Market Debrief (Monday March 28, 2022)

 Happy Monday Stock Talkers!


Stocks kicked off the week on a positive note as Big Tech stocks boosted gains. We have seen two straight weeks of gains, and look to continue the winning streak. This is a defining week for the Fed as some key economic data will be released. This will impact how aggressive the Fed will act towards its plans to raise interest rates. Oil saw its biggest drop in two weeks as Shanghai lockdown shows demand fears. A lot of major economic predictors are starting to prepare for a 0.5 bps hike as investor sentiment is starting to become back to normal. The volatility has seemed to subside in the past two weeks as investors are starting to see through the war overseas and Big Tech starting to recover from losses in the first two months. Amazon ($AMZN) was actually the first mega stock to pare losses for the year, and Apple ($AAPL) has seen a 10 day winning streak, which is its longest in a decade. This should be an interesting week for investors, I'm hoping for some strong economic data reports to kind of clear up this situation so we can move on to a more normal look for the economy.

Major Indices:    

  • S&P 500      4,575.52 +32.46 (+0.71%)
  • DJI              34,955.89 +94.65 (+0.27%)
  • Nasdaq        14,354.90 +185.60 (+1.31%)

Most Active Stocks (Volume):

  • AMC Entertainment Holdings, Inc. ($AMC) (219.642M)
  • Advanced Micro Devices, Inc. ($AMD) (90.687M)
  • Tilray Brands, Inc. ($TLRY) (90.952M)

Notable Gainers (Large Cap):

  • AMC Entertainment Holdings, Inc. ($AMC) (+44.91%)
  • GameStop Corp. ($GME) (+24.77%)
  • DoorDash, Inc. ($DASH) (+8.68%)

Notable Losers (Large Cap):

  • Barclays PLC ($BCS) (-10.44%)
  • DiDi Global Inc. ($DIDI) (-7.65%)

Company News:

  • Terran Orbital Corporation ($LLAP) started trading on the NYSE today.
  • NIO ($NIO) delivered its first ET7 model sedans.
  • Tesla CEO Elon Musk has said he has Covid again.
  • Tesla ($TSLA) has proposed to stock split in hopes of paying a stock dividend.
  • United Air Lines ($UAL) allows unvaccinated employees to return to work. 
  • Walmart ($WMT) has vowed to end cigarette sales at certain locations.
Earnings I'm Watching Tomorrow:
  • Micron Technology, Inc. ($MU)
  • lululemon athletica inc. ($LULU)
  • McCormick & Company, Incorporated ($MCK)
  • Chewy, Inc. ($CHWY)

*Information from Yahoo Finance, Nasdaq, Fox Business, CNBC, and Kiplinger's

Comments

Post a Comment

Popular posts from this blog

Weekly Earnings Review: September 25, 2023- September 29, 2023

     It was a nice little break in the earnings report, but just like that we are back! We are slowly easing our way back into earnings season. However, this week marked the end of Q3 and September. September was a downturn from the rally we saw earlier in the year. There is a lot of stuff looming as the government is set to shut down on October 1st. The Fed is keeping a close eye on inflation but this weeks prints showed some signs of improvement. The average consumer is struggling as savings keep dwindling. In terms of our earnings, we just had two companies that reported this week. One is a warehouse style retailer and the other is a wide range consulting firm.  Tuesday, September 26, 2023 Costco Wholesale Corporation (COST)-     Costco beat expectations on both the top and bottom line. The stock saw a decline after the initial earnings report, but by the end of the week it has hit a new 52-week high. The revenue growth was impressive as it grew by a hair under 10%. The COGS growth
Read more

Weekly Earnings Review: October 16, 2023- October 20, 2023

      Well earnings season is finally among us, so we will start producing more beefier blog posts and cover a lot more companies over these next few weeks. I had one company report last week that I decided to throw into this weeks post, because I felt that it was pointless to make a post with just one boring company. With the inclusion of that company, we will cover 7 companies that report earnings this week and will give your our thoughts and opinions on how they performed during the quarter and the outlook. There is a lot of controversy going on with a war breaking out in Israel and the House of Representatives with out a speaker. This year seems to be the year of how geopolitics affect the market. There seems to be a lot of confusion with the outlook of the market right now, but inflation numbers still look to be fair and the earnings of major companies will be able to tell us a little bit more about where this is headed.  Thursday, October 12, 2023 Walgreens Boots Alliance (WBA)-
Read more

Weekly Earnings Review: November 27, 2023- December 1, 2023

Image
     Stocks continue to rise as we enter the final month of trading for the year. The S&P 500 and Nasdaq had another stellar month. Bond yields continue to fall, as interest rates have seemed to reach their peak. Estimates are all over the place when it comes to when cutting will start and how many cuts we will see next year. I added a new mantra to particular companies. I want to add some visual pieces to the post to entice the readers. Hope you guys enjoy the visuals and the excerpts. Stay investing! Monday, November 27, 2023 Zscaler (ZS)-      Zscaler continues to carry its momentum, as the company beat on both the top and bottom lines. The company achieved 40% growth on the top line and saw impressive growth on the bottom line as well. Management raised guidance and are expecting around 30% growth on both the top and bottom line. What is so impressive about this company is that they are achieving high growth and high profitability. This is a feat that a lot of software companie
Read more