• The Informer Post
  • Posts
  • Fundstrat Analyst Tom Lee Bullish on 12 Stocks, Forecasts Future of Bitcoin (BTC) and Cryptocurrency

Fundstrat Analyst Tom Lee Bullish on 12 Stocks, Forecasts Future of Bitcoin (BTC) and Cryptocurrency

May 06, 2020

[the_ad id="93550"]

Fundstrat analyst Tom Lee says a dozen stocks have significant upside potential in the wake of the economic fallout triggered by the coronavirus.

In a new note to investors, Lee says early indicators suggest certain segments of the travel industry are in the early stages of a recovery. Specifically, he says couples and single travelers are gearing up for their next vacations.

Lee says timeshares and hotels are poised to benefit, and as noted by Business Insider, he’s pointing to twelve stocks that have been hit hard by the economic disruption as potential buys.

  • BBX Capital (BBX)

  • Wyndham Destinations (WYND)

  • Bluegreen Vacations (BXG)

  • Hilton Grand Vacations (HGV)

  • Marriott Vacations Worldwide  (VAC)

  • Red Lion Hotels  (RLH)

  • Marriott International (MAR)

  • Wyndham Hotels & Resorts (WH)

  • Hyatt Hotels (H)

  • Hilton Worldwide Holdings (HLT)

  • Choice Hotels International (CHH)

  • Extended Stay America (STAY)

As for Bitcoin, Lee tells The Scoop that BTC and the crypto markets at large showed strength in the recent crash on March 12th by remaining above $5,000 at the end of the trading session.

[the_ad id="95413"]

As long as traditional markets don’t suffer an all-out collapse, he expects the halving and a weakening dollar to boost BTC in the long run.

“From a technical perspective, I think a lot of folks thought $5,000 was the downside level and Bitcoin held that level. So I think that’s good. So at least you don’t have this dire technical picture.

But from the ability for Bitcoin to respond to things like the halvening coming up or to a weakening dollar, because one of the upshots to this is probably the dollar is weaker in the future – that’s all going to be good for crypto, as long as we have essentially a functioning financial system in the US. And again, that would be my expectation.”

Bitcoin is up 3.64% at time of publishing, at $9,275 according to CoinMarketCap.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.