The beaten-down energy sector could thrive under the Trump administration to the tune of 10 percent growth, Fundstrat’s Thomas Lee told CNBC on Friday.
“We know 40 percent of the economy was in recession, because it was transports, industrials, energy,” Lee told “Worldwide Exchange.” “Just energy margins going back to median will add almost $10 to S&P profits. That’s almost 10 percent growth from one sector.”
Lee said that after 15-year lows on profit margins in the energy sector, the boost would provide strategic advantage.
