EarningsBeats.com Digest for February 4, 2022
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Join Us For Tomorrow's Event...
The January Effect
Saturday, February 5th at 10am ET
There's an old Wall Street adage, "As goes January, so goes the year!" Tom Bowley, Chief Market Strategist, explains the meaning behind this and illustrates the historical implications of poor January performance. The S&P 500 just lost 10% in January 2022. What does history tell us to expect over the balance of 2022? Find out during this session.
This is a free event and you're invited! You'll receive room instructions tomorrow prior to the event. The session will be recorded for those unable to attend live.
This event is the first of three sessions of our February Educational Series that will be hosted over the next three Saturdays. Last month, we told you the market would be volatile this year and was heading lower. But now the question is HOW MUCH LOWER? We have a cyclical bear market on our heads and this series is designed to help you navigate what will become a very difficult 2022. To learn more about upcoming sessions, including
"The Anatomy of a Cyclical Bear Market" on Saturday, February 12th and "The Most Overlooked Growth Stocks" on Saturday, December 19th, click below.
See you tomorrow!
A Company to Help Weather The Inflation Storm
It's well documented that I don't believe inflation will be nearly as bad as most analysts or the Federal Reserve. Yes, it will go higher the next 2-3 months - that's nearly a certainty. But beyond that I expect the inflation rate to drop and perhaps drop quickly. In the meantime, however, we have inflationary concerns, along with the
potential for higher interest rates. Where do we consider putting some money to work? Honestly, I'm a big fan of cash, but if I'm forced to select U.S. equities, I'd look at a company like Waste Management (WM):
While WM has definitely been downtrending in 2022, the price action may not be telling the whole story. Look at its AD line, which for the last 3 weeks has been soaring. There have been few big red candles, which is a sign of distribution. Instead, WM has mysteriously held up quite well after gapping lower. After the big gap lower on Wednesday, WM printed a bullish hollow candle, closing very near its high of the day - and on extremely
heavy volume. I'd view that day as accumulation, even though WM finished down a couple bucks.
Listen, the January tumble in U.S. equities is a big problem. History tells us that we should not expect much in the way of market gains over the balance of the year. I plan to discuss EXACTLY what history is telling us at tomorrow morning's "January Effect" webinar. I hope to see you there!
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Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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