Rising US-China, Brexit Deals Hope Spurs Stocks Higher

October 11, 2019

In this strategy briefing…

Fundstrat Direct Investment Views

Near Term View: Falling 10-yr, weakening USD, & higher odds of Sep. rate cut = very bullish. Stick with trades working in ‘19, especially asset-light stocks
YE Target: 3,125 (YE P/E 17x · 2020E EPS $184)
Style: Cyclical, US better than RoW
Focus Stock Ideas: GOOG, AAPL, AMP, BF/B, FB, NKE, ROK, TSLA, XLNX, ATVI, BIIB, BMY, BWA, EMR, IBM, JNJ, KSS, NTAP, PG, PLD, QCOM, TGT, TPR, TXN, XOM
Additions: BF/B, XLNX, ATVI, BMY, IBM, JNJ, NTAP
Deletions: BKNG, AMZN, CL, D, GRMN, NSC, NVDA
Disclosures (show)