Markets closed lower on Thursday, with the S&P dropping .30%, with most of the losses happening late in the session. Asia market closed mostly higher overnight while Europe indexes are mixed this morning. US future are pointing to a slightly lower open, the Dollar, Yields, and Oil are also lower while Gold is higher.
First, I want to wish everyone a Happy, Healthy, and Prosperous New Year!
Still narrowing down my Top 5 stocks for 2022 and hope have the Webinar out on Sunday. Tickers are listed in the #2022-ideas channel in the chatroom. Feel free to add some you maybe looking at.
Here are some of the tickers I am researching:
If you have any feedback on a particular name feel free to email or send me a DM in the chatroom. Thanks!
On another note, option volume passed stock volume for the first time in 2021. A nice read here from the WSJ:
It was another annoying session yesterday, with junk names finally finding a bid but giving some of it back late in the day on a last hour sell-off. Once again, yesterdays volume was the lowest on the S&P since Dec. 24th of 2020. Bond markets close early along with some Europe markets. Couple this with many folks being away for winter break, and should be another yawn-fest of a trading day.
DOGZ closed at another all-time high, finishing the session over $8. The calls should start gaining some premium on a move into the low $8s. Will look to close some out at 100% and ride the rest when I get the chance:
FUBO hasn't closed green in back-to-back sessions since the start of the month. If it can hold green this morning will look to add some strikes into 2022:
Eyeing some possible lotto trades today in DKNG, SPOT, TWLO, TEAM, and possibly ROKU.
Not many analyst changes today:
|TransDigm, Northrop Grumman named top picks for 2022 at Morgan Stanley|
|Morgan Stanley analyst Kristine Liwag named TransDigm (TDG), on which she has an Overweight rating and $762 price target, her top pick in Aerospace in North America for 2022. Aerospace stocks are not pricing in a recovery as sentiment is negative and stocks are trading at about a 27% discount to normalized 2019 levels, said Liwag, who views TransDigm as a pureplay on the aftermarket and sees the potential for upside to her and consensus estimates depending on the pace of an air traffic recovery. In terms of Defense, Liwag names Northrop Grumman (NOC) as her "preferred Defense prime," calling it her "preferred way to play the Great Power Competition theme in 2022." She is particularly bullish on the company's space portfolio and see additional runway for growth there, while also arguing that Northrop today is similar to Lockheed Martin (LMT) a decade ago with the F-35 given that its position as the prime contractor for the B-21 bomber and Ground Based Strategic Deterrent put it "on the cusp of major platform-fueled growth." Liwag has an Overweight rating and $440 price target on Northrop shares|
|Constellation Brands price target raised to $271 from $268 at Barclays|
|Barclays analyst Lauren Lieberman raised the firm's price target on Constellation Brands to $271 from $268 and keeps an Overweight rating on the shares. The analyst says "sentiment feels increasingly constructive" for Constellation heading into the company's fiscal Q3 earnings report. "Healthy" scanner data suggests continued strong consumer demand and the stock acted positively across the month of December, Lieberman tells investors in a research note|
|Pure Storage price target raised to $37 from $33 at Stifel|
|Stifel analyst Matthew Sheerin raised the firm's price target on Pure Storage (PSTG) to $37 from $33 and keeps a Buy rating on the shares. Sheerin said demand signals in the technology supply chain "remain quite strong for 2022," but he expects ongoing supply shortages to persist at least through the first half. However, he sees this setting the stage for a strong second half in the space, he added. In terms of his top picks for 2022 in the space, Sheerin names Hewlett-Packard Enterprise (HPE) and Pure Storage among hardware OEMs|
|Exxon Mobil update implies strong Q4 results, says Goldman Sachs|
|Goldman Sachs analyst Neil Mehta estimates that Exxon Mobil's 8-K filing last night implies that Q4 EPS excluding identified items and LIFO effects came in at $2.00 at the mid-point, versus his prior estimate of $1.72 and FactSet consensus of $1.75. Following the trading update 8-K, which he said implies "strong Q4 results," Mehta revised his Q4 EPS estimate from $1.72 to $1.95 and said he remains constructive on Exxon Mobil shares heading into the quarter and 2022. Mehta keeps a Buy rating and $71 price target on the stock|
And here is what I am watching today: TWLO, TEAM, ROKU, CTXS, OPRK, RDFN, Z, FUBO, DKNG, SPOT, EXAS, DECK, DXCM, CMG, CDLX, EVBG and BURL.
Let's have a great day!