Two All-Time Highs Across Indexes on Friday, Potential Headwinds for Markets in July Likely Followed by Strong 2H

July 2, 2021

In this strategy briefing…

Summary - S&P 500 closes at another all-time high of 4,352.34 up from 4,280.70 last Friday. The DJIA inched closer to its May ATH and the Nasdaq also closed at an ... – The Wall Street DebriefRead more
Summary - COVID-19 case trends have deteriorated as the Delta variant rises proportionally to existing strains. - Our central case is now that 10-15 states (those with lowest vaccination rates) will see another parabolic rise in cases ... – 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:Energy remains our favorite sector, but we are still very positive on FAANG and Epicenter despite headwinds and poor historical performance in July. We see a strong finish to a strong first half. Happy Independence Day everyone!
‘21 Target:4,600 (YE P/E 21.1x · 2022 EPS $204)
Granny shots:PM, MNST, AAPL, GOOG, MSFT, BIIB, MO, GILD, REGN, PG, EIX, MU, QRVO, MXIM, SWKS, AMZN, D, NVDA, QCOM, EBAY, PSX, TSLA, GRMN, PYPL, AXP, BF/B, CSCO, XLNX
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