Authored by ZanderVanDerMerwe
Yesterday’s Movers:
- XPeng Inc (XPEV) was down 12.57% as supply chain issues for Electric Vehicle companies remain a major concern
- Tesla Inc (TSLA) was down 11.55%as supply chain issues for Electric Vehicle companies remain a major concern
- Nikola Corporation (NKLA) was down 9.01%as supply chain issues for Electric Vehicle companies remain a major concern
- Netflix Inc (NFLX) was up 7.51% as an investor note disclosed the purchase of 3.1 million shares
Earnings Due:
| Stock | Symbol | Announcement date | Release Time | EPS Estimate |
| Alibaba Group Holding Limited | BABA | 28/1/2022 | Estimated | $1.95 |
| Chevron Corporation | CVX | 28/1/2022 | Estimated | $2.19 |
| Royal Caribean Cruises Ltd | RCL | 31/1/2022 | Estimated | -$4.21 |
| PayPal Holdings Inc | PYPL | 1/2/2022 | Estimated | $1.08 |
| Autohome Inc | ATHM | 1/2/2022 | Estimated | $0.72 |
Stocks to watch:
The oil and gas producer has been one of the stand-out stocks for the year so far as USOil(USOil.ts) has recovered substantially over the last month seeing the commodity recover from its low of $62.32 to $88 over December and January, with a possibility of more upside to $90.
Chevron is one of the companies that continue to thrive during the high inflationary period that we’re in, Crude Oil has been rising as inflation pressure continues to take charge with the supply issues that are experienced. The energy company broke to make new all-time highs during the week and should continue as there are no signs of inflation slowing down with the Fed still very much on the sidelines.
Read More: The RBA Raised Rates By 25BPS
The fourth quarterly report is expected to be positive. Over the last 3 months, estimates have been revised to 16 upward as earnings are expected to continue to grow. Chevron released a $15B capex budget for 2022 up 20% from last year, including $8B for current assets and development.
