The Morning Call
2/25/22
The
Market
Technical
Thursday in the
charts.
Nomura explains
who BTFD.
https://www.zerohedge.com/markets/nasdaq-soars-back-green-europe-closes
What happens next?
https://www.zerohedge.com/markets/ukraine-war-what-happens-over-next-few-hours-rest-week-and-beyond
Fundamental
Headlines
The
Economy
US
January new home sales declined 4.5% versus
forecasts of -3.9%.
https://www.advisorperspectives.com/dshort/updates/2022/02/24/new-home-sales-down-4-5-in-january
January durable goods
orders rose 1.6% versus consensus of +0.8%; January personal income was flat
versus -0.3%; January personal spending was up 2.1% versus +1.5%; January PCE
price index was up 0.6% versus +0.2%; the core PCE price index was +0.5%, in
line.
The February
Kansas City Fed manufacturing index was reported at 31 versus projections of
17.
International
Q4 German GDP growth was -0.3% versus
expectations of -0.7%.
December Japanese
leading economic indicators came in at 104.8 versus projections of 104.3; February
CPI was 1.0% versus +0.4%; core CPI was +0.5% versus +0.3%.
February UK
consumer confidence was -26 versus estimates of -18.
February EU
economic sentiment was 114.0 versus forecasts of 113.4; industrial sentiment
was 14.0 versus 14.2; services sentiment was 13.0 versus 10.3.
Other
Geopolitics
What does the Russian invasion of Ukraine
mean for the US economy?
https://www.nytimes.com/2022/02/23/business/economy/russia-ukraine-global-us-economy.html
More trouble for a troubled market.
https://www.nytimes.com/2022/02/23/business/stock-market-correction.html
As you know, I try
to avoid political commentary. But this piece by Ann Coulter which is directed at republicans applies
equally to the market.
Here are the
companies most exposed to the negative consequences of the incursion/sanctions.
https://www.zerohedge.com/markets/these-are-companies-most-exposed-russia-and-ukraine
Bottom line.
Focus on what you
can control.
https://thereformedbroker.com/2022/02/24/focus-on-what-you-can-control/
Buyer
Alert
Yesterday:
The
Dividend Growth Portfolio initiated a one half position in Intel ($45).
The
Aggressive Growth Portfolio Added to its Universal Display Corp ($159)
News on Stocks in Our Portfolios
EOG Resources press release (NYSE:EOG): Q4 Non-GAAP EPS of
$3.09 misses
by $0.08.
Revenue of $6.04B (+103.4% Y/Y) beats by $480M.
EOG Resources (NYSE:EOG) declares $0.75/share quarterly dividend, in line with
previous. The board declared a special
dividend of $1.00 per share payable March 29, 2022, to stockholders of record
as of March 15, 2022
What
I am reading today
Curbing
Mickey Mouse degrees.
https://www.adamsmith.org/blog/curbing-the-mickey-mouse-degrees
The
discovery of a pterosaur is the biggest fossil of its kind.
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
Service.
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