Stocks Drop Almost 3% on Worsening COVID19 Case Data

June 26, 2020

In this strategy briefing…

After the last market high reached June 8, stocks have done very little but mark time while bleeding a little, and in the process getting both bulls and bears nervous. Bulls are worried about another retest of ... – The Wall Street DebriefRead more
From a healthcare timeline, the past three days have been the worst since early March. We’ve seen back to back record surge in cases, Texas “pause” its opening, Disney delay indefinitely its opening of Disneyland, and ... – Tom Lee's Equity StrategyRead more
Equity markets are nearing another important inflection point at support levels, as short-term momentum indicators become oversold. In last week’s note, I discussed the importance of short-term momentum indicators to help track the 2-... – Technical StrategyRead more

FS Insight Investment Views

Near Term View: Buy Epicenter Stocks for the Skepticism, Stay for the Growth
‘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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