Fundstrat Global Advisors founder Tom Lee highlighted five must-have stocks from his “Granny Shots” portfolio, which have beaten the market for about five consecutive years. The Granny Shots Portfolio is a compendium of over 30 of Fundstrat’s best stock ideas. Since its inception in 2019, the portfolio has outperformed the S&P 500, gaining 133%, while the broader index has climbed 58%, according to the website. This year, Granny Shots is up 8.3%, better than the S&P500’s 7.4% gain. The wallet is named after a simple underhand method of shooting basketball that is considered to offer high reward with low risk. On Tuesday, however, Lee introduced “Super Grannies” for investors wondering which stocks to buy first in his Granny Shots portfolio. These are the five stocks he ranks as the best of the best. Here are the choices. Fortinet was named “Super Granny”. Fundstrat’s Mark Newton said he expects the cybersecurity stock to reach new highs, even after already rallying 39% this year – although he expects challenges ahead. “At this time, it seems likely that FTNT could show some slowdown or briefly stagnate in June if/when it hits former highs,” Newton wrote. Overall, it is expected that a return to new all-time highs in the 2nd half of this year could occur.” Monster Beverage was also highlighted in the list, with Newton saying the stock remains “one of the best technical names” within consumer staples after rising 14% this year.” Overall, MNST’s relative outperformance against many other Granny Shot names makes this average attractive term, and consideration should be given to buying dips on weakness when this occurs,” he wrote. “Any return to the low to mid $50s would make MNST one point more attractive. technical view.” Elsewhere, On Semiconductor “continues to show excellent technical structure” among all semiconductor names, according to Newton. it is believed to be the strongest candidate in the semiconductor space and appears to be a better technical risk/reward at this time than NVDA,” he wrote. Other names are Fiserv and Intuitive Surgical.
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