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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.

MOST RECENT INSIDER BUYING

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.

PLEASE BE CAREFUL: In last Friday’s newsletter I posted some tips & pointers of what kind of stocks I think we should be looking for. I had to work through the weekend, but I did find some time to run my screens … & I assess there is plenty of downside left (Given the limited selection available at favorable valuations). At issue here are prices have reached a point where folks will no doubt economize on their needs & cut back on their wants. Inputs are more expensive, energy is more expensive, labor is more expensive, revenue is at all time highs, & yet earnings per share are topping off … & in many cases declining YoY. Why are revenues beating analyst estimates while EPS is declining in many circumstances? Because overhead costs more & there is only so much a business can increase it’s prices while staying competitive.

So what’s next? Well we could certainly use some reprieve, & we will get it in part when the China lockdowns eventually end. However the economic effects of the war in Ukraine, supply chain issues, semi-conductor shortages, rising food prices, increasing commodity prices, & rising energy prices, are likely to persist.

We also have a housing shortage, which has laid forth conditions where prices increase simply for the fact that houses aren’t built quick enough to keep up with even the lower quantity of housing demanded. Combined with higher interest rates, many folks are more prone to rent than to buy, effectively increasing the demand, & therefore the price, of rent. Many are talking about a housing collapse, & while the prices may be volatile, there is little chance of this unless we start experiencing a high rate of foreclosures. I certainly don’t see this happening any time soon. What I do see is the poor & middle class getting rocked by increasing prices, no longer chipping away, but rather gauging away at their spending power. For God sakes, the national average of a gallon of unleaded regular is $4.483.

What’s the point of explaining all of this? Well, if you do well for a living you may not see it … so to you I would ask that you remember that most people are struggling as a result of increasing prices. If you’re struggling, however, don’t assume the world is better off than you … thereby coming to the false conclusion that going long on stocks will lift you out as an alternant source of income. That’s beyond unlikely with these economic conditions. So is going short a solid strategy? Well, can you handle the pressure amid this markets volatility? Do you trust that there won’t be some temporary catalyst that will lead you into the red? Folk’s, things are getting worse, but the worst will come slowly under these conditions. Assessing things quarter to quarter is harder than you might imagine at these valuations, & as of right now, there is little safe harbor for your money.

Retail earnings are inbound folks, a true indicator of last quarters consumer sentiment. It would take some extreme beats for the street to respect the earnings.

NEXT BIG ECONOMIC NUMBERS:

• Retail Sales 0830ET Tuesday 17th MAY: Consensus +0.7%

• Housing Starts & Building Permits 0830ET Wednesday 18th May: Consensus 1.783m/1.813m respectively.

• Existing Home Sales 1000ET Thursday 19th MAY: Consensus 5.56m

NEWS THAT WILL MOVE MARKETS:

• Quite a few Fed Governors speaking this week. Lets not ignore the fact that, more often than not, folks read too much into their statements.

Significant News Heading into 05.16.2022:

• Stock futures fall ahead of a big week of retail earnings

• Asia markets mixed, China stocks fall after economic numbers disappoint

• European stocks mixed as global markets struggle to gain momentum

• U.S., Europe race to improve food supply chains after India bans wheat exports

• U.S. Treasury yields ease lower as investors monitor data, Fed comments

• China’s economic data disappoint in April as Covid controls weigh

• Oil giant Aramco reports record first quarter as oil prices soar

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PAID CONTENT IN THE PAYWALL BELOW:

• 3 Stocks near/at/above the Buy Zone (Waiting to Swing).

• 2 Options Strategies

• 26 Stocks on the Price Based Assessment Watchlist 5 Stocks on the Stocks Under $20 List (Read the Warning/Disclaimer) 6 Stocks on the Highly Speculative Highly Volatile Small Cap List (Read the Warning/Disclaimer) 4 Stocks on the short possibilities list

• A Detailed Breakdown of Yesterdays Earnings Beats & Misses

👉CLICK HERE TO SEE THE DETAILS OF EVERY STOCK ON THE BUY LIST (AND SEE THE PRICE ASSESSMENT BASED WATCHLIST / THE STOCKS UNDER $20 LIST & THE HIGHLY SPECULATIVE LIST)

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