"If Fundstrat's Tom Lee isn't consistently Wall Street's biggest bull, he's certainly one of the most vocal. Either way, the man's track record has been nothing short of respectable. And while time will tell if he's right to stay bullish on the broad stock (and especially the small caps), I do think that he's a market strategist who's worth listening to closely whenever he has another call to make."
"Few saw Oracle ( NYSE:ORCL) stock melting up on the back of the AI revolution as it did in the past year. Tom Lee is one of the folks who saw the opportunity to be had in the legacy tech company that's grown hotter than most members of the Magnificent Seven. While it may be a bit too late to be chasing shares of Oracle if you missed the latest post-quarter move, I do think there's no rush to hit the sell button for current holders."
Fundstrat's Tom Lee remains a prominent, vocal Wall Street bull with a respectable track record and promotes the 'Granny Shots' investment strategy via the GRNY ETF. Recent capital inflows have increased interest in the strategy. Three stocks within GRNY are identified as enticing and relatively inexpensive amid a broadly expensive market. Oracle (ORCL) benefited from the AI revolution and is characterized as a premier AI infrastructure holding suitable for long-term ownership. ORCL received a lift after U.S. TikTok stake news, and a preferred tactical entry is a pullback toward $260 per share rather than buying post-earnings spikes.
Read at 24/7 Wall St.
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