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Hatfield: Strait of Hormuz Blockade "Mildly Bullish," MRVL & AMZN Tremendous Upside
Description
Jay Hatfield calls the developments of failed peace talks between the U.S. and Iran "mildly bullish." Additionally, his expectations for earnings remain high despite uncertainty surrounding the Strait of Hormuz. Jay offers a full perspective around his bull case with a focus on an inflation plunge once the strait reopens. He holds an 8,000 year-end price target for the S&P 500 (SPX). On stock picks, Jay sees tremendous upside in Marvell (MRVL), Amazon (AMZN), and Lockheed Martin (LMT).
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