Insider Monkey
Ken Fisher’s 12 New Stock Picks
Fahad Saleem
9 min read

In This Article:

In this article, we will take a look at the Ken Fisher's 12 new stock picks. To see more such companies, go directly to Ken Fisher's 5 New Stock Picks.

Before we begin to see what Ken Fisher is up to in the context of latest market movements, let’s see a hugely important paragraph from Fisher’s hedge fund’s Q2’2023 report. These lines reflect a ton of wisdom often reiterated by Fisher and clearly defy the overall negative sentiment in the market:

Pundits can’t shake the certainty that rate hikes must doom equities. Many argue the bull market can’t be a sure thing until the Fed is fully done hiking or even starts cutting. But what they miss is that the S&P 500 is now up slightly since the Fed started raising rates in March 2022 and up 23.5% since the Fed upped its tightening pace last June. Equities are seemingly clearly signaling that rate hikes aren’t bearish. This skepticism is the market’s fuel. The world isn’t without risk, and we are always watching for signs of trouble. Yet today’s often-cited negatives look like more bricks in the wall of worry—too small or well-known to deliver a huge negative shock. Those that could be bigger look quite unlikely to materialize. Meanwhile, global growth, an earnings recovery, and global gridlock give equities plenty of bullish fundamentals to weigh.

Ken Fisher has been extremely optimistic over the past few weeks and months. In his YouTube videos and blogs on his website, the billionaire repeatedly warns against the overly increasing sentiment of fear in the markets. An article on his website recently reminded readers about the regional banking crisis that hit the US markets earlier this year. Everyone was talking about how a major banking crisis was on its way and all the banks would collapse one after another. But that crisis never arrived. The article analyzes the reasons behind the phenomenon and draws a general lesson:

“This is a timeless lesson: Markets move first, before people consciously realize things are better than feared. It happens time and again, both for sectors, industries and countries as well as global stocks overall. We have seen it this year in eurozone and German stocks, which mounted a strong recovery well before economic data showed the extent (thus far) of the winter’s economic downturn—they pre-priced the damage during 2022’s downturn and then looked to the recovery. Now we are seeing it with regional bank stocks. When in doubt, trust the market.”

In another video, posted on August 18 on his YouTube channel, Ken Fisher analyzes how the markets move from pessimism to euphoria. He begins his analysis by quoting Sir John Templeton’s classic line that “bull markets are born on pessimism, rise on skepticism, mature on optimism and die on euphoria.”

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