Markets Have Treacherous, Risk-Off Week, Defensives Rally

January 21, 2022

In this strategy briefing…

Key Takeaways The S&P 500 closed at 4,397.94  down from 4,662.85 last Friday . The VIX settled at  $28.85, its highest level in a while. The Nasdaq entered correction ... – The Wall Street DebriefRead more
I will be on vacation from 1/17 to 1/25, a late Christmas vacation – we will still publish our COVID-19 daily commentary (thanks tireless Ken)– market commentary will resume 1/26 POINT 1: Daily COVID-... – Tom Lee's Equity StrategyRead more
Below we've highlighted stocks that we recommend across at least two of our investment strategies for 2021. These companies could benefit from multiple themes and secular tailwinds – clear picks in our view. Figure: Granny Shots are ... – Granny ShotsRead more

FS Insight Investment Views

Near Term View: The Nasdaq had worst week since 2020 and the S&P 500 sold off 5.7%. Energy continued to outperform. Growth stocks have been hit hard, with Netflix leading the losses Friday after poor guidance. We believe this will be a tough half, but we are still in a secular bull market.
‘22 Target: 5,100 (YE P/E 20.5x · 2023 EPS $250)
Granny shots: MSFT, AAPL, GOOG, KLAC, PSX, PM, BF-B, AXP, PYPL, CSCO, XLNX, NVDA, ROST, PHM, QRVO, AZO, EOG, ATVI, WRB, USB, MPC, ULTA, TGT, TXN, AMZN, AAP, TSLA, GRMN
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