Stocks Bounce Back After Middle East War Scare, Hit Records

January 10, 2020

In this strategy briefing…

FS Insight Investment Views

Near Term View: PMIs recovering, Inventory cycle bottoming, 2020: “E” matters more than “P/E”
‘20 Target: 3,450 (YE P/E 17.9x · 2021 EPS $193)
Style: Cyclical + Value
Granny shots: GOOG, AAPL, AMP, PYPL, NVDA, CSCO, XLNX, FB, MNST, VRSN, DE, QCOM, KSU, EXPE, MXIM, MSFT, TTWO, ROK, DOV, PSX, BKNG, EBAY, EMR, TSLA, AXP, BF/B, PM, GRMN
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