Plenty of pockets of the markets illustrated how relative performance can unfold into Christmas as risk regains the ascendancy. A couple of beaten-up stocks in our International Equities Portfolio ran hard overnight, including First Solar (FSLR US), YETI Holdings (YETI US), and The Trade Desk (TTD US), new wave of optimism washed through stocks, i.e. what trade war, what recession!
- We like the risk/reward of FSLR at current levels and view it as a major beneficiary of trade policy certainty, particularly as it looks like both sides realise, they need each other!
We are looking for an initial rally towards $US200. MM is long FSLR in the International Equities Portfolio.
MM is long and bullish on First Solar Inc (FSLR US)
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