XJO – Chart Review
The XJO is now trading at the upper band of the consolidation channel that’s been in place since mid-last year.
US Earnings
Bank of America reports quarterly results Monday before the bell.
Dow blue-chip names report earnings this week, including IBM, Procter and Gamble, Travelers, Dow Inc, Johnson and Johnson, American Express and Verizon.
Netflix earnings are due on Tuesday and Tesla out on Wednesday. Snap reports Thursday.
JP Morgan – 1Q22 Earnings
JPMorgan Chase’s Chief Executive Jamie Dimon warned of economic uncertainties arising from Russia’s invasion of Ukraine and soaring inflation after first-quarter profits at the largest U.S. bank slumped 42%.
Consumer Banking
Net income of $2.9B vs. $6.8B in 1Q21 & revenue of $12.2B, down 2% YoY
Corporate & Investment Banking
Net income of $4.4B, down 26% YoY & revenue of $13.5B, down 7%
YoY
Commercial Banking
Net income of $850mm, down 28% YoY & revenue of $2.4B was flat compared to the prior year.
Fisher & Paykel – Add to Watchlist
Fisher & Paykel Healthcare Corporation is under Algo Engine buy conditions and is now approaching oversold levels. We suggest adding this name to your watchlist.
The technical setup for the trade entry will be monitored and further explained in our Monday night member-only webinar.
If you’re not a member, please start your free trial or reactivate a past trial account using this link https://www.investorsignals.com/register
Collins Foods – Short-term Trade Setup
Collins Foods is under Algo Engine buy conditions.
Short-term traders may consider applying a stop loss below the recent pivot low.
15/4 update: Collins Foods continues to find buying interest above our support levels.
Star Entertainment – Chart Review
The Star Entertainment Group is under Algo Engine buy conditions.
The Star says it expects to see strong revenue growth under normalising business conditions.
15/4 update: The share price is trading within our forecast trading range and we’re now monitoring the short-term price action and momentum indicators for signals of increased buying activity.
Mineral Resources & Iluka
Mineral Resources’ accelerated restart of Wodgina train 1&2 has helped to improve investor sentiment towards the stock. MIN offers a unique mix of lithium and iron ore.
Iluka’s phase 3 project will capture more value along the rare earth’s value chain.
Mineral Resources (MIN), Iluka Resources (ILU), S32 (S32), Coronado Global Resources (CRN) and
New Hope Corporation (NHC) remain under Algo Engine buy conditions.
Silver – ETF Physical
ETF Physical Silver is under Algo Engine buy conditions.
JP Morgan – 1Q22 Earnings
JPMorgan Chase’s Chief Executive Jamie Dimon warned of economic uncertainties arising from Russia’s invasion of Ukraine and soaring inflation after first-quarter profits at the largest U.S. bank slumped 42%.
Consumer Banking
Net income of $2.9B vs. $6.8B in 1Q21 & revenue of $12.2B, down 2% YoY
Corporate & Investment Banking
Net income of $4.4B, down 26% YoY & revenue of $13.5B, down 7%
YoY
Commercial Banking
Net income of $850mm, down 28% YoY & revenue of $2.4B was flat compared to the prior year.
Meta Crypto Education
Meta and other companies have a long-term vision of building 360-degree immersive worlds, which people will access through virtual reality goggles like Meta’s Oculus.
Sandbox: SAND is the utility token used throughout The Sandbox ecosystem as the basis for transactions and interactions. It is an ERC-20 utility token built on the Ethereum blockchain.
Decentraland: MANA token is the native currency of Decentraland. It is a cryptocurrency (ERC 20) and can be used to buy in-game goods and services
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