Low distribution across the major indices and strong price action in both indices and growth stocks means we are still bullish.
What to Buy Now: Activision Blizzard (
), Broadcom (
), Diamondback Energy (
), Eagle Materials (
), Estee Lauder (
), Facebook (
), Fidelity Natl Info Svcs (
), Jagged Peak Energy (
), Global Payments (
), Illumina (
), Nextera Energy Partners (
),
Semiconductor (
), RingCentral (
), Servicenow (
), Texas Capital Bancshares (
), Tyler Technologies (
), Vantiv (
), Western Alliance Bancorp (
), Zayo Group (
), Zions Bancorp (ZI
)
Most Recent Focus List Addition: Jagged Peak Energy (
)
1. Moving into 2018, risks to be aware of include:
Higher interest rates
Historically high market valuation
Extended period with no market correction
Extreme lows in volatility
Extreme highs in investors advisor and retail investor sentiment
High hedge fund leverage
