IMPORTANT DISCLAIMER: I am NOT a registered investment adviser, broker dealer, or member of any other association for research providers in any jurisdiction whatsoever & I am NOT qualified to give financial advice. Investing/Trading in securities, particularly microcap securities, is highly speculative & carries an extremely high degree of risk. The information, analysis, & opinions listed above are my own & may not properly reflect the underlying conditions of a company or security. You should do your own Due Diligence. Past performance does not guarantee future results. If you trade based on anything I have written YOU ACCEPT FULL RESPONSIBILITY AND LIABILITY for your own trades & actions & hold the author of this publication harmless. If that isn’t clear enough DO NOT TRADE, ACT, OR INVEST, BASED UPON ANYTHING I WRITE OR RECOMMEND. There, we should be solid now.

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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings (Note: Red on the Earnings Calendar Indicates an Earnings Loss [Not Miss] Consensus), & Yesterdays Insider Buys. NEVER BE SURPRISED BY EASILY ANTICIPATED MARKET BREAKING NEWS. That’s our goal here.

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TODAYS COMMENTARY Get a Cup of Coffee & Enjoy Catching Up! If you aren’t reading this daily you are missing out on a wealth of information that could prevent unforced & unnecessary trading errors.

BUY LIST UPDATE: I have 4x Semiconductor or semiconductor related stocks on the BUY LIST, an industry that has some heavy exposure to China, which is why so many have dumped as of late. Two semiconductor names reported yesterday (ETGN & TXN). They weren’t on the buy list but both beat. Smooth sailing for the buy list correct? Not so fast! Texas Instruments had great earnings but guided lower than expected (within range of consensus but the range erred more lower than higher.

“TI's second quarter outlook is for revenue in the range of $4.20 billion to $4.80 billion ($4.73B consensus) and earnings per share between $1.84 and $2.26($2.19 consensus). This outlook comprehends an impact due to reduced demand from COVID-19 restrictions in China. We continue to expect our 2022 annual operating tax rate to be about 14%.”

Nevertheless my semiconductor & semiconductor related picks were already trading at a value on a pullback prior to the date they were added, & are therefore a great value right now. Given the locations of a few of them, the Shanghai lockdowns may actually improve their outlook.

TODAY’s EARNINGS:

Boeing, Meta, Spotify, PayPal, Ford, T-Mobile, Qualcomm, Oshkosh, Pintrist, Humana, Harley Davidson, Las Vegas Sands, Hertz, ADP, Teladoc Health, Teck, Cenovus Energy, & O’Reilly Auto Parts, are the most anticipated earnings for today. Of note, O’Reilly Auto Parts was one of two stocks that ended green yesterday. Indeed vehicle prices are so high people opt to maintain the ones they have. It seems folks didn’t want to sell O’Reilly prior to earnings.

NEXT BIG ECONOMIC DATA: US GDP Growth Rate will be reported 0830 ET this Thursday (quarter over quarter). Consensus estimate is 1.1% & the previous growth rate a quarter ago came in at 6.9%. On Friday we get March Personal Income & Personal Spending month over month. Consensus income is 0.4% & consensus spending is 0.7%. A higher than normal increase in spending can result in a market rally whereas a lower than expected number can run things afoul. Late January, for example, the US experienced a higher than expected number which resulting in a partial market rally only to be stamped out later by inflation data. Personal income can have a like effect. Nevertheless, an increase in personal income & personal spending above expectations may seem great in the short run, but it often means higher than expected inflation in the long run. The more people make & spend the more money you have chasing at limited goods.

YESTERDAY’S DURABLE GOODS ORDERS & NEW HOME SALES: February orders were revised from -2% to -1.7%. The consensus for March was +1% but came in at +0.8%. Commercial plane orders dove -10% while vehicles increased +5%. Core orders (An indicator of business investment) increased 10%. March New Home Sales were in line with expectations coming in at 763,000 with 765,000 expected. This is down from 835,000 in February. Home prices were up 19.4%-20% YoY for February depending on the data source. The Case Shiller Home Price Index is at an all time high.

FED INTEREST RATE DECISION NEXT WEEK: Wednesday next week at 2:00 PM ET we will know how much the Fed will be raising interest rates. Expect half a percent. If they had any sense it would be more.

YESTERDAYS EARNING RESULTS MMM ALLE ARCH ADM ARCC AWI AROW AVY BSVN BFST CNC GLW CEQP DHI ECL ENTG FCF THFF FFWM FELE GE GPK HBCP HUBB NSP IVZ JBLU LCNB MSCI NTRS NVS NVR ONB PCAR PPBI PFIS PEP PJT PII BPOP PROV RTX ROP ST SSTK SITC SBSI SCL SHW TRU TZOO UBSI UPS VLO WBD WM WNEB ACCO GOOGL ABCB APAM ASH AGR AWRE BHE BYD CNI COF CHE CMG CB CSGP EGP EW ENPH EQR ESS EXAS FFIV BUSE FCPT GSHD HAFC HA HIW IEX JBT JNPR LBC MANH MSFT MKSI MDLZ NAVI NCR PEB PFC QCRH QS RRC RNST RHI SKX SPFI TENB TER TX TXN TNET TRMK UDR UMBF USNA V WSBC WH ZWS Paid Subscribers can review all earnings results so far this season HERE.

Significant News Heading into 04.27.2022:

• Dow futures rise 1% as market looks to rebound from Tuesday’s sharp losses

• Major Chinese indexes surge more than 2%, bouncing back from days of losses

• European markets turn positive despite fears over gas supplies, growth; Deutsche Bank down 4%

• Treasury yields little changed as economic growth concerns persist

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