Thomas Lee cofounded Fundstrat Global Advisors. He heads the fund’s research unit. Lee served as the chief equity strategist at J.P. Morgan before cofounding Fundstrat. To explain the potential for investors in COVID-19 epicenter stocks, Lee related the impact that the COVID-19 pandemic had on epicenter sectors to investors’ shift away from internet stocks during the dot-com bubble.
When the bubble burst, many investors tried to stay away from internet stocks. However, investors who could see beyond the bubble saw the stock market crash as a bargain opportunity. They picked up high-quality stocks at a steep discount. Currently, internet companies are among the best-performing stocks.
Lee lists more than two dozen stocks in the epicenter sectors that present an impressive upside opportunity for investors. In the financials sector, Lee’s epicenter stocks list includes Goldman Sachs Group, Morgan Stanley, SVB Financial Group, and Signature Bank.
In the energy sector, Lee’s epicenter stocks list includes Chevron, ConocoPhillips, ExxonMobil, and Pioneer Natural Resources. In the industrials sector, the list of epicenter stocks includes MSC Industrial Direct, Cummins, OSK Holdings Berhad, Fortune Brands Home & Security, and W.W. Grainger. In the consumer discretionary sector, Lee’s epicenter stock list includes Best Buy, Tempur Sealy International, Lennar, Garmin, and Gentex.
View more information: https://marketrealist.com/p/investing-in-epicenter-stocks/