News Formal

Investors need to 'HODL' energy stocks, Fundstrat's Tom Lee says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

New for subscribers: Investors need to 'HODL' energy stocks, Fundstrat's Tom Lee says. Check out CNBCPro today.

An aerial view of a crude oil storage facility is seen on May 5, 2020 in Cushing, Oklahoma.co-founder Tom Lee is betting big in energy over the long haul, telling CNBC on Tuesday that he expects strong returns in the sector within the next five years.

"I think if investors want to get involved they need to HODL energy, put an allocation there [and] kind of plug their nose, but I think that's going to deliver a lot to their portfolio," Lee said in an appearance on "

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro Are you still forecasting S&P500 to be at 4400 by end June?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is the stock market open Memorial Day? Here’s what investors need to knowMemorial Day honors the women and men who died serving their country, and the holiday has become an unofficial start to summer, synonymous with backyard...
Source: MarketWatch - 🏆 3. / 97 Read more »

European stocks headed for fourth-straight monthly win, but softer Asian data, holidays weighEuropean stocks traded flat on Monday, with markets in London and the U.S. closed for holidays, investors looked to a mixed Asian session. Amc between $30-$32
Source: MarketWatch - 🏆 3. / 97 Read more »