Fri, February 12, 2021 | 7:15PM ET

Markets Take Jagged Path Over Week To New Highs

Senior Editor & Market Intelligence Analyst

February 12, 2021

In this strategy briefing…

The S&P 500 closed last Friday at 3,886.83 and rose to close at 3,934.83 this afternoon; a weekly gain of exactly 48 points. That’s about a 1.2% gain but ... – The Wall Street Debrief – Read more

As we finish the second week in February, the developments in COVID-19 have been largely positive. Notably, yesterday the White House signed the purchase agreement to secure an additional 200 million doses of COVID-19, bringing ... – Tom Lee's Equity Strategy – Read more

In conversations with clients, we are repeatedly finding that folks are not as complacent and bullish as some reports would suggest. Every client is worried about something. One of the main topics of discussion we have had ... – Portfolio Strategy – Read more

Fundstrat Direct Investment Views

Near Term View:	COVID-19 cases continue falling. Market de-leveraging makes us think previously predicted correction of 10% is now unlikely.
‘21 Target:	4,300 (YE P/E 21.1x · 2022 EPS $204)
Granny shots:	AAPL, CSCO, INTC, MXIM, NVDA, EBAY, KLAC, GRMN, GOOG, MNST, MSFT, AMZN, QCOM, TSLA, PYPL, AXP, BF/B, PM, XLNX, TGT, PG, XOM, VLO, GL, RF, ATVI, BBY, GE, AMAT, LRCX, MU, HPQ

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