GBA ANNOUNCING 1ST WOT INDEX!--- GET WOT! WORK GOING OUT TRAVEL THE KEYS TO LIFE> Today’s retail investors should take the same approach, embracing WOT, or work, going out, and travel. That is according to Piper Sandler analyst Edward Yruma, who initiated coverage on a number of retail stocks in what he called an environment characterized by “intensifying macro pressures, unpredictable spending shifts” and other difficulties. He says that despite continuing fear of a recession and a decline in consumer spending, Wall Street’s forecasts for earnings don’t reflect the pain retailers will suffer as the broader backdrop worsens, potentially forcing stores to offer more discounts and other promotional offers. The stocks could come under pressure, he argues, as analysts adjust their calls to reflect that reality. That said, he does note that valuations look fairly attractive, given the broad industry selloff, and because more resilient names have been hurt by the overwhelming negative sentiment. Yruma writes that “in a highly uncertain (and likely pressured) consumer macro environment, we remain most constructive on stocks that have near-term demand drivers. Our W.O.T. (work, going out, and travel) framework focuses on companies that will benefit from higher activity levels.” He also likes companies such as FIGS FIGS–3.26%(FIGS), the medical-scrubs retailer, with subscription-based operations that exhibit “strong repeat consumer behaviors.” His favorite stocks include NordstromJWN–3.84%(JWN) and Revolve (RVLV), both rated Overweight, which he says should continue to benefit from people increasingly going out and returning to work in the second half of the year. Nordstrom—a Barron’s favorite—particularly “has improved execution, and comparisons remain easy,” he said. He also has an Overweight rating on Warby ParkerWRBY+3.28%(WRBY), which he thinks “should continue to benefit from improving store traffic trends and a push into broader eye care solutions.”
<< W.O.T INDEX>> --> RVLV -->WRBY -->FIGS -->BIRD --> Travel stocks: Trip.com (TCOM), China Eastern Airlines (CEA), Royal Caribbean Cruises (RCL), China Southern Airlines (ZNH), Huazhu Group Limited (HTHT), United Airlines (UAL), GreenTree Hospitality (GHG), InterGroup Corporation (INTG), American Airlines Group (AAL), Tripadvisor (TRIP), Delta Air Lines (DAL), Expedia Group (EXPE), Norwegian Cruise Line Holdings (NCLH), Carnival Corporation (CCL), Despegar.com (DESP), Hilton Grand Vacations (HGV), Travel + Leisure (TNL), Booking Holdings (BKNG), Playa Hotels & Resorts (PLYA), Marriott International (MAR), and Airbnb (ABNB), and more. -->
Intel (INTC), Microsoft (MSFT), Apple (NASDAQ:AAPL), Facebook's Meta (META) and Google parent Alphabet (GOOG) (GOOGL) are all on the dock and will get investors' attention with their quarterly reports next week. Intel (INTC) may find the going rough, as Deutsche Bank cut its estimates on the chip giant due to expected weakness in the PC market. Wall Street will look at signs that Apple (AAPL) is seeing growth in areas such as services and its biggest sales source, the iPhone. Meanwhile, Microsoft (MSFT) trimmed its estimates earlier in the quarter, and some analysts have said the software giant may seen some impact on its results from the growing strength in the U.S. dollar.
WHO declares monkeypox outbreak a global health emergency Jul. 23, 2022 10:37 AM ET The World Health Organization (WHO) designated the current monkeypox outbreaka public health emergency of international concern (PHEIC) on Saturday. PHEIC designation is WHO's highest level of warning, previously issued for the COVID-19 pandemic and Ebola. The decision followsa meeting of the WHO’s Emergency Committee on Thursday in which the advisors could not reach a consensus. However, the Director-General of the WHO, Tedros Adhanom Ghebreyesus, overruled the committee's decision on Saturday to add PHEIC designation to the current outbreak, which has so far caused over 16,000 cases across 75 countries. "Under the International Health Regulations, I am required to consider five elements in deciding whether an outbreak constitutes a public health emergency of international concern," Dr. Tedros noted. Vaccine developers for monkeypox: Bavarian Nordic (OTCPK:BVNKF) (OTCPK:BVNRY), Emergent BioSolutions (EBS), Chimerix (CMRX). Developers of therapeutics for monkeypox: GeoVax Labs (GOVX), SIGA Technologies (SIGA), and Tonix Pharmaceuticals (TNXP). Monkeypox test makers: Co-Diagnostics (CODX), Roche (OTCQX:RHHBY) (OTCQX:RHHBF), Abbott Laboratories (NYSE:ABT) The recent surge of monkeypox cases around the world sent the values of Bavarian Nordic (OTCPK:BVNKF) and SIGA (SIGA) sharply higher in recent weeks >
Market Extra Is the stock-market bottom in? What the pros say after S&P 500 tests 4,000 Stock-market bulls are poking their heads above the parapet, declaring the lows in for the 2022 selloff as indexes extend a bounce off their June lows, while skeptics still see little evidence of more than a bear-market bounce. The S&P 500 SPX,-0.93% fell 0.9% Friday to close at 3,961.63, but scored a weekly rise o.6%, the largest since the week ending June 24. It traded as high as 4,012.44, topping the 4,000 threshold for the first time since June 9. As the old saw goes, such disagreements are what makes a market. Here’s a look at where the bulls and bears — and those in between — stand right now. Bullish on breadth Expanding market breadth — measures of how many stocks in an index are participating in a move — “affirms 2022 ‘bottom’ is in,” wrote Tom Lee of Fundstrat Global Advisors in a Thursday evening note. “We are starting to see strengthening internals for equity markets, including key leadership improvements from Technology ($QQQ) and small-caps ($IWM) and measures such as advance/decline lines,” Lee wrote. Other bullish factors include signs that inflation risks are abating as gasoline prices tank and food prices ease, while second-quarter earnings have so far been better than feared and companies report an easing up of “supply-chain” problems, Lee said. Also, a number of previously bullish Wall Street strategists have capitulated, lowering their year-end S&P 500 targets, while institutional investors are arguably near “maximum pessimism” based on a Bank of America survey that showed gross market exposure at 2008 levels. Capitulation The question of whether bulls have full capitulated, exhausting the pool of potential sellers and setting the stage for a durable bounce, remains a subject of debate. Futures positioning by speculators is “incredibly bearish,” said Barry Bannister and stonedinvestor, both of whom told CNBC on Friday that a summer relief rally could take the S&P 500 to 4,200 or 4,300. Bannister, who has described the S&P 500 as being in a “secular” bear market earlier this week had reiterated his call for a 10% bounce off the June low capable of taking the index to the low 4,000s in a relief rally led by cyclical growth stocks. On Friday, he questioned whether the S&P 500 would take out the June lows, arguing that he expects a typical midcycle lowdown rather than a full-blown recession. The S&P 500’s fall to its June low, in real terms, was not far out of line with the typical decline that accompanies recession, he said. Skeptics Doubters, meanwhile, contend it remains far too early to sound the all-clear. Tools for Investing Success-gummies Understand how today’s business practices, market dynamics, tax policies and more impact you with mixed berry gummies Morgan Stanley’s Mike Wilson, who correctly predicted the selloff, argued earlier this week that the market’s “countertrend rally” may continue, but that the bear market is far from over, even if the U.S. economy does dodge recession,according to Bloomberg. Wilson previously warned that a full-blown recession could take the S&P 500 as low as 3,000. Skeptics also remain unconvinced there has been sufficient capitulation by bulls to clear the way for a lasting rally. “With such immense bearishness embedded into today’s stock prices, some suggest now is the time to add significant equity exposure. To be sure, markets very well may be oversold technically, and we think the long-run outlook for stock returns has improved markedly since the start of the year, but that is very different from saying the markets have bottomed,” said Dan Suzuki, deputy chief investment officer at Richard Bernstein Advisors, in a Friday note. Suzuki offered a laundry list of reasons why investors likely haven’t capitulated sufficiently to ensure a market bottom is in place. Aw shut up Suzuki said stonedinvestor you are usually wrong on TV. These include valuations that remain elevated, though down significantly from their peak; Wall Street strategists still recommending an equity allocation of 54.6%, only slightly below the long-term median of 56.2%; Wall Street buy ratings on stocks at 57%, nearly the highest in a decade; and volatility readings that remain below levels that typically signal a bottom; and equity flows that signal investors are still buying. These are stupid reasons said stonedinvestor: this is a laundry list of Duh my name is Suzuki.... Meanwhile, widespread talk of capitulation creates a paradox of its own. “If everybody is itching to get into the market at the bottom, it probably means we are still quite a ways from true capitulation,” he said. BUT WHAT IF EVERYONE SAYS WE ARE GOING INTO RECESSION SOME ARGUE YOU CAN TALK the economy INTO A RECESSION--> WHILE USING THIS SAME SUZUKI LOGIC--> IT REALLY MEANS- WE AINT HAVING ONE! THAT WOULD MEAN S&P 4200. So what we have is a Suzuki Paradox.
SO WHAT EXACTLY ARE CYCLICAL GROWTH STOCKS? Is Steel Growth? Not really. But these guys beat their number and raised guidance we should be buying this name> Steel Dynamics, Inc. (STLD)- <------ NasdaqGS - NasdaqGS Real Time Price. 66.60-4.13 (-5.84%) What are some other cyclical growth stocks?
CYCLICAL GROWTH = DISNEY 1. The Walt Disney Company Entertainment giantDisney(NYSE DIS) has some cyclicality to its business. Consumers reduce their spending on discretionary purchases such as vacations during a recession. That affects Disney’s parks and other consumer businesses. However, Disney is seeing resilient park demand in 2022 despite concerns about the economy. Demand for experiences has remained strong coming out of the early stages of the pandemic, benefiting Disney’s parks and movie businesses. Meanwhile, another entertainment offering, Disney+, continues to add subscribers as more people switch tostreaming. Because of that, Disney could buck the economic cycle by continuing to boost its revenue and earnings in 2022. AND EXPEDIA EXPE Expedia $99.38