Tom Lee says investors are ‘too focused on growth stocks’

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A driver for an unbiased contractor wears a protecting masks whereas working a supply truck to supply N95 respirator masks outdoors a United Parcel Service Inc. (UPS) Ground sorting facility in Louisville, Kentucky, U.S., on Monday, April 13, 2020.

Luke Sharrett | Bloomberg | Getty Images

Tom Lee mentioned on Tuesday that investors may be too closely skewed towards growth and defensive names.
Instead, they need to add publicity to shares that can profit from a sturdy U.S. financial restoration.

Although forecasters are widely predicting strong gross domestic product growth, the co-founder of Fundstrat Global Advisors mentioned on “Closing Bell” he feels investors’ portfolios could be higher positioned to seize it.

“I feel there is a demand shock that is being communicated by means of the commodity costs surging,” Lee mentioned, comparable to lumber for housing. “I feel oil is hinting that there is going to be fairly an enormous shopper restoration, too, so I truly suppose it is a bullish signal.”



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