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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.

TODAY’S MORNING EARNINGS: YJ UCL STG SHIP SFET NAT NNDM KIRK BEKE GAMB EH BNR BORR BOSC

TODAY’S AFTERNOON EARNINGS: VIEW VSCO SPWH CRM YY HPQ FINV APPS CHPT VTOL BARK AMBA

TODAYS GENERAL OBSERVATIONS: World markets traded higher on Labor Day, although they seem to be giving up those gains today. I understand most folks don’t pay attention to the world markets on holidays, but it’s necessary lest we lose track of what’s driving them. China has eased up on lockdowns which drove markets higher on Labor Day, however the EU has agreed to cut back on Russian oil imports which is already reflected in the oil futures. Moreover the EU just reported inflation data that came in much higher than expected, which may bleed poor sentiment into US markets. I hope we can get one more pump out of this market, … if nothing more than to find some good short plays … but we will see. Firearms & ammo related stocks seem to be the new bullish play (lucky for us considering the lone stock we still have left on the buy list), but remember that they aren’t pumping because of the Texas shooting, but rather threats to regulate firearms more heavily. Such threats aren’t likely to go away anytime soon.

THIS WEEK’S MAJOR ECONOMIC CATALYSTS: The May ISM Manufacturing PMI (an inflation indicator) will be released this Wednesday 1000ET. The month to month numbers imply an increase or decrease in manufacturing. May consensus comes in at 55.3 whereas April came in at 55.4. The ADP Employment Change is the day after (Thursday with a 300k Consensus), however official unemployment numbers won’t be until Friday when analyst expect a 3.5% unemployment rate with 320k jobs added. Needless to say there’s much more on the calendar, but these are the big ticket items. Any significant deviation from what’s expected will move markets.

LAST FRIDAY’S ECONOMIC NUMBERS: April’s MoM Personal Income came in lower than expected, … an increase of 0.4% when 0.5% was the analyst consensus. Personal spending increased 0.9% while 0.7% was expected. The PCE Price Index MoM & YoY each came in 0.1% lower than consensus at 0.2 & 6.3% respectively. Wholesale Inventories ticked up 2.1% when 2.0% was expected. With numbers so close to expectations … well within margins of error, it’s truly impossible to infer anything from them alone. But taken with the previous numbers we’ve seen, especially the earnings, I think we can safely assess a worn down consumer & retarding growth.

Significant News Heading into 05.31.2022:

• S&P 500 futures slide following last week’s bounce

• Asia-Pacific stocks mixed; data shows China’s factory activity contracted again in May

• European stocks retreat as investors watch inflation data; DSM up 10% after merger

• Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation

• Oil prices jump after EU leaders agree to ban most Russian crude imports

• Families will skip meals to deal with the cost-of-living crisis, UN special advocate says

• China faces a nearly $1 trillion funding gap. It will need more debt to fill it.

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.

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.

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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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