shares his investment strategy now and what he's keeping his eye on down the road.
Persons: Tom Lee Organizations: Fundstrat Global Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFAANG stocks have done a lot of heavy lifting, research firm saysThomas Lee of Fundstrat Global Advisors says FAANG stocks are up by almost 60%, and investors should be risk-on this year.
Persons: Thomas Lee Organizations: Fundstrat Global Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market doesn't need soft landing to expand, says Edward Jones' Mona MahajanTom Lee, Fundstrat Global Advisors co-founder, and Mona Mahajan, Edward Jones senior investment strategist, join 'Closing Bell Overtime' to recap today's market movement, Adobe earnings, and what the Federal Reserve's next move might be.
Persons: Edward Jones, Mona Mahajan Tom Lee, Mona Mahajan Organizations: Email, Fundstrat Global Advisors, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Tom Lee and Mona Mahajan on Thursday's market actionTom Lee, Fundstrat Global Advisors co-founder, and Mona Mahajan, Edward Jones senior investment strategist, join 'Closing Bell Overtime' to recap today's market movement, Adobe earnings, and what the Federal Reserve's next move might be.
Persons: Tom Lee, Mona Mahajan, Edward Jones Organizations: Fundstrat Global Advisors, Federal
Fundstrat's Tom Lee shares why he's bullish on the S&P 500
  + stars: | 2023-06-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundstrat's Tom Lee shares why he's bullish on the S&P 500Thomas Lee of Fundstrat Global Advisors discusses why he has an almost 9% upside on the S&P 500, and says "it's a green light for stocks to continue to rally" as he expects inflation to fall significantly.
Persons: Tom Lee, Thomas Lee Organizations: Fundstrat Global Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharles Schwab's Kevin Gordon on markets: Neither a bull nor a bear marketVictoria Fernandez, chief market strategist at Crossmark Global Investments, Kevin Gordon, senior investment research manager at Charles Schwab, and Tom Lee, Fundstrat Global Advisors co-founder, join 'Closing Bell' to discuss the debate between a bull and bear market, the rising cost of debt, and lagging performance in staples and value names.
Persons: Charles Schwab's Kevin Gordon, Victoria Fernandez, Kevin Gordon, Charles Schwab, Tom Lee Organizations: Crossmark Global Investments, Fundstrat Global Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCyclical sectors are meaningfully in a bull market, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors co-founder, joins 'Closing Bell' to discuss the tech rally ushering in a new bull market, this week's market moves, and international market concentration.
Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors
Industrials are the next most attractive buys now after big tech and similar stocks, Tom Lee says. The characteristically bullish strategist, who worked at JPMorgan before starting his own firm, sees the S&P 500 finishing 2023 at 4,750. Technology stocks have led the S&P 500 higher so far, followed by communication services and consumer discretionary names. The industrials sector ranks fourth, and Lee has named several specific industrials stocks that are ripe for the picking. The industrials stocks below are listed in ascending order of their attractiveness per Lee's ranking.
Persons: Tom Lee, Lee, Industrials Organizations: Investors, Global, JPMorgan, PMI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Fundstrats' Tom Lee expects the S&P 500 to gain over 20% this yearTom Lee, Fundstrat Global Advisors co-founder, joins 'Squawk on the Street' to explain why he believes S&P 500 will climb higher this year. On Monday, the S&P 500 rose to trade near a 9-month high.
Persons: Tom Lee Organizations: Fundstrat Global Advisors
Watch CNBC's full interivew with Tom lee
  + stars: | 2023-06-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interivew with Tom leeTom Lee, Fundstrat Global Advisors co-founder, joins 'Squawk on the Street' to explain why he believes S&P 500 will climb higher this year. On Monday, the S&P 500 rose to trade near a 9-month high.
Persons: Tom, Tom Lee Organizations: Fundstrat Global Advisors
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflationary pressures are on a sustained path downward, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors co-founder, joins 'Closing Bell Overtime' to discuss the bull case for tech, economic headwinds in the U.S., and the broader market outlook.
Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhere Tom Lee sees opportunity after debt ceiling agreementFollow Fundstrat Global Advisors managing partner, Tom Lee, as he shares his best investing plays as the United States reaches a tentative debt ceiling deal to avoid default.
Persons: Tom Lee Organizations: Global Advisors Locations: United
Fundstrat Global Advisors' head of research, Tom Lee, thinks earnings and valuations will reemerge as a top priority in coming weeks with much of the debt ceiling overhang lifted. "That's going to also be valuation and valuation is really anchored or constrained by what the Fed's doing, and the Fed is fighting inflation," he added. President Joe Biden and House Speaker Kevin McCarthy reached a deal over the weekend to raise the debt ceiling. Lee added that cooling inflation and prospects of a Federal Reserve rate hike pause also present further opportunity for investors. Conversely, Lee said he is avoiding sectors such as utilities, consumer staples and many health-care names that have become expensive in recent months.
Fundstrat Global Advisors founder Tom Lee highlighted five must-own stocks from his Granny Shots portfolio, which has beaten the market for roughly five years running. The Granny Shots portfolio is a distillation of more than 30 of Fundstrat's best stock ideas. This year, Granny Shots is 8.3% higher, better than the S & P 500's 7.4% gain. On Tuesday, however, Lee introduced Super Grannies for investors who are wondering which stocks to buy first in his Granny Shots portfolio. "At present, it looks likely that FTNT might show some slowdown or stall briefly in June if/when this reached former peaks," Newton wrote.
Persons: Tom Lee, Granny, that's, Lee, Fortinet, Fundstrat's Mark Newton, Newton, it's Organizations: Fundstrat Global, Granny, Beverage, Semiconductor
Technical indicators such as equity price movement largely show stocks are poised to continue a rally that has seen the S&P 500 climb 8% year-to-date, analysts who track them said. TECHNICALLY SPEAKINGThe S&P 500 (.SPX) has traded in a 9.7 percentage point range year-to-date, its narrowest range for comparable periods since 2017. Johnson, who has a year-end S&P 500 target of 4,625, is encouraged by the reversals in downtrends for many U.S. stock indexes. The S&P 500 has traded higher 83% of the time for the full year, returning an average 13.73%, when it hasn't dropped below the preceding year’s December low in the first quarter, a Piper Sandler analysis showed. The S&P 500 is trading at about 18 times 12-month forward earnings estimates compared to its long-term average P/E of 15.6 times, according to Refinitiv Datastream.
In late 2021 Matthew Tuttle launched a fund that bets against the ARK Innovation ETF. A month ago he started a new ETF that shorts stocks picked by Jim Cramer of "Mad Money." Tuttle, the CEO and investment chief of Tuttle Capital Management, is starting to get a lot of requests for "anti"-ETFs. When shorting big name investors makes senseIt's easy to assume Tuttle is motivated by personal or professional dislike for Wood and Cramer. While he's considered creating an anti-fintwit ETF, Tuttle is still positive on Fintwit itself.
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