Fundstrat Global Advisors analyst Thomas Lee says there is reason to be a buyer in this downbeat environment.
That’s the recommendation of Fundstrat Global Advisors analyst Thomas Lee in a Monday research note, in the wake of a tumble by equity indexes across the globe partly inspired by an apparent escalation of Sino-American trade tensions.
Domestic markets also got whacked, with the Dow Jones Industrial Average DJIA, -0.78% , the S&P 500 index SPX, -0.85% and the Nasdaq Composite Index COMP, -0.99% on track for the steepest slides, at their intraday lows, since March 22, according to FactSet data.However, Lee says there is reason to be a buyer in this downbeat environment.
The Fundstrat analyst also makes the case that the trade spat might prompt the Federal Reserve to remain “market friendly” by holding off on near-term interest-rate increases.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Apple's stock is surging, but Wall Street analysts thought earnings results were just 'fine'Wall Street analysts see Apple headed in the right direction after its earnings report Tuesday, but were less optimistic than the market.
Lire la suite »
Major Wall Street banks are telling clients to be ready for a sudden rip higher in the marketWall Street firms have a playbook for a potential rapid move higher in stock markets.
Lire la suite »
GOOGL Stock | ALPHABET A (EX GOOGLE) Stock Price Today | Markets Insider
Lire la suite »
Chevron's stock the only Dow stock gaining after Occidental revises Anadarko rival buyout bidChevron Corp.'s stock edged up 0.2% in premarket trade Monday, and was the only Dow Jones Industrial Average component gaining ground ahead of the open,...
Lire la suite »
Gilead stock ticks higher as earnings beat Street, revenue doesn'tGilead Sciences Inc. shares ticked higher in the extended session Thursday after the biotech drug maker topped Wall Street estimates for earnings but not for...
Lire la suite »
Live: Alphabet's Q1 revenues miss Wall Street targetsThe stock is down over 5% in after-hours trading on Monday.
Lire la suite »
Wall Street banks boycott Brunei-owned hotels after kingdom makes homosexuality punishable by deathJ.P. Morgan and a growing list of banks are banning employees from staying at hotels owned by the Sultan of Brunei while traveling for business.
Lire la suite »
‘Avengers: Endgame’ Also a Hit on Wall StreetShares of Walt Disney reached an intraday record as analysts raised estimates for the company’s earnings. The $1.2 billion in global box-office revenue for “Avengers: Endgame” far exceeded expectations.
Lire la suite »
Fed and tech stocks could crack the market rally, warns Wall Street strategistOur call of the day, from Miller Tabak Asset Management’s strategist, Matt Maley, warns that any shift in the Fed’s dovish stance this week could cause this...
Lire la suite »
Uber looks almost nothing like Amazon despite what it plans to tell Wall StreetUber's effort to draw a comparison to Amazon is unlikely to convince investors who can clearly see where the analogy falls apart.
Lire la suite »
Wall Street opens mixed; Alphabet weighs on S&P 500, NasdaqU.S. stocks opened mixed on Tuesday, as investors parsed a barrage of earnings r...
Lire la suite »