Tom Lee is former JP Morgan Chief Equity Strategist. He now heads a boutique research firm called Fundstrat Global Advisors which serves major institutions.
Tom gives his year-end outlook and believes you can stay long heading into year-end. He is very optimistic on U.S. equities, which he says are in the middle of a bull market that favors value stocks. And he has a target of 2,100 in the S&P by year-end.
He goes on to discuss his positions in Disney and Microsoft.
Disney was founded in 1923, and provides entertainment through five main business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media. Disney has a market cap of $154.57 billion; its shares are trading at around $89.85 with a P/E ratio of 21.70 and P/S ratio of 3.30. The dividend yield of Disney stock is 1%. Disney has an annual average earnings growth rate of 12% over the past 10 years.
Click here for more on which Gurus own (DIS, Financial).
Microsoft was founded in 1975 and generates revenue by developing, manufacturing, licensing, and supporting software products and services. Microsoft has a market cap of $402.58 billion; its shares are trading around $48.79 with a P/E ratio of 19.10 and P/S ratio of 4.46. The dividend yield of Microsoft stock is 2.30%. Microsoft has an annual average earnings growth rate of 10.30% over the past 10 years.
