Oil and Energy are still solid buys here - Market update 5-25-22

Today's news dragging the market is Apple's iPhone development cycle being hit by the China shutdowns. 

Dick's Sporting Goods ($DKS) reports good earnings, but bloated inventories and costs are hurting them just like Target, Walmart and Amazon. 

On the opposite side, Nordstroms reported great earnings and said price was of no concern to their consumers. 

Great debate of whether it's the low end consumer that's hurt more, but $TJX reported good earnings too - they are masters at supply chain and may have more inventory coming to them - this may be an opportunity to get their stock cheap. 

Oil is up - demand is up! Keep buying $DVN $CVX $XOM $FANG $UCO on dips

$ZIM article I posted made good points that it's probably got more room to run. 

$CSCO CEO said they are seeing very strained supply chains. They can't find power supplies for their equipment.