![]() On Wednesday, the two stocks continued those gains, both jumping about 2%. By contrast, shares of insurance firms Allstate and Cincinnati Financial Corporation have been on a tear this year on the strength of rising premiums, rising nearly 19% and 21% respectively. On Wednesday, they posted 1.2%, 2% and 2% gains respectively. Still, all three companies are positive this month. Extra Space Storage, a REIT that invests in self storage units, plummeted almost 8%. ![]() Real estate investment trust (REIT) firm Crown Castle International Corporation, which invests in shared communications infrastructure such as cell towers and fiber networks, fell nearly 6%. Wireless and broadcast communications infrastructure firm American Tower Corporation fell 9% this year. Real estate stocks also declined this year. The two chip stocks extended those losses in Wednesday trading, falling about 2% and 5%, respectively. Semiconductor names such as Broadcom and Qualcomm were dinged, cratering nearly 10% and 25% respectively year to date. Here are the seven new top stock picks from the investor: Source: Fundstrat Global Advisors Information technology stocks tumbled this year as rising interest rates spurred a pivot away from growth names. Lee calls them granny shots because he believes they have high reward and low risk, similar to the simple underhanded foul shot shooting method in basketball. The "Granny Shots" portfolio has gained 3.4% this year, while the broad market index lost 6.3% over the same time period. Year to date, the portfolio has outperformed the S & P 500 by 9.4%, according to the firm. A truck driver passes stacked cargo containers at the Port of Baltimore in Baltimore, Maryland, on October 14, 2021. Investors watch Lee's "Granny Shots" portfolio for its market-beating performance. Tom Lee thinks this underperforming group of stocks will break out in 2022. The investor recommends large-cap steady growers. Meanwhile, the win ratio is 60% and 57% respectively, according to the firm. The average expected 12-month relative gains for "pure growth" and "quality defensive" styles are 11.1% and 6.4%, respectively. He served as Senate President from 2004 to 2006. He represented parts of the Tampa area in the Florida Senate from 1996 to 2006, and again from 2012 to 2020. Thomas Jong Lee, commonly known as Tom Lee is an American entrepreneur, financial analyst, strategist, investor, businessman, and full-time contributor on CNBCs Fast Money, Tech Check, Halftime Report, and Closing Bell shows. The investor expects that the two sectors will outperform the S & P 500 in the coming months. Tom Lee (born January 21, 1962) is an American Republican politician from Florida. After rebalancing his portfolio that includes 31 top stock picks across six thematic and quantitative portfolios, Lee said "pure growth" and "quality defensive" plays will be the two top-performing themes out of 12 investing styles for the next six months, according to a note sent Wednesday from Fundstrat. Personal Loans for 670 Credit Score or Lowerįundstrat Global Advisors founder Tom Lee refreshed his outperforming "Granny Shots" portfolio, naming seven new top stock picks and a style rebalance for the second quarter. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |