Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Here are the “best of the best” stock ideas for a portfolio that seriously beats the S&P 500, says strategist

Here are the “best of the best” stock ideas for a portfolio that seriously beats the S&P 500, says strategist



Qualcomm goods on display, January 9, 2019

AFP via Getty Images

The mixed start for Wall Street is available, thanks to news of a failure at the front of the COVID-19 vaccine (see news).

But technology stocks seem to have exploded on Nasdaq’s COMP
the best day of the week and the third biggest closing in history. This is due to the optimism that continues ahead of Tuesday’s two major technology events – a possible new 5G iPhone from Apple and the start of the event for the first day of Amazon.com shopping. Both shares increase in pre-trade.

On ours call of the day, which offers stock ideas from a portfolio that has returned 34.1% so far, compared to 9.4% for the S&P 500. The so-called “Granny Shots” portfolio from Fundstrat Global Advisors gets its name from the legend of the National Basketball Association Rick Barry, who shot with free throws at hand, “grandma’s style”, for a career percentage of about 90%.

As Fundstrat founder Thomas Lee explains, the Granny Shots portfolio is about the “best of the best” of their portfolios – stocks that have an attractive long-term thesis, although they sometimes earn slowly, which requires patience. Since its inception in January 2019, the portfolio has beaten S&P by 2,470 basis points.

Keep in mind that Grandma’s portfolio got a boost from some of those stellar tech artists this year – Apple, Alphabet GOOGL,,
and Microsoft MSFT.

Fundstrat rebalanced its portfolio for the third quarter to add five new names and delete six. Lee highlights these 35-year charts to illustrate how these stocks can be ready for a revival. Among the new additions is the semiconductor equipment manufacturer KLA Corp. KLAC.

Fundstrat / Bloomberg

The global media group Omnicom OMC is also included,,
which Fundstrat notes has suffered some major “headwinds” since the pandemic this year. Another choice is WW Grainger GWW,,
industry that plays the idea of ​​economic rebound:

Fundstrat / Bloomberg

They also added chip makers – Intel INTC,,
which seems to be “shaking off its failures in 2020” and Qualcomm QCOM,,
which seems to “wake up from a 20-year sleep.”

Fundstrat / Bloomberg

As for those leaving the portfolio, the online travel group Booking Holdings BKNG,,
multinational Emerson Electrics EMR,,
HP HPQ hardware and software company,,
auto parts supplier BorgWarner BWA,,
fertilizer manufacturer CF Industries CF,,
and consumer goods Procter & Gamble PG group
are outside.

The markets

Dow and S&P futures on DJIA FUTURES shares

SP 500 FUTURE
decrease, but futures Nasdaq-100 NASDAQ 100 FUTURES
fly higher, with European shares XX: SXXP
short. Gold prices GOLD
they are also weaker.

The buzzing

Banks JPMorgan JPM
and Citigroup C
start profits from the third quarter, along with Delta DAL.
JPMorgan shares rose after the bank’s revenue forecasts peaked. Shares of stock giant BlackRock BLK
increase after winning profits and revenues.

Optimistic gains are outside the Johnson & Johnson JNJ pharmaceutical group,,
which stopped clinical trials at a late stage for its candidate for COVID-19 after an unexplained illness of a participant. Meanwhile, a 25-year-old man from Nevada became the first reported case of reinfection of COVID-19 in the United States, and his second case was worse than the first.

Disney DIS
says it will reorganize its media and entertainment units to focus on streaming. Shares are rising in the preliminary market.

Demand for personal computers has seen the biggest increase in a decade due to the coronavirus pandemic. The virus also means that global carbon emissions will reach a decade in 2020, but other major climate targets will miss the target, the International Energy Agency said.

President Donald Trump resumed his campaign in Florida late Monday after his doctor said he had tested negative for COVID-19.

Random reading

Fans of former boxing champion Mike Tyson are worried after a strange TV interview.

The UK government has been forced to advertise offering to retrain a ballerina.

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