Bullish on AMZN, NKE: Palumbo Sees Year-End Market Melt Up
Schwab Network · Schwab Network
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Show Notes
Phil Palumbo sees a market ripe for a year-end "melt up" as investors chase performance, despite potential short-term headwinds. He remains bullish on stocks like Amazon (AMZN), citing its e-commerce dominance, ad spending growth, and a thriving cloud business. Palumbo also likes Nike (NKE), which he believes has hit bottom after a few tough years and is due for a rebound under new CEO Elliott's leadership. Meanwhile, he's trimming some of his gold positions to buy more Bitcoin, citing its limited supply and growing demand.
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