Latest News

Tom Lee says cyclical companies are ‘the new growth stocks’ during Covid recovery


Thomas Lee, Fundstrat Global Advisors

Scott Mlyn | CNBC

Tom Lee sees more room for cyclical stocks to run higher as the U.S. economy recovers from the coronavirus pandemic.

In an interview Tuesday on CNBC’s “Fast Money,” the co-founder of Fundstrat Global Advisors likened the current investment landscape after a devastating, year-long pandemic to previous points in global history.

“Post war, cyclical companies become the new growth stocks,” Lee said. “That’s what happens. It happened in Iraq and the Middle East. It happened in Japan. It happened in Korea after the Korean War. It happened in the U.S. after World War II and the Korean War. This is a post-war environment.”

‘Intel is back:’ New CEO’s plan to make chips for other companies excites investors

Previous article

Electric automakers must brace for rising battery materials costs, Goldman says

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News