XOM - Tom Lee Weighs In On Market Implications Of A Potential Trump Victory: 'I Think Energy Stocks...Healthcare Would Come Under Pressure' | Benzinga
Fundstrat’s Tom Lee on Wednesday weighed in on the possibility of the market factoring in Donald Trump’s potential win in the upcoming November elections.
What Happened: Lee, during CNBC’s “Last Call,” suggested that investors should pay attention to two sectors that could be pressurized by the November presidential election results: energy and healthcare.
“I think energy stocks would come under pressure. I think healthcare would come under pressure as well. And you should see a commensurate lift in industrials,” Lee said.
Lee also observed an unexpected trend in the energy sector. Despite rising tensions in the Middle East, oil prices are not escalating as anticipated. “Lower oil is great for consumers but ...