Can the market keep climbing without big tech doing all the heavy lifting? Tom Hulick, CEO of Strategy Asset Managers, joined Charles Payne on Fox Business’s Making Money to share where he’s looking heading into year-end.
Tom pointed to signs of market broadening, with consensus estimates projecting double-digit earnings growth this year and next and the S&P 500’s forward multiple down from about 22 to 19. He explained why energy, materials, industrials, and infrastructure are tied to the AI build-out.
He also discussed names the firm holds: Palo Alto Networks and the rising need for cybersecurity, Broadcom’s recent weakness as a potential opportunity, BHP as an indirect AI play through copper, Eli Lilly’s obesity pipeline, and Merck’s push into new cancer therapies ahead of the Keytruda patent cliff.