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) <– carry over
    – Tesla Inc (TSLA) <– carry over
    – JP Morgan Chase & Co (JPM)
    – Block Inc (SQ)
    – Palo Alto Networks (PANW)
  • The bottom 5 stock ideas (to avoid) are:
    – Boeing Co/The (BA) <– carry over
    – NIKE Inc (NKE) <– carry over
    – Pfizer Inc (PFE) <– carry over
    – Alibaba Group (BABA)
    – Target Corp (TGT)

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”

  • We have 5 tactical buys aka “Super SMID Grannies”
    – IES Holdings Inc (IESC)
    – Sterling Infrastructure (STRL)
    – Applied Industrial Technologies (AIT)
    – United States Lime & Minerals (USLM)
    – Hims & Hers Health Inc (HIMS)
  • The bottom 5 “Sleeper SMID Grannies” are:
    – Williams-Sonoma Inc (WSM)
    – ePlus Inc (PLUS)
    – Impinj Inc (PI)
    – Shake Shack Inc (SHAK)
    – CarGurus Inc (CARG)

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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