Weekly Picks of Stocks (5/23/2022)

News this week…

CEOs, Politicians and Billionaires are set to meet at the World Economic Forum between May 22-26.  The theme this year will be Climate and Nature.

S&P 500 seven consecutive weeks of losses. Touched bear market level on intraday Friday when it went down 20% from its highs.

Federal Reserve May 3rd and 4th meeting minutes will be released on Wednesday. This should offer concrete information on upcoming interest rate hikes in 2022.

The second estimate of US GDP data will be released Thursday. First estimate was that the GDP contracted at -1.4%, largely due to inflation and supply chain issues. The update is expected to be revised to -1.3%.

April’s Personal Consumption Expenditures Price Index will be released this week. This is the Federal Reserve’s preferred inflation measure and it shows how quickly prices are increasing throughout the country.

Q1 earnings continues this week.  More retail and some tech include ZOOM VIDEO CMTS CM A (ZM), Best Buy Co. Inc. (BBY), NVIDIA Corporation (NVDA), Baidu.com, Inc. (BIDU), Dollar General (DG), Dollar Tree, Inc. (DLTR), Macy’s, Inc. (M), Ulta Beauty (ULTA) & Big Lots (BIG).

Click on the ticker links below for earnings estimates and whispers on expected earnings. 

Monday, May 23, 2022
Advance Auto Parts (AAP) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Xcel Brands (XELB) – After Market.   Add to Google Calendar   Add to Outlook Calendar
ZOOM VIDEO CMTS CM A (ZM) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Tuesday, May 24, 2022
Abercrombie & Fitch (ANF) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Best Buy Co. Inc. (BBY) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Frontline (FRO) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Nordstrom (JWN) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Ooma Inc (OOMA) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Urban Outfitters (URBN) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Wednesday, May 25, 2022
Box Inc (BOX) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Dick’s Sporting Goods (DKS) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Guess’, Inc (GES) – After Market.   Add to Google Calendar   Add to Outlook Calendar
NVIDIA Corporation (NVDA) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Splunk Inc (SPLK) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Williams Sonoma (WSM) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Thursday, May 26, 2022
Autodesk, Inc. (ADSK) – After Market.   Add to Google Calendar   Add to Outlook Calendar
American Eagle Outfitters (AEO) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Build-A-Bear Workshop (BBW) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Baidu.com, Inc. (BIDU) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Burlington Stores (BURL) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Dell Tech (DELL) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Dollar General (DG) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Dollar Tree, Inc. (DLTR) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Genesco Inc. (GCO) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
The Gap, Inc. (GPS) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Macy’s, Inc. (M) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Movado (MOV) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Red Robin Gourmet Burger (RRGB) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Ulta Beauty (ULTA) – After Market.   Add to Google Calendar   Add to Outlook Calendar
VMware, Inc. (VMW) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Workday, Inc. (WDAY) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Friday, May 27, 2022
Big Lots (BIG) – Before Market.   Add to Google Calendar   Add to Outlook Calendar

The following is a list of stocks for the week of May 16, 2022 – May 20, 2022 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
TXMD TherapeuticsMD May 16, 2022 Harami 14.49
LAND Gladstone Land Corporation May 19, 2022 Piercing Line 22.7
RGLD Royal Gold May 19, 2022 Harami 29.63
LANC Lancaster Colony May 19, 2022 Harami 29.28
TGT Target Corp. May 20, 2022 Harami 19.06

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
SWIR Sierra Wireless May 17, 2022 Deliberation 73.53