US stock market bulls and Fundstrat Global Advisors co-founder Tom Lee said in a report on Monday (28th) that stocks in industries affected by the epidemic, such as travel, retail, and services, are gaining momentum and are promising in the future.
Lee said that the US epidemic is about to reach its peak. “From a market perspective, the pandemic should be a “layout signal” for the affected stocks, mainly because these stocks are more sensitive to lockdowns and are expected to benefit from the economy. After restarting, we estimate that the affected stocks will soon usher in a rebound.
Lee further stated that the reduction rate of confirmed cases of new coronary pneumonia in the United States was 62%, the highest level since August. In addition, former U.S. Food and Drug Administration (FDA) Commissioner Dr. Scot Gottlieb also recently stated that this wave of new coronary pneumonia is likely to worsen. It is about to reach its peak, which is good news for disaster-stricken stocks that rely on economic restart.
Lee said that although the current slowdown in the epidemic is likely to be only temporary, and Christmas holiday clusters may still cause the epidemic to heat up, overall, the slowdown of new coronary pneumonia still comes earlier than he expected.
At present, Fundstrat has made arrangements for stocks affected by the epidemic, including the hotel industry MGM Resorts (MGM-US), Hilton International (HLT-US),Marriott (MAR-US), and Norwegian Cruise Line (MCLH-US) And Royal Caribbean Cruises (RCL-US)。
In addition to Harley (HOG-US)、Best Buy(BBY-US) And Starbucks (SBUX-US) And other domestic consumer stocks.
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