Energy Stocks Look Really Cheap and Beat Up: Lee

Tom Lee, head of research at Fun Strat Global Advisors, discusses the current state of the energy market, highlighting the oversold conditions and potential opportunities in energy stocks like Exxon and Anadarko. He emphasizes the importance of cash flow analysis and profit margins, noting that many investors misunderstand these factors. Lee predicts that the S&P and Dow will double in five years, driven by increased investment spending. He also addresses differing market views, such as those of Doug Kass, and provides insights into future market trends.

What does the speaker believe about the current state of profit margins since 2012?

What is the expected performance of the S&P and Dow in five years according to the speaker?