Markets Have Roller Coaster Week, Friday's Losses Cut In Last Hours of Trading

December 3, 2021

In this strategy briefing…

Key Takeaways The S&P 500 closed at 4,538.43 down from last week 4,697.96. The VIX settled at $30.51 but got above $35 in intraday activity. The sell-off was mitigated ... – The Wall Street DebriefRead more
The first two USA Omicron cases have been “mild” –> yet, 20 nations have closed borders…does it matter now? Policymakers panicked a week ago, in response to the identification of the new Omicron COVID-19 variant. ... – 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 emergence of the Omicron variant has had markets on edge since the Thanksgiving Holiday. Friday experienced high volatility that receded into the close. Chinese actions of de-listing spooked markets. We believe a YE rally will occur.
‘21 Target:4,800 (YE P/E 22x · 2022 EPS $219)
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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