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Stocks to buy, best trades after FAANG and tech beneficiaries: Tom Lee

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Renowned strategist Tom Lee says buying these 17 stocks is the next best trade to make now besides high-flying tech stocks

Industrials are the next most attractive buys now after big tech and similar stocks, Tom Lee says.He sees the broader S&P 500 gaining 20% this year.

The characteristically bullish strategist, who worked at JPMorgan before starting his own firm, sees the S&P 500 finishing 2023 at 4,750. That would represent a 20% gain for the full year. Since the benchmark index is up 11.3% year-to-date, it still has remaining upside, per Lee's forecast. The industrials sector ranks fourth, and Lee has named several specific industrials stocks that are ripe for the picking.

 

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