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