Stocks Approach Old Highs But Close A Whisker Lower

October 25, 2019

In this strategy briefing…

FS Insight Investment Views

Near Term View: Falling 10-yr, weakening USD, & higher odds of Sep. rate cut = very bullish. Stick with trades working in ‘19, especially asset-light stocks
YE Target: 3,125 (YE P/E 17x · 2020E EPS $184)
Style: Cyclical, US better than RoW
Focus Stock Ideas: GOOG, AAPL, AMP, BF/B, FB, TSLA, XLNX, AMGN, AMZN, AXP, BKNG, CMI, CSCO, EBAY, GRMN, MNST, NKE, NVDA, PM, PYPL, ROK
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