Tom Lee says buyers are ‘too targeted on development shares’

A driver for an impartial contractor wears a protecting masks whereas working a supply truck to supply N95 respirator masks exterior a United Parcel Service Inc. (UPS) Floor sorting facility in Louisville, Kentucky, U.S., on Monday, April 13, 2020. Luke Sharrett | Bloomberg | Getty Photographs Tom Lee mentioned on Tuesday that buyers is perhaps


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

Luke Sharrett | Bloomberg | Getty Photographs

Tom Lee mentioned on Tuesday that buyers is perhaps too closely skewed towards development and defensive names.
As a substitute, they need to add publicity to shares that can profit from a sturdy U.S. financial restoration.

Though forecasters are broadly predicting robust gross home product development, the co-founder of Fundstrat International Advisors mentioned on “Closing Bell” he feels buyers’ portfolios might be higher positioned to seize it.

“I believe there is a demand shock that is being communicated via the commodity costs surging,” Lee mentioned, comparable to lumber for housing. “I believe oil is hinting that there is going to be fairly an enormous client restoration, too, so I really assume it is a bullish signal.”



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