October 9, 2020

In this strategy briefing…

If I had to identify the biggest development in the past week, it is the miraculous recovery of President Trump. Recall, earlier this year, many people would have cited a black swan event for the 2020 elections ... – Tom Lee's Equity StrategyRead more
Last month, we commented that our earnings revisions work for the broad equity market had finally cooled somewhat. We also indicated that it was likely that it would not be long lasting or problematic. Well, the October ... – Portfolio StrategyRead more
More evidence of cyclicals bottoming intermediate-term - Weekly momentum indicators are a useful technical tool to identify potential turning points in markets and stocks over a 1-2 quarter time frame. In general, I see the equity ... – Technical StrategyRead more

FS Insight Investment Views

Near Term View:Health, Economic Data Point to Better 2H20 for Cyclicals, Value
‘20 Target:3,525 (YE P/E 18.3x · 2021 EPS $193)
Style:High Quality
Granny shots (1):AAPL, GOOG, GRMN, CSCO, XLNX, LOW, BKNG, EMR, HPQ, BWA, LEN, CF, MXIM, AMZN, EBAY, PG, NVDA, MSFT, MNST, TSLA, PYPL, AXP, BF/B, PM
Deletions:(1) The granny shots portfolio will be rebalanced next week, and additions/deletions will be reflected in next week’s FSInsight Newsletter publication
Disclosures (show)

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