Aug. 17 at 7:18 PM
https://youtube.com/watch?v=l_exgacPg18&is=_qHkpwJqGK3pgP1I
$XLE $PANW $CRWD $MRK $AMGN $CHV
Mark Newton, Global Head of Technical Strategy at Fundstrat, provides a technical outlook on the stock market for the remainder of 2026. While he remains bullish with a year-end target of 8,000 for the S&P 500, he cautions that the path forward will likely be choppy leading into the midterm elections (0:30-0:57).
Key Takeaways:
• Energy & Materials: These are his top sectors for the next two months. He notes that WTI crude could potentially test 110 (5:24-6:15). Specific picks include Valero and Chevron (6:54-7:35).
• Technology: While tech saw consolidation, he remains optimistic about its two-year outlook. He favors Alphabet, Amazon, and cybersecurity stocks like Palo Alto Networks and Crowdstrike (9:50-11:15).
• Healthcare: Highlighted as a strong sector that has been overlooked, specifically mentioning Amgen and Merck (13:28-14:01).
