Jim Cramer and Tom Lee Share a Bullish Call That Could Shape Investors’ Next Move
Two of Wall Street's loudest voices said the same thing on Monday. Stay bullish. Tom Lee expects 2027 to be a banner year for stocks. Jim Cramer wants people buying Amazon on any dip.
July was ugly for stocks. But Lee says the selling came from one blown-up fund, not weak company profits. That gap drives his call.
Tom Lee Says Stocks Are a Coiled Spring Before 2027
Lee runs research at Fundstrat, a Wall Street firm. He expects August to be a recovery month. He sees the S&P 500 reaching 7,800. It sat near 7,605 on Monday.
Profit forecasts rose in June and July. Share prices did not. Lee calls that a coiled spring. This is not a new view. Fundstrat lifted its year-end target to 8,000 from 7,700 on June 24. Higher 2027 profits drove it.
July's drop had one main cause. A fund called Situational Awareness borrowed heavily to bet on artificial intelligence (AI) stocks. When those stocks fell, it had to sell fast.
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