Ken Fisher
After the bear market of 2022, the markets have made a recovery in 2023, with both the S&P 500 and, in particular, the NASDAQ showing healthy year-to-date gains. Therefore, it might be a natural instinct for investors who have nursed heavy losses to be eyeing the exit gate now that the market is rebalancing and the initial investment is back to breaking even. However, legendary investor Ken Fisher says that kind of thinking is a big mistake.
“As initial bull market rallies build, investors — raw from the prior drop — sell. It feels smart,” says Fisher. But it’s the wrong move.
While There might be many bears prowling Wall Street right now, according to Fisher, the pendulum has already swung the other way and we are in the early innings of a bull market. The key, now, is to stay in the game. “While many will suffer breakevenitis, you can avoid it — by keeping long-term goals top of mind,” says the billionaire.
Putting his money where his mouth is, Griffin is staying fully invested. We’ve opened the TipRanks database to see what the Street’s stock experts make of a pair of equities that form part of his portfolio. It looks like they agree these are sound choices; both are rated ‘Strong Buys’ by the analyst consensus. Let’s see why they are worth leaning into right now.
Thermo Fisher (TMO)
The first Griffin-backed name we’ll look at is a giant in its field. Boasting a market capitalization of over $203 billion, Thermo Fisher is one of the world’s most prominent healthcare suppliers. The company provides a wide range of scientific solutions, including analytical instruments, consumables, reagents, software, and services. It caters to a diverse customer base that includes pharmaceutical and biotech companies, academic and research institutions, hospitals and clinical diagnostic labs, as well as government agencies
Despite being a major global concern, TMO is not immune to the changes happening around it. The company’s recent Q1 report reflects the impact of Covid-19, with testing revenue falling from $1.7 billion in the same…
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