Earnings Are Trumping Headline Risks, Market Hits All-Time High and Settles Back

October 22, 2021

In this strategy briefing…

Key Takeaways S&P 500 closed at 4,544.90 up from 4,471.37 last week. The last 10 days have marked the best reaction to earnings of S&P 500 components in the ... – The Wall Street DebriefRead more
Labor cost is a key question, but 6 supply reasons we see as transitoryThe focus of this note is primarily focused on the shortage of workers.  Earlier this week, my co-founder John Bai and I ... – 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 market confirmed the likelihood of a rally into year-end by hitting a new all-time high despite headwinds. We have raised our YE target for the S&P to 4,800.
‘21 Target:4,800 (YE P/E 22x · 2022 EPS $219)
Granny shots:AAPL, GOOG, MSFT, CSCO, PG, AMZN, AXP, BF/B, BIIB, CL, CLX, GILD, GRMN, LOW, NTAP, NVDA PM, PSX, PYPL, QCOM, QRVO, REGN, TGT, TSLA, UPS, XLNX
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