Fundstrat Global Advisors founder Tom Lee has highlighted five must-hold stocks from his Granny Shots portfolio, which has outperformed the market for roughly five years in a row. The Granny Shots Portfolio is a distillate of over 30 of Fundstrat’s best stock ideas. Since its inception in 2019, the portfolio has outperformed the S&P 500, up 133%, while the broader index has gained 58%, according to the website. Granny Shots is up 8.3 percent this year, outperforming the S&P 500’s 7.4 percent gain. The portfolio is named after a simple basketball shot that is considered high reward and low risk. On Tuesday, however, Lee introduced Super Grannies for investors wondering which stocks to buy first in his Granny Shots portfolio. These are his five best stocks. Here are the draft picks. Fortinet is named Super Granny. Fundstrat’s Mark Newton said cybersecurity stocks could climb to new heights, even with a 39% gain this year, but he expects some challenges ahead. “For now, FTNT could see some slowdown or a brief pause in June if it reaches its previous peak,” Newton wrote. “However, unless there is any substantial evidence of technical weakness, it will be difficult Buy dips in consolidation. Overall, expect a rally to record highs likely in the second half of the year.” Monster Beverage also came off the list, with Newton saying the stock remains the “best tech” among consumer staples after rising 14% this year One of the stocks”. “Overall, MNST’s relative outperformance against many other Granny Shot names makes this mid-term attractive and, when that happens, a bargain to consider,” he wrote. “From a technical standpoint Look, any return to the low-to-mid $50s would make MNST more attractive.” Elsewhere, ON Semiconductor “continues to exhibit an excellent technology structure” among all semiconductor companies, Newton said. “Until/unless ON starts to show evidence of a deteriorating mid-term trend, this is considered the top candidate in semiconductor and currently looks like a better technical risk/reward than NVDA,” he wrote. Other names are Fiserv and Intuitive Surgical.
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