April 17, 2020

In this strategy briefing…

Everyone, including us, said brace yourself for a bad earnings season. It’s going to be ugly. The market isn’t going to like it. Wait? What bad earnings season? I’m being facetious, but I’m ... – The Wall Street DebriefRead more
Policymakers say a vaccine is key, but that could be six to 18 months away so the outlook for reopening the economy is grim if a vaccine is key. However, if COVID-19 spread is 10-20X greater than – Tom Lee's Equity StrategyRead more
As has been the case for months now, Federal Reserve officials continue to spend time in speeches justifying what it has done and putting off criticism, particularly of the idea of a moral hazard. The latter is ... – Fed WatchRead more

FS Insight Investment Views

Near Term View:Major COVID-19 Case Deceleration, Curve Flattening Seen, 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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