News this week…
There is a high level of mistrust by the market to what the US Federal is saying. Federal Reserve Chairman Powell, claims that they are not trying to “induce a recession now”.
About 60% of the C-Levels and executives surveyed by the The Conference Board believe that their region will be in recession by the end of 2023. Seems a long way out but the behavior of the markets now seems to be agreeing with them.
Best to remain disciplined on a long term strategy at this time.
Slow earnings reporting time. Some major companies reporting this week include Lennar Corp. (LEN), KB Home (KBH), Accenture (ACN), FedEx Corporation (FDX) & Rite Aid Corporation (RAD).
Click on the ticker links below for earnings estimates and whispers on expected earnings.
Tuesday, Jun 21, 2022 |
Lennar Corp. (LEN) – Before Market.  |
La-Z-Boy Incorporated (LZB) – After Market.  |
Wednesday, Jun 22, 2022 |
KB Home (KBH) – After Market.  |
Korn/Ferry (KFY) – Before Market.  |
Winnebago Industries (WGO) – Before Market.  |
Thursday, Jun 23, 2022 |
Accenture (ACN) – Before Market.  |
AeroVironment (AVAV) – After Market.  |
CalAmp Corp (CAMP) – After Market.  |
FedEx Corporation (FDX) – After Market.  |
Rite Aid Corporation (RAD) – Before Market.  |
Friday, Jun 24, 2022 |
Carnival Corp. (CCL) – Before Market.  |
Carmax Inc (KMX) – Before Market.  |
The following is a list of stocks for the week of Jun 13, 2022 – Jun 17, 2022 that show bullish and bearish trends.
The bullish matches – Oversold RSI
Ticker |
Company Name |
Date |
Chart Type |
RSI |
INTC |
Intel |
Jun 14, 2022 |
Homing Pigeon |
29.49 |
PLD |
Prologis |
Jun 14, 2022 |
Ladder Bottom |
28.82 |
D |
Dominion Resources |
Jun 15, 2022 |
Homing Pigeon |
22.2 |
WELL |
Welltower |
Jun 15, 2022 |
Ladder Bottom |
28.21 |
CCI |
Crown Castle International Corp. |
Jun 15, 2022 |
Homing Pigeon |
29.68 |
BCE |
BCE Inc. |
Jun 15, 2022 |
Harami |
29.8 |
ETR |
Entergy Corp. |
Jun 15, 2022 |
Homing Pigeon |
25.85 |
SYK |
Stryker Corp. |
Jun 15, 2022 |
Homing Pigeon |
26.47 |
DTE |
DTE Energy Co. |
Jun 15, 2022 |
Homing Pigeon |
25.39 |
AWK |
American Water Works |
Jun 15, 2022 |
Harami |
29.03 |
SO |
Southern Co. |
Jun 16, 2022 |
Unique Three River |
21.1 |
The bearish matches – Overbought RSI
Ticker |
Company Name |
Date |
Chart Type |
RSI |
None |