Markets Rise Sharply on the Week; Investor Confidence Weak

March 27, 2020

In this strategy briefing…

It was a less ugly week. Heck, if you got in late Monday, you’d be a happy camper. Though last week was up, that’s a palliative perhaps, as unfortunately most investors have been bailing out ... – The Wall Street DebriefRead more
Stocks broke a pattern last Wednesday, March 25, managing two successive days of gains, something not seen since February 28th. This reinforces our belief that the "structural bottom" for stocks was registered last week and affirmed by – Tom Lee's Equity StrategyRead more
At least for the very short term, as in one week, it seems the Federal Reserve bazooka worked to help calm financial markets, which continue to be in turmoil over the spread of coronavirus. For those who ... – Fed WatchRead more

FS Insight Investment Views

Near Term View: Panic by US households/markets, while disruptive, likely to limit the COVID-19 spread. Case peak remains key bogey for markets.
‘20 Target: 3,450 (YE P/E 17.9x · 2021 EPS $193)
Style: High Quality
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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