Superstock Investor
Morning Briefing

Tuesday, March 29, 2022

Morning Matters:

The Week Ahead For March 28th to April 1st

Stock indexes rose this past week except for the Russell 200.

1.Geopolitical and Fiscal Events. The key issue remains how the Russian invasion of Ukraine plays out and whether neutrality is enough face saving for Russian President Putin.

2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and S&P Case Schiller Home Price Index, Consumer Confidence, ADP Employment Report, Q4 GDP (Final Update), Personal Income, PCE Prices- Core, Chicago PMI, Nonfarm Payrolls, Unemployment Rate, ISM Manufacturing Index and Construction Spending.

3.Earnings Releases. Notable releases this upcoming week include MU LULU MCK CHWY RH PVH PAYX BNTX WBA.

Monday, March 28

No major events of notes.

Tuesday, March 27

January Case-Shiller Home Price Index is due out at 9:00 a.m. EDT and is expected to grow to 18.7% from 18.6%.

March Consumer Confidence is due out at 10:00 a.m. EDT and is expected to fall to 107.50 from 110.50.

Wednesday, March 29

March ADP Employment Jobs Report is due out at 8:15 a.m. EDT and are expected to fall to 440,000 from 475,000.

Q4 GDP (Final Estimate) is due out at 8:30 a.m. EDT and is expected to rise to 7.1% from 7.0%.

Thursday, March 30

February Personal Income is due out at 8:30 a.m. EDT and is expected to rise to 0.5% from 0.00%.

February PCE Prices – Core is due out at 8:30 a.m. EDT and is expected to fall to 0.4% from 0.5%.

March Chicago PMI is expected to rise to 56.80 from 56.30 and is due out at 9:45 a.m. EDT.

Friday, April 1

March Nonfarm Payrolls is due out at 8:30 a.m. EDT and is expected to fall to 475,000 from 678,000. The unemployment rate is expected to fall to 3.7% from 3.8%.

March ISM Manufacturing Index is due out at 10:00 a.m. EDT and is expected to fall to 58.3% from 58.6%.

February Construction Spending is due out at 10:00 a.m. EDT and is expected to fall to 1.0% from 1.3%.

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Market Matters:

Stocks Futures On The S&P 500 +16

Overnight Summary:  The S&P 500 closed Monday at 4575.52 from  4,543.06 on Friday. The S&P 500 now has a three day winning streak. Futures have been moving higher since the market closed on Monday. The overnight high was hit at 5:55 a.m. EDT at 4,592.75. The low came at 4,565.25 at 8:15 a.m. EDT. The current level is at 4,585.75 at 7:30 a.m. EDT up 17.75 up 0.39%.

Breaking News: First Day of Ceasefire Talks end as Ukraine pushes for the Ceasefire. (Bloomberg)

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 +26Dow Jones +204NASDAQ +100, and Russell 2000 +14.  Europe higher across the board. Asian markets higher ex Shanghai.  VIX Futures are at 22.59 from 21.54, lower by -0.40. Gold and Silver lower with Copper higher. WTI Crude Oil and Brent Oil Futures are higher  with Natural Gas lower. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury sees yields at 2.503% from 2.47%. Bitcoin is at $47,642 from $47,295 yesterday morning lower by -0.79%. As of 8:06 a.m. EDT.

Monday’s Action – 03/28/22 Close:  

Third straight session of gains are in the books.  Positive developments from the Russia/Ukraine situation had the indexes finishing at highs.  USO finished down 7.67%.  Updated 03/28/22 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 03/28/22 close.

Gap Ups & Down In Early Pre-Market:

Insider ActionALTG, HMTV sees Insider buying with dumb short selling. GEVO, KFS sees Insider buying with smart short sellers. 03/28/22 close.

Rags & Mags: Repeated stories from prior days never listed, i.e. “rehashed news”. Sorted by Global, U.S. and stock specific.

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:

FedEx Corporation (FDX)
by Superstock Investor


 

Federal Express (FDX) is worth a look as Fred Smith moves to the Executive Chairman role. The stock is at $230.05.

Company Information

Company: FedEx Corporation
Sector: Transportation
Industry: Air Freight & Logistics
Market Cap:  $67,310,000,000

Targets

  Price %Gain  
Current Price $244.78    
Price Target $192.51 -0.2%  
Upper Bound $240.64 0.0%  
Lower Bound $144.38 -0.4%  

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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