Stocks to watch
Please keep in mind This is not investment advice!
Stocks to watch:
| Symbol | Interesting Price levels | Comment |
|---|---|---|
| UNG | $6 | Natural gaz prices are very low at the moment and in face of recession we’re heading new low record. |
| GC | $2018 | Important level for gold future. After a peak above $2060 Gold has entered 2000-2018 zone. Understand the signals of this level |
| NTR | $69 | |
| MMM | $100 | |
| AAL | $12 | |
| VSCO | $29,5 | |
| GPS | $8,75 | |
| M | $16 | |
| AAP | $120 | don’t rush. |
| HRL | $38 | |
| TDOC | $24 | |
| PFE | $40 | |
| LUMN | $2 | Crazy but 2,5 was broken. If it not pivots the next goal is $2! where $2.11 next strong level |
| PYPL | $72 | |
| U | $27,5 | |
| DDOG | $61 | Ready to go long close to this level |
| GTLB | $31 | |
| ZM | $62 | |
| VNO | $13 | |
| O | $58 | Ready to go long close to this level |
AAP details
Following the the (AAP) is still interesting. The strong downtrend pivoted at $110. Now, after Q1 reports we see AAP relatively strong fundamentally, so in a good macro environment, the growth is very likely.
Banks
The recent Bank Runs still fuels market sentiments despite the situation seem to be under control at the moment. This sector is extremly risky right now. However risks are priced in and if you’re looking for risk rewards watch those:
- KRE
- KBE
- WAL
- FRC
- ZION
- SCHW
By the way same whe mentioned last time + AIG, MET and GNW. All has grown since then. But Genworth Financial Inc GNW made 22%! since then (2 weeks!). Huge risk reward.
Monetary stats
| Rates | Value (%) |
|---|---|
| Fed Funds rate (range) | 4.75-5.00 |
| EFFR | 4.83 |
| Fed Discount Rate | 5.00 |
| Prime rate | 8.00 |
Macro outlook
We anticipate that the labor market will reveal some weaknesses, which could have a dampening effect on household spending and the broader economy. Recent data on jobless claims suggests that employment conditions are healthy, yet simultaneously showing signs of softening. The uptick in initial jobless claims indicates the emergence of layoffs and heightened uncertainty among employers, while the decrease in continuing claims is a positive sign.. The fact that continuing claims are up over 10% from last year suggests that finding new employment is gradually becoming more challenging.
Next week Calendar
This week marked a positive start to the earnings season as prominent banks such as JPMorgan Chase, Citigroup, and Wells Fargo exceeded analysts’ earnings expectations. The financial sector will continue leading the new cycle and by end of Wednesday, April 19 the world wold have a better picture about the impact of 2023 banks situation. Consider that.
Monday, April 17
Earning Reports
Financial sector starts new cycle
- Charles Schwab Corporation (SCHW)
- State Street Corporation (STT)
- Financial Partners (PNFP)
Statistical Data
- NY Empire State Manufacturing Index (Apr)
- NAHB Housing Market Index (Apr)
- China GDP Growth Rate (Q1 2023)
Tuesday, April 18
Earning Reports
Banks continue then on tuesday
- Bank of America (BAC)
- Goldman Sachs (GS)
- Western Alliance Bancorp (WAL)
- Silvergate Capital (SI)
- Bank of New York Mellon (BK)
- Netflix (NFLX)
- Johnson & Johnson (JNJ)
- United Airlines (UAL)
Statistical Data
- Housing starts (Mar)
- Building Permits (Mar)
Wednesday, April 19
Earnings Reports
- Tesla (TSLA)
- Morgan Stanley (MS)
- U.S. Bancorp (USB)
- Discover Financial (DFS)
- Synchrony Financial (SYF)
- Zions Bancorporation (ZION)
- Ally Financial (ALLY)
Statistical Data
- Euro Area Inflation Rate (Mar)
Thursday, April 20
Earnings Reports
- AT&T (T)
- American Express (AXP)
Statistical Data
- The Conference Board Leading Economic Index for the U.S
- Existing Home Sales (Mar)
- Japan Inflation Rate (Mar)
Friday, April 21
Earnings Reports
- Procter & Gamble (PG)
- Freeport McMoran (FCX)