Tom Lee

[winston]

3 reasons why stocks will continue to set new records highs, according to Fundstrat

by Matthew Fox

The stock market has three tailwinds that could drive further upside to record highs, according to Fundstrat's Tom Lee.

Lee highlighted increased corporate earnings and a lack of margin debt as reasons to stay bullish.

"It's just that there are so many top callers now that I think that's why there's still gas in the tank on this rally," Lee said.

Source: Business Insider

https://finance.yahoo.com/news/3-reason ... 47802.html

[winston]

Tom Lee still thinks the Russell 2000 will rise 50% in 2024

by Charley Blaine

Lee still argues the Russell will rise because:
1. Rates will, in fact, come down.
2. Stocks in the Russell 2000 are selling at a big discount to stocks in the S&P 500 or, say, the Nasdaq-100
3. There is lots of cash on the sidelines in money markets and managed by investors waiting to pounce on bargains that might produce outsized returns.

Source: The Street

https://finance.yahoo.com/news/tom-lee- ... 46366.html

[winston]

Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street

by Jennifer Sor

Investors shouldn't rush to buy the latest dip in the stock market, Fundstrat's Tom Lee said.

That's because volatility is rising, which could bring near-term pressure to stocks.

The market could be less than a month away from hitting a bottom, Lee predicted.

Source: Business Insider

https://finance.yahoo.com/news/dont-buy ... 58044.html

[winston]

The stock market's sell-off is over and the Fed gave 5 bullish signs to investors at its latest meeting, Fundstrat's Tom Lee says

by Jennifer Sor

The sell-off that battered stocks in April probably won't stretch into May, according to Fundstrat's Tom Lee.

The uber-bullish forecaster pointed to five dovish signs the Fed gave after its policy meeting on Wednesday

That suggests equities will end the month of May with a gain, Lee predicted.

1. The Fed is slowing its pace of quantitative tightening

2. Inflation is pointing lower

3. Rate cuts can coexist with a strong labor market

4. The economy isn't facing stagflation

5. A rate hike is unlikely

Source: Business Insider

https://finance.yahoo.com/news/stock-ma ... 25673.html

[winston]

Fundstrat's Tom Lee updates stocks outlook as Fed rate cut bets reset

by Rob Lenihan

Lee said "tech is in a good place" because of artificial intelligence and AI-chip giant Nvidia (NVDA) "should reinforce that."

"It's not a demanding multiple," he said. "Maybe 28 times forward earnings, which is for one of the most important companies in the world it's not a high multiple. So if tech is in a good place and then we get Fed cuts it I think it allows the overall market to expand."

Lee said the probabilities of a soft landing were going up and "that's why this should be a benign cutting cycle" that's good for markets.

Futures markets are showing more than two cuts, Lee said, "so I think the Fed probably is a little behind the curve and we know there is a recession in housing and durables and auto sales so there was a lot of pain out there."

Lee said rising gold prices show "there's still a lot of fear out there" as "gold is almost a measure of the bearish sentiment."

Source: The Street

https://finance.yahoo.com/news/fundstra ... 00530.html

[winston]

Veteran analyst sends blunt message on what's next for stocks

by Todd Campbell

Fundstrat's Tom Lee correctly predicted after Liberation Day, that stocks would likely find their footing and head higher.

Lee and his team think the tank has more potential gas to fuel higher stock prices.

"As always, trying to time stocks with economic data is ill-advised, and the push to new highs by SPX has momentum and signs of broad-based participation that makes it tough to immediately fade.”

Lee pointed out that while retail investors have embraced the 'buy the dip' mentality so far, institutional investors have remained more cautious, keeping more dry powder on the sidelines than they might have otherwise.

The possibility that professional money managers accelerate buying to avoid falling too far behind the benchmark S&P 500 index may suggest that the path of least resistance for stocks over time will remain higher.

“We are at the start of a new bull market,” said Lee bluntly.

Source: The Street

https://www.thestreet.com/investing/sto ... m_content=

[winston]

Tom Lee, head of research at Fundstrat Global Advisors said that this is “still the most hated rally last month:

Investors are acting like we’re in a bear market, yet the market’s up 13% year to date.

So, I would call that the most hated V-shaped rally.

Source: Investor Place