Judul : Wall Street’s biggest bear thinks the market’s hottest stocks will keep soaring
link : Wall Street’s biggest bear thinks the market’s hottest stocks will keep soaring
Wall Street’s biggest bear thinks the market’s hottest stocks will keep soaring
At this point, the so-called FANG stocks that have led the market to new highs look unstoppable.
They have even won over Wall Street’s biggest equity bear.
And he’s not holding back his optimism. The collective group of Facebook, Apple, Netflix, and Google could gain up to 40% over the second half of 2017, says Tom Lee, the managing partner and head of research at Fundstrat.
Unconvinced by forecasts for market-wide earnings growth, Lee sees the group of tech titans continuing to deliver profit expansion, which should allow them to keep outperforming. The companies are also mostly immune to wage inflation, improving their future prospects, he says.
The broader technology industry is forecast to see earnings growth of 19% in 2017, the most of any S&P 500 sector, excluding energy, according to Bloomberg data.
FANG stocks have also soared in the second half of the year, on average, since the start of the eight-year bull market, according to Lee. It’s happened 70% of the time since 2009, with the group rising by 2.7 percentage points more in the period from June to year-end relative to the first five months.
Lee draws a particularly close parallel to 2015, which saw FANG stocks climb by 29% through May, only to blow that out of the water with a 43% surge into year-end.
Lee’s optimism around the FANGs doesn’t extend to the rest of the S&P 500. He forecasts that the benchmark index will end the year at 2,275, or 6.4% below its closing level from Thursday. It’s the lowest year-end price target out of 19 Wall Street strategists surveyed by Bloomberg.
Fundstrat
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2sms0Bj
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Appear First on Malaysia Sepekan
Demikianlah Artikel Wall Street’s biggest bear thinks the market’s hottest stocks will keep soaring
Anda sekarang membaca artikel Wall Street’s biggest bear thinks the market’s hottest stocks will keep soaring dengan alamat link https://malaysiasepekan.blogspot.com/2017/06/wall-streets-biggest-bear-thinks.html
Related Posts :
Harvard researchers say you’ll have more money in retirement if you choose the right savings account- Apple has made a potentially disastrous pivot on self-driving cars
- The Warriors waited until the right moment to unleash their greatest weapon, and the Cavs had no answer
- A hedgehog blown up 'like a beach ball' was popped in life-saving procedure
- 28 photos of ripped Wall Streeters testing their physical limits at the most intense competition out there