Stocks Up Nearly 3%; Range Trade in Light Summer Activity

May 22, 2020

In this strategy briefing…

For Wall Streeters, summer typically begins at the Memorial Holiday break, and not by the calendar. Given that we have been range trading for nearly a month now, the prospects of further meandering look relatively high, short ... – The Wall Street DebriefRead more
This week saw progress in the US on two fronts: first in healthcare (potential vaccine being developed by Moderna (MRNA) and others) and steps forward to re-open the US economy. However, a return to normalcy is ... – Tom Lee's Equity StrategyRead more
Is the Fed from Venus and the Treasury from Mars? The battle between U.S. Treasury Secretary Steve Mnuchin and Federal Reserve chairman Jerome Powell was in full view last week as the two testified before Congress. ... – Fed WatchRead more

FS Insight Investment Views

Near Term View: There is more certainty than consensus realizes, Opportunity in epicenter stocks
'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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Ray: 20204f-763c0e-1bd273-5fa092-b74a0b

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