Why Tom Lee raised his S&P target to 3,800

Tom Lee, Fundstrat Global Advisors, joins 'Power Lunch' to discuss why he's increasing his 2020 bull case for the S&P 500 and how investors can navigate the uncertainty. I think there's a feeling because stocks have moved so much since March, they're topping, says Lee. But we have to keep in mind, we went through the biggest stress test for stocks in five lifetimes, and they survived. I think that argues P/Es are going to expand pretty dramatically in the next couple years, he adds.
05:12
Thu, Nov 19 20202:47 PM EST

watch now
VIDEO09:01
CNBC ProDell CEO breaks down Q3 earnings, gives outlook on the future
watch now
VIDEO04:49
CNBC ProJim Cramer on finding the next Tesla
watch now
VIDEO08:08
CNBC ProCarvana CEO on car buying during a pandemic
watch now
VIDEO06:49
CNBC ProS&P Global, IHS Markit chief executives break down $44 billion merger
watch now
VIDEO08:35
CNBC ProZoom stocks are a 'home-run' for investors after company reports Q3: Yoshikami