Why Tom Lee and Mark Newton Are Bullish

June 3, 2022

In this strategy briefing…

Good Evening: “You look at every bear market and they’ve always basically occurred because of an uptick in inflation and an uptick in interest rates.” – Paul Tudor Jones The correction we’ve experienced this year fits ... – The Wall Street DebriefRead more
Soft surveys show probabilities rising of “growth scare” and other benign views… The big event this week will be the May payrolls report. This is a case where bad news is good news. A strong jobs figure ... – Tom Lee's Equity StrategyRead more
Fed Vice Chairperson Lael Brainerd’s comments on Thursday supported the hawkish thesis I’ve been repeating for many months, and arguably took the quick end to Fed tightening off the table for now. Despite a few ... – Alpha CityRead more

FS Insight Investment Views

Near Term View: Markets notched weekly losses. Quantitative tightening officially began. Economic data showed continued strength in the jobs market but soft data we’re looking at shows that inflation and labor tightness could be peaking.
‘22 Target: 5,100 (YE P/E 20.5x · 2023 EPS $250)
Granny Shots: AAPL, MSFT, AMZN, CSCO, GOOG, QCOM, AVGO, GRMN, TSLA, NVDA, AMD, BF-B, PM, AMT, EXR, CCI, QRVO, PG, MNST, KLAC, VINF, CB, WRB, ALL, DVN, PSX, CVX, CF, XOM, AXP, PYPL
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