Tom Lee Just Bought These Three Beaten Down Stocks. Here's Why.
benzinga_article·
- Wall Street strategist Tom Lee's active ETFs recently purchased shares in Intuit, SpaceX, and Lockheed Martin following significant price declines.
- Intuit was acquired as its valuation dropped amid AI disruption fears, SpaceX was bought due to surging revenue and robust growth catalysts, and Lockheed Martin was added to capitalize on rising US defense spending.
- Alongside these purchases, FundStrat sold holdings in companies such as Meta Platforms, Broadcom, PNC Financial, and Air Products & Chemicals.