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Daily Stock Picks

The start of earnings and PPI - is the market going to keep going down? Market update 4-13-22

Apr 13, 2022
42:29

$JPM and $BLK released earnings and both had comments about "geopolitical and economic cliffs ahead". Those words are key in guidance. 

I like $BAC and $WFC in the banking area and they report tomorrow. $GS might be an opportunity as well. 

$DAL reported $1 Billion more in revenue than analysts expected. They are seeing record demand (March was the best booking month in their history) and people are buying more expensive seats. Guidance was for a strong rest of the year flying at 90% of capacity. 

PPI index came in worse than expected and the market reacted poorly. It has since recovered a little since then. 

Oil is holding at $100 - but it will go up. Kudos if you took profits on $UCO at $165. 

$DVN - buy under $60 - it's up again. 

$FANG is a buy. 

$SPG - I believe this one will give be good close to earnings. a 5% dividend while you wait too. 


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