November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.

November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.
November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.

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  • SMID Granny Shots November Quarterly rebalance today
  • Updating list of Top Stock Ideas
  • Updating 5 Super and 5 Sleeper SMID Grannies
  • Chartbook linked below
  • See below for SMID Granny Shots adds and deletes

To download the slide deck for our Market Update Webinar, please click HERE.

Investment Ideas: Top large-cap stock picks + Super SMID Grannies

As we are rebranding our monthly webinar, we are introducing a new section of top stock ideas:

  • The top large-cap stock ideas are based on a universe of 47 large-cap stocks that are widely held by investors and market cap >$50b
  • The new top stock ideas follow the similar methodologies we use to identify super SMID granny ideas
  • Essentially, we aim to identify the most timely stock ideas by cross referencing the trend analyses, quantamental works and technical studies.
  • In more detail, the framework is composed of a criteria of 4 factors to narrow down to tactical buys:
    – fundamentals using DQM model managed by “tireless Ken”
    – momentum rating based weighted average performances of recent period
    – technical strength measured by Price >20 DMA, 20 DMA vs 200 DMA and combos
    – Mark Newton’s judgement on the technical outlook
  • Our top 5 Stock Ideas for November 2024:
    – Meta Platforms Inc (META 0.66% ) <– carry over
    – Tesla Inc (TSLA 1.45% ) <– carry over
    – JP Morgan Chase & Co (JPM 0.30% )
    – Block Inc (SQ)
    – Palo Alto Networks (PANW 0.11% )

REBALANCE SMID GRANNY SHOTS: +27 adds, (-25 deletes). YTD outperformance +2,497 bps

Last December, we upgraded Small-caps to be the #1 recommendation in our 2024 year-ahead outlook. We also created the SMID granny shot portfolio strategy as many of our clients asked us for our Top SMID stock picks.

  • We believe the SMID Grannies could benefit from the multiple themes and secular tailwinds
  • The SMID Grannies shots were selected from a universe consisting of 2,471 small and mid-cap stocks.
  • From the SMID granny shots portfolio, we employed the same framework mentioned above to identify the 5 most timely ideas and 5 least timely ideas within the SMID granny shots portfolio.

27 rebalance additions are:

25 rebalance deletions are:

November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.
November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.


SUPER SMID GRANNIES: 5 Super and 5 Sleeper

“Super SMID Grannies” (long) and “Sleeper SMID Grannies” are derived from our SMID stock list of 44 ideas called “SMID Granny Shots”

Please see Mark’s technical note tonight for commentary on the Top 5 Stock Ideas and 5 Super SMID Grannies.

November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.
Source: Fundstrat
November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.
November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.
November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.
November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.
November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.

Key incoming data November:

  • 11/1 8:30 AM ET: Oct Non-Farm Payrolls Tame
  • 11/1 9:45 AM ET: Oct F S&P Global Manufacturing PMI Tame
  • 11/1 10:00 AM ET: Oct ISM Manufacturing PMI Tame
  • 11/4 10:00 AM ET: Sep F Durable Goods Orders Tame
  • 11/5: US Presidential Election 2024
  • 11/5 8:30 AM ET: Sep Trade Balance Tame
  • 11/5 9:45 AM ET: Oct F S&P Global Services PMI Tame
  • 11/5 10:00 AM ET: Oct ISM Services PMI Mixed
  • 11/7 8:30 AM ET: 3Q P Non-Farm Productivity Tame
  • 11/7 8:30 AM ET: 3Q P Unit Labor Costs Mixed
  • 11/7 9:00 AM ET: Sep F Manheim Used vehicle index Tame
  • 11/7 2:00 PM ET: Nov FOMC Decision Dovish
  • 11/8 10:00 AM ET: Nov P U. Mich. Sentiment and Inflation Expectation Tame
  • 11/12 6:00 AM ET: Oct Small Business Optimism Survey Tame
  • 11/12 11:00 AM ET: Oct NY Fed 1yr Inf Exp Tame
  • 11/13 8:30 AM ET: Oct CPI Tame
  • 11/14 8:30 AM ET: Oct PPI Tame
  • 11/15 8:30 AM ET: Oct Retail Sales Data Tame
  • 11/15 8:30 AM ET: Nov Empire Manufacturing Survey Hot
  • 11/18 10:00 AM ET: Nov NAHB Housing Market Index Tame
  • 11/18 4:00 PM ET: Sep Net TIC Flows Hot
  • 11/19 9:00 AM ET: Oct M Manheim Used vehicle index Mixed
  • 11/21 8:30 AM ET: Nov Philly Fed Business Outlook Tame
  • 11/21 10:00 AM ET: Oct Existing Home Sales Tame
  • 11/22 9:45 AM ET: Nov P S&P Global Manufacturing PMI Tame
  • 11/22 9:45 AM ET: Nov P S&P Global Services PMI Tame
  • 11/22 10:00 AM ET: Nov F U. Mich. Sentiment and Inflation Expectation Tame
  • 11/25 8:30 AM ET: Oct Chicago Fed Nat Activity Index Tame
  • 11/25 10:30 AM ET: Nov Dallas Fed Manuf. Activity Survey Tame
  • 11/26 9:00 AM ET: Sep S&P CoreLogic CS home price
  • 11/26 10:00 AM ET: Nov Conference Board Consumer Confidence
  • 11/26 10:00 AM ET: Oct New Home Sales
  • 11/26 2:00 PM ET: Nov FOMC Meeting Minutes
  • 11/27 8:30 AM ET: Oct PCE Deflator
  • 11/27 8:30 AM ET: 3Q S 2024 GDP
  • 11/27 10:00 AM ET: Oct P Durable Goods Orders

Economic Data Performance Tracker 2024:

November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.
Source: Fundstrat, Bloomberg

Economic Data Performance Tracker 2023:

November Top Stock Ideas and Super SMID Granny Market Update + SMID Granny November Rebalance +27 adds/ -25 deletes.
Source: Fundstrat, Bloomberg

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