Fundstrat's Tom Lee shares his S&P 500 target for 2024 and names stocks to buy

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

الإمارات العربية المتحدة أخبار أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

Lee says he believes comments from the U.S. Federal Reserve meeting this week are giving stocks the 'green light' to rally further.

The S & P 500 has further upside going into next year, predicts Tom Lee, managing partner of Fundstrat Global Advisors. He told " Squawk Box Asia " on Thursday that his target for the index heading into 2024 is 4,750 — or nearly 9% upside from Wednesday's close. Lee said he believes that comments from the U.S. Federal Reserve meeting this week are giving stocks the "green light" to rally further. "Our view is that you want to be risk on this year," he added.

"The market fell 5% over the next two trading days," he said, of the period in November. "So I actually think the Fed is not concerned about the equity market here. I think that's why … it's a green light for stocks to continue to rally." In a separate June 14 report, Lee said he would "buy the dip on a hawkish pause" and "buy a 5% pullback in stocks." "The latest BofA Fund Manager Survey shows fund managers massively underweight equities.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in AE

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stock market outlook: Goldman Sachs raises S&P 500 target amid AI boomGoldman Sachs raises its S&P 500 price target for the year as AI booms and the 2023 rally broadens out beyond biggest tech names
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »

Stock Market Today: S&P 500 turns lower as Fed leaves rates unchangedDow's off nearly 300 points as Fed points to more rate hikes later this year
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »