Thomas Lee (analyst)

Thomas Jong Lee, commonly known as “Tom” Lee is an American entrepreneur, financial analyst, strategist, investor, businessman, and full-time contributor on CNBC's Fast Money, Tech Check, Halftime Report, and Closing Bell shows.[1]

For other people named Thomas Lee, see Thomas Lee (disambiguation).
Thomas Jong Lee
Lee in 2023
Born
Westland, Michigan
NationalityAmerican
Other namesTom Lee
Alma materWharton School of the University of Pennsylvania
Occupation(s)Co-Founder and Head of Research at Fundstrat Global Advisors
Children3
Websitewww.fundstrat.com

Early life and education

Lee was born in Westland, MI, the third child of four siblings of Korean immigrant parents. His father was a retired psychiatrist and his mother a homemaker turned Subway franchise owner.

Lee received his BS in Economics from the Wharton School at the University of Pennsylvania with concentrations in Finance and Accounting. He is a CFA charterholder [2] and is an active member of CFA Society of New York and the NY Economic Club.

Business career

Lee started his career in the early 1990s at Kidder, Peabody & Company then later at Salomon Smith Barney. In 1999, he joined J.P. Morgan Chase & Co as chief equity strategist.

While at J.P. Morgan, Lee's research attracted critics. In 2002, a publicly listed company Nextel was critical of Lee's research. This discord gained national media attention and was profiled in the November 22, 2002 Wall Street Journal article, Unhappy Firm Bites Back: Nextel Says, Analyze This.[3]

In 2014, Lee left J.P Morgan to start his own research boutique advisory firm, Fundstrat Global Advisors.[4][5] Lee currently serves as the Head of Research for Fundstrat Global Advisors and is an advisor to NewEdge Wealth, a CT-based wealth management firm.[6] Lee also sits on the board of directors of the New York Asian Film Festival.[7]

Lee has been profiled by national media including the Wall Street Journal which featured Lee as the cover article, Thomas Lee Said 'Buy' as COVID-19 Caused Stock Market Meltdown [8] based on the investor response to several high-profile investment calls made in 2020.

Lee is the first major Wall Street Strategist to provide formal research coverage of Bitcoin to his clients which was covered by the media at that time.[9] He has appeared on CNBC, Fox Business, Bloomberg, Yahoo Finance, and CNN among others.[10]

Lee's retweets from James Todoro [11] in early August 2020 sparked controversy as highlighted by the September 9, 2020 CNN article, A New Front in Coronavirus Disinformation: Wall Street Research stating Lee's retweets of Todaro's tweets as alleged coronavirus misinformation.[10]

References
  1. "Thomas Lee". CNBC. February 2, 2021.
  2. "Thomas Lee, CFA » CFA Society New York". CFA Society New York. January 3, 2018.
  3. "Unhappy Firm Bites Back: Nextel Says, Analyze This". Wall Street Journal. 23 November 2002.
  4. "Thomas Lee Starts Research Boutique After JPMorgan". Bloomberg.com. 15 September 2014.
  5. Scaggs, Alexandra (14 March 2014). "A Look Back at the Many Bullish Calls of JPM's Thomas Lee". Wall Street Journal.
  6. "Thomas Lee - Advisor at NewEdge Wealth".
  7. "NYAFF About Page".
  8. Journal, Geoffrey Rogow | Photographs by Evan Angelastro for The Wall Street (January 23, 2021). "Thomas Lee Said 'Buy' as Covid-19 Caused Stock Market Meltdown". Wall Street Journal – via www.wsj.com.{{cite news}}: CS1 maint: multiple names: authors list (link)
  9. Cheng, Evelyn (July 7, 2017). "Top Wall Street strategist sees bitcoin 'cannibalizing' gold, worth as much as $55,000". CNBC.
  10. Tolan, Cristina Alesci and Casey (9 September 2020). "A new front in coronavirus disinformation: Wall Street research". CNN.
  11. Kevin Liptak (29 July 2020). "Some doctors met with Pence after their group's video was removed for misleading info". CNN.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.