Tom Lee

[winston]

CRAP is an acronym for computers, resources, American banks and phone carriers.

These have been overlooked sectors that stand to benefit from deregulation, Lee said.

Source: Yahoo Finance
http://finance.yahoo.com/news/the-state ... 03805.html

[winston]

Tom Lee: History shows that stocks may revisit the Christmas Eve low

by Scott Gamm

Is a retest in 2019 possible? Yes, but if so, we would view that as a buying opportunity.”

Lee is bullish on stocks in 2019 and expects the S&P 500 to end 2019 at 2,850. That represents about 10.5% upside from the index’s current level of 2,580. From 2,351, Lee’s target equates to a 21% surge.

1. Lee is bullish on FANG stocks.
2. Demographics may also boost the stock market. Millennials drive over 50% of GDP growth.
3. Lee is also overweight on stocks that benefit from automation and artificial intelligence.

The two major downside market risks Lee sees include a possible central bank policy error and the inversion of the yield curve.

Source: Yahoo Finance

https://finance.yahoo.com/news/tom-lee- ... 34103.html

[winston]

Tom Lee says stocks may be primed for a big rally. Here’s why

by Kevin Stankiewicz

Source: CNBC

https://www.cnbc.com/2021/05/19/tom-lee ... ningsquawk

[winston]

‘It’s not a month to be a hero,’ warns stock-market strategist Tom Lee, after Dow logs worst day of 2021

By Mark DeCambre

Lee tells stock market investors not to make any rash trades

What bubble? Tom Lee sees a choppy month, but a solid second half of the year.

He acknowledges, however, that the market is being buffeted by uncertainty and that this month may be one where investors should avoid taking any additional big wagers.

“I just think that Julys, at least in my 30 years of doing research, have never been great months for people to really make big profits,” he said.

“For the next couple weeks, I think it’s tough,” he said.

‘I think, again, the message that I would have [for investors] is [that] it’s not a month to be a hero.’

Lee warned investors back in late June that when markets are strong in the first half of a year, July tends to be choppy.

That said, Lee is still bullish on equities in the longer term and maintains his 4,600 year-end target for the S&P 500. “I think that stocks are still going to have a double-digit second half,” he told CNBC Monday.

He said that investors “shouldn’t extrapolate that we’ve lost the war against COVID.”

Source: Market Watch

https://www.marketwatch.com/story/its-n ... eid=yhoof2
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[winston]

Market bull Tom Lee predicts a record September, but warns that a 10% correction could come in October

by Stephanie Landsman

Lee’s top market picks still involve trades most tied to the economic recovery.

He particularly likes energy, and materials.

He also sees opportunities in FAANG stocks.

“My guess is that quite a number of investors thought we’d have a 10% correction in August,” Lee said.

“So, money was taken off the table. Usually when people re-risk they start buying cyclical and epicenter ideas.”

Source: CNBC

https://www.cnbc.com/2021/09/06/correct ... KW,4UH6Z,1

[winston]

Balanced risk/reward setup for the stock market

In a Friday note, Lee told investors that "this is a tough time to argue adding risk" given the recent collapse of First Republican Bank and the extreme volatility seen in PacWest Bancorp and Western Alliance Bancorp.

"This raises too many tail risk issues including credit tightening, commercial real estate and wide economic implications," Lee said. And yet, Lee still sees a balanced risk/reward setup for the stock market as the banking sector shows signs of stabilizing and earnings results hold up better-than-expected.

And if ongoing developments in the banking sector, economy, and stock market turn better-than-expected, then there's a massive $5.3 trillion pile of cash that could act as fuel to drive the next bull market in stocks. That's because, according to Lee, much of the cash that's been built up over the past couple of years was withdrawn from the stock market.

"Retail liquidations of S&P 500 and Nasdaq stocks exceeds [retail's] purchases since 2019," Lee told Insider on Friday, referencing data from Goldman Sachs.

"I think stocks are flat vs. [a] year ago and sentiment far worse and there is way more cash on [the] sidelines. So there is definitely [a] flows story that could unfold," Lee said. Lee set his 2023 year-end price target at 4,750, about 15% higher than current levels.

If that massive cash pile starts to unwind, investors have few options on where to put it, and the stock market is likely a top choice.

Source: Business Insider

https://finance.yahoo.com/news/theres-r ... 00044.html

[winston]

The stock market could rally 20% through the rest of this year if it can clear 3 key hurdles, Fundstrat says

by Jennifer Sor

Lee pointed to signs of falling inflation and improving market breadth that support his bull case.

He has made the case for months that a new bull market is emerging in stocks.

1. The May Consumer Price Index Report: June 13th
2. The AI-driven rally for tech stocks
3. Increasing market breadth

Source: Business Insider

https://finance.yahoo.com/news/stock-ma ... 16038.html

[winston]

Wall Street’s biggest bull called this year’s stock market rally—now instead of a recession, he says ‘the economy is actually slipping into an expansion’

by Will Daniel

Lee pointed to falling commodity prices, healing supply chains, and the strong labor market as evidence that the economy—and corporate America—may be in better health than many imagine.

Lee pointed to falling commodity prices, healing supply chains and the strong labor market, as evidence that the economy—and corporate America—may be in better health than many imagine.

Source: Fortune

https://finance.yahoo.com/news/wall-str ... 37048.html

[winston]

Wall Street’s biggest bull says his inflation call was the main reason he’s been proven right this year—but there’s also his faith in corporate America

by Will Daniel

Professional investors’ overly pessimistic disposition has left a lot of cash on the sidelines, according to Lee, which should be deployed into stocks when they drop, putting a floor on prices.

Tom Lee decided to increase his price target for the S&P 500 to 4,825 earlier this month, implying a potential 5.5% jump in the index by year-end.

At a 3.7% 10-year [Treasury yield], the 30-year mortgage [rate] should be 5% or so. So when that drops, that’s huge stimulus.

Companies have battened down the hatches, they’re not going to get tripped up,” Lee said, arguing that a U.S. recession or stock market crash is unlikely over the next two years.

Source: Fortune

https://finance.yahoo.com/news/wall-str ... 21440.html

[winston]

A worrying sell signal just flashed for the stock market in August, says one of Wall Street's most reliable bulls

by Matthew Fox

Investors should "be wary" of a potential stock market sell-off, according to Fundstrat's Tom Lee.

He highlighted in a Wednesday note why stocks could sell off in the coming weeks.

"We believe investors just simply need to be vigilant," Lee said.

Lee noted that Friday's upcoming jobs report could be stronger than expected, and if so that could lead investors to question whether or not the Federal Reserve really is done with hiking interest rates.

Also not helping the market over the next few weeks is seasonal data, which shows that the month of August and September are weaker than most other months in terms of stock market returns.

Lee highlighted DeMark Analytics' "13" sell signal just flashed.

The index measures the New York Stock Exchange's percentage of stocks above their 200-day moving average and is a gauge of momentum on the stock market.

Source: Business Insider

https://finance.yahoo.com/news/worrying ... 52969.html