Superstock Investor
Morning Briefing

Tuesday, March 01, 2022

Morning Matters:

Weekly Chart of the S&P 500 Updated

The Weekly Displaced Moving Average (DMA) Channel (Yellow Band) sees the current price below its channel. As such, bias remains negative on a weekly basis.

Second, the Erlanger Volume Swing (EVS) is at -22.54 from -30.96. Above 0 is good and below 0 is bad. The current action is negative.

Third, the Erlanger Crossover Spread (EC) Spread is negative at -31.62 from -30.96.

Last, the Erlanger Trend Direction (ETD) remains in downtrend.

So what is an investor to do here? We would recommend starting to look for bargains and taking gains on shorts but still keep some names on.

We are 58% invested and waiting to pounce on new buys.

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Market Matters:

Stocks Futures On The S&P 500 -33

Overnight Summary:  The overnight session was decent until 2:00 a.m. EST when futures fell apart after hitting 4396. They have fallen to 4337.75 at 7:15 a.m. EST near the low of 4322.50.  Asia was higher overnight and Europe is trading lower this morning.

Breaking News: Ukraine appeals to EU as massive Russian convoy nears Kyiv this morning.

Earnings Out After The Close:

Capital Raises:

Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other sources.

News After The Close:

What’s Happening This MorningFutures value reflects the change with fair value.

S&P 500 -35Dow Jones -254NASDAQ -119   and Russell 2000 -15.  Asia higher and Europe lower. VIX Futures are at 29.39 from 29.15 yesterday morning. Gold, Silver and Copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury with yields at 1.742% from 1.92% from yesterday.  Bitcoin is at $44,789 from $41,711 at 7.43%. As of 8:09 a.m. EST

Monday’s Action – 02/28/22 Close:  

Stocks ended mixed with the Dow falling 0.49%.  The NASDAQ ended up 0.41%.  The SPX ended -0.24% and fell 3.1% for the month of February.  TLT jumped 2.27% to close at 139.98.  Updated 02/28/22 close.

Upcoming Earnings Of Note: (sorted by market cap, highest to lowest with most visible names)

Earnings of Note This Morning:

Guidance:

Erlanger Research Advance/Decline Chart: Updated through 02/28/22 close.

 

Gap Ups & Down In Early Pre-Market:

Insider ActionNSIT, HSC, MTTR, UVE, LSTR sees Insider buying with dumb short selling. BAND sees Insider buying with smart short sellers. 02/28/22 close.

Rags & Mags: Repeated stories from prior days never listed, i.e. “rehashed news”.

Moving Average Update:

Geopolitical: 

Economic: 

Federal Reserve Speakers:

M&A Activity:

Meeting & Conferences of Note:

Top Tier Sell-side Upgrades & Downgrades:

The recommendations listed below in this “Upgrade/Downgrade” section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting it to make the reader aware of market moving recommendations. None of these recommendations should be interpreted as actual recommendations from CAPIS or its employees.

Today’s Upgrades and Downgrades:

       

Monday’s Upgrades and Downgrades:

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Today's Superstock Investor Stock Scorecard:

Target Corporation (TGT)
by Superstock Investor


 

Target (TGT) reported strong earnings this morning. The current price is $199.77. Is there value here?

Company Information

Company: Target Corporation
Sector: Retailing
Industry: General Merchandise
Market Cap:  $95,780,000,000

Targets

  Price %Gain  
Current Price $217.67    
Price Target $159.79 -0.1%  
Upper Bound $199.74 0.1%  
Lower Bound $119.84 -0.3%  

Stock data last updated 01/28/2022.

Data provided by QPI, Inc. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. QPI, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing this page, you agree not to redistribute the information found herein.

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