Miles Lewis Talks Changing Market Realities and Portfolios on Fox Business—Royce
article 04-12-2021

Miles Lewis Talks Changing Market Realities and Portfolios on Fox Business

PM Miles Lewis was a guest on Fox Business’s The Countdown Closer discussing market changes and three stocks he currently favors.


PM Miles Lewis recently joined host Ashley Webster on Fox Business’s The Countdown Closer to discuss changes in how we live and how we invest.

Watch the video here.

Miles explained that the government, society, supply chains, life and work habits, and more have been impacted by the pandemic. The market, he added, will also undergo changes as the past 10 years have favored mega caps, large caps, technology stocks, and bonds. He cited historical trends that show how what’s worked over 10–year periods or more tend to not have great returns going forward.

“There’s this mentality that investors should ‘buy the dip and not the regime change,’ but we think that we’re more on the cusp for a regime change for lots of different fundamental reasons,” he said.

In addition, he explained why he believes James River Group, Graftech International, and Denny’s Corporation are current attractive opportunities.

Watch the video here.

Learn more about Miles Lewis here.

Important Disclosure Information

The thoughts and opinions expressed in the video are solely those of the persons speaking as of April 8, 2021 and may differ from those of other Royce investment professionals, or the firm as a whole. There can be no assurance with regard to future market movements.

The performance data and trends outlined in this presentation are presented for illustrative purposes only. Past performance is no guarantee of future results. Historical market trends are not necessarily indicative of future market movements.

Percentage of Fund Holdings As of 12/31/2020 (%)

  Royce Pennsylvania
Mutual Fund
Royce Dividend
Royce Total

James River Group Inc.




Graftech International LTD




Denny’s Corporation




Company examples are for illustrative purposes only. This does not constitute a recommendation to buy or sell any stock. There can be no assurance that the securities mentioned in this piece will be included in any Fund’s portfolio in the future.

This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Smaller-cap stocks may involve considerably more risk than larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.)



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