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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.

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.

StockTips is NOW on Odyssey: I’ve been trying out a new Discord like chatroom called Odyssey. I’ve set up a channel HERE. I agreed with one of the developers that I would give it a try. Although I reeeaaaalllly hate Discord. Thus far I find Odyssey a far superior & more manageable platform. Nevertheless if you’re interested you may find StockTips here. I think it may only be for Apple devices thus far, but don’t quote me on that. I think its a great way to ask questions, chat, or contact me as you feel necessary.

TODAY’S ECONOMIC CATALYSTS: Today the largest economic catalyst will be Aprils personal income & personal spending data MoM 0830 ET. Consensus personal income is expected to increase 0.5% … same as March. Consensus personal spending is expected to increase MoM by 0.7% … down from March’s 1.1%.

I highly recommend you pay attention to todays (April) Wholesale Inventories & Personal Consumption Expenditures (PCE) Price Index (Both reported at 0830 ET). If inventories skyrocket it can mean firms are having trouble making sales, which means all those overpriced highly inflated goods they bought will need to be slashed in price to move product & remain competitive. This is great for lowering inflation, though not so good for company earnings. So keep an eye on it. Wholesale inventories are expected to come in at 2% higher MoM. The PCE index is the Federal Reserves FAVORITE INDICATOR OF INFLATION. The forecast comes in at 6.4% YoY & 0.3% QoQ. I don’t see any consensus analysts estimates. Consensus for Core PCE is 4.9% YoY & 0.3% MoM. All reported at 0830 ET.

Retail inventories (excluding Auto’s) are forecasted to increase 1.5% MoM (No analyst consensus).

Finally we have the always popular consumer sentiment for May 1000 ET. (59.1% Expected).

SPECIAL MENTION: The May ISM Manufacturing PMI (an inflation indicator) will be released next Wednesday 1000ET. The month to month numbers imply an increase or decrease in production. Consensus comes in at 55.3 whereas April came in at 55.4.

TODAY’S MORNING EARNINGS: VIOT PDD ICLK HIBB CGC BTCM BIG

TODAY’S AFTERNOON EARNINGS: NTZ

YESDTERDAYS ECONOMIC DATA:

• Revised Q1 GDP Growth came in at -1.5% though -1.3% was expected.

• GDP Price index came in at 8% though 8.1% was expected.

• Initial Jobless Claims were 215k, 5k higher than expected.

• April MoM Pending Home Sales came in at -3.9% when -1.6% was expected. Ouch!

BUY LIST UPDATE: I’m under a lot of pressure to find plays for you folks (both long & short) to add to the BUY LIST. However the market is too low to short & too bearish to buy. Valuations, given my economic outlook, are garbage in my opinion. Stocks could certainly go lower … indeed they SHOULD go lower. The earnings I’ve been tracking this season are nothing more than underwhelming. In the interim I’ve been posting the daily insider buys/sells above $25,000 in the paid section of the newsletter (under yesterdays earnings tracker), which can generally be used for a quick & easy profit depending on the market conditions & circumstances surrounding the buy/sell. You will note that insiders are selling much more than they’re buying. I’ve also posted the upcoming IPO Lockup & Quiet Period expirations in the paid section which are usually preceded by selling pressure.

Significant News Heading into 05.26.2022:

• Stock futures are mildly lower as S&P 500 aims for winning week

• Hong Kong’s Hang Seng rises nearly 3%; Alibaba shares soar after earnings report

• European stocks cautious, on course for winning week

• Treasury yields see little movement as Fed rate hike fears ease

• Alibaba, Tencent and JD.com all just posted their slowest revenue growth on record

• Gap shares fall 13% after retailer slashes profit guidance for the year

• Microsoft exec tells employees in Windows and Office groups to be more cautious in hiring

• 3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring

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PAID CONTENT IN THE PAYWALL BELOW: (BUY LIST WILL BE UPDATED SOON)

• A Detailed Breakdown of Yesterdays Earnings Beats & Misses

• Most Recent Insider Buys/Sells

• IPO Lockup & Quiet Period Expirations

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

• 1 Options Strategy

• 19 Stocks on the Price Based Assessment Watchlist 3 Stocks on the Stocks Under $20 List (Read the Warning/Disclaimer) 3 Stocks on the Highly Speculative Highly Volatile Small Cap List (Read the Warning/Disclaimer) 5 Stocks on the short possibilities list

👉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)

LOGIN INSTRUCTIONS: You will need to login to see the detailed list. The “email login link” will send the link to login directly to your inbox (Click the link & it will automatically log you in). You can also choose the “login with password” option. You will need to set up a substack password for this option.

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