Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The coronavirus pandemic is a crisis that's "worse than the Great Depression," but investors should take a "leap of faith" and invest in stocks that would benefit from the reopening of the US economy, Tom Lee said in a CNBC interview on Friday.
Lee said he expects a "binary reaction" in the markets if there is a breakthrough in a COVID-19 vaccine or even cure, and the stocks that stand to perform the best if that happens are the "reopening stocks" like airlines, casinos, and hotels. "If these companies aren't destroyed on both the equity and credit side, especially credit, I think they're a lot more resilient than people realize," said Lee. "If they're showing durability here, these are actually really attractive companies because they survived the greatest stress test in over 100 years," he continued.
But as long as the markets continue to hold their 200-day moving average, that's "good news," said Lee. The economy is resilient and we can still get a recovery "even if we're wearing masks and social distancing," Lee added.
'Renowned strategist Tom Lee' You misspelled perma-bull.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Take a look inside Rihanna's summer Hamptons rental - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Thank you rihanna . And people tell others that they are privileged? That's at least two units for the homeless. jakejrh12 Is she Crazy?
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
7 ETFs to buy, stock-market outlook for pandemic reset: State Street - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Stock market outlook: Nassim Taleb warns bonds won't protect investors - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. nntaleb Are you working from Beirut?
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Mohamed El-Erian says he is avoiding stock market uncertainty: CNBC - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. new clique for Mohamed really? Makes no sense.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
As the economic recovery progresses, stocks like General Motors and Starbucks are a must own, analysts sayNew for subscribers: As the economic recovery progresses, stocks like General Motors and Starbucks are a must own, analysts say Check out CNBCPro for a free trial. Pro The economic recovery won’t actually start until Trump is out of office Pro What economic recovery? Nobody can afford a $40,000 car or a $10 latte anymore. Pro Shorted SBUX eod Friday. Store closings & high prices in a pandemic with inevitable forthcoming depression doesn’t bode well for the coffee business.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »