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I hope you’re ready - More than 1/3rd of the S&P 500 reports this week

Apr 25, 2022

Good morning!

China’s covid breakout is spreading, the Fed’s hangover continues and more than 1/3rd of the S&P 500 reports this week.

Are you ready?

I hope so for the very simple reason that anybody who’s not will get clobbered. No two ways about it.

Here’s my take with the fabulous Stuart Varney just ahead of the opening bell. (Watch)

Here’s my playbook.

1 – China’s Covid breakout isn’t the real problem

The fear isn’t so much China itself but whether Western leaders will use it as an excuse for more spending (worsens inflation) or more lockdowns (which worsen the economy). (Read)

China’s next move, BTW, will be spinning the narrative to create more help, favourable trade terms etc. by positioning it as a need to work together, that China’s important to global trade etc. Most of it will be in China’s interest, naturally.

2 – Anybody not putting up numbers this week will get “Netflixed”

1/3rd of the S&P 500 (roughly 160 companies) reports earnings this week, including heavyweights like MSFT, GOOG, FB, TWTR, AMZN, AAPL, and CVX.

Don’t be cavalier or careless … any company that doesn’t report growth or at least sustains estimates will get “Netflixed”.‍

‍BTW, I’ll have specific commentary on each of those stocks in this week’s One Bar Ahead™ Weekly Update later this morning. So please keep an eye on your email if you’re part of the OBA Family.

If you’ve got this covered, that’s totally cool and well done! If you’d like a little help or perspective, I’d love the chance to earn your trust, goodwill, and business. (Learn more)

3 – Twitter: “We’ll know by Monday”

Last Friday I told you that the game was in high gear, noting specifically that Twitter would probably decide by Monday …

Widespread media reports suggest my timing is spot on. (Read)

Don’t fall for the narrative, however. … Twitter is not “warming up to the idea” … the company has no choice. This is simply more spin to try to convey that the beleaguered C-suite is still in charge and that the BOD remains relevant.

4 - Stripe to pay in stablecoin

This is a game-changer. Stripe, one of the world’s largest payment processors, will now allow businesses to receive their payouts in crypto. Interestingly, it’s going to be in USDC, a stablecoin that’s pegged in value to the US Dollar. (Read)

Perhaps not surprisingly, Twitter will be among the first to implement this, by allowing prominent creators to receive their earnings in USDC. (Read)

Might be time for a rethink on Bitcoin and Ethereum!

5 – Pfizer’s down, time to add

Pfizer is on the cusp of truly customizable medicine, has an amazing book of business, and a lock on the vaccine market. Yet, shares are down today on news that it is voluntarily recalling 5 batches of Accupril blood pressure medicine. (Read)

Low beta, strong dividend, massive growth ahead … you know the drill.