Nov
16
One Of Wall Street’s Biggest Bulls Ends Six-Year Overweight on Consumer Stocks in Favor of Energy
ByPhotographer: Larry Macdougal/AP Photo
After six years of betting on the U.S. consumer, one of Wall Street’s biggest bulls is now boosting his exposure to an unloved segment of the market.
Thomas Lee, managing partner at Fundstrat Global Advisors, has opted to upgrade energy to overweight while downgrading the consumer discretionary sector, citing rising labor costs and the inverse relationship between energy and consumer-oriented stocks over the past decade and a half…
One Of Wall Street’s Biggest Bulls Ends Six-Year Overweight on Consumer Stocks in Favor of Energy
Copyright © 1999 - 2025 Tony Seruga | All Rights Reserved
Affiliates |
Privacy |
Refunds |
Legal & Policies