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Can we fix it?

Happy Monday Coachmen! As we head into an essential week for both retailer earnings and impactful economic data, we’ll continue providing your daily dose of the best market commentary in the business, so keep on reading!


“I don’t think limits”

- Usain Bolt


Market Talk

This week we’re on track to hear from some of the largest, and most embattled retailers in the world including Target, Home Depot, Walmart, and Lowe’s as they continue to combat symptoms of the bullwhip effect. John Deere’s Friday earnings report will also be one to watch as it will provide some indication of where the agricultural, and industrial sectors will be trending over the coming months. We personally believe that discount retailers, such as TJX and Ross Dress For Less will outperform the retail sector in the near future as tight financial conditions continue to plague the consumer’s pocketbook. Outside of retailers, shipping powerhouse ZIM will also be reporting earnings this week, which will provide us with insights into the current volume, price, and state of international maritime shipping.

Outside of earnings, there is a multitude of economic data released this week that will paint a true picture of the health of the US economy, and what will unfold as we begin to enter another proposed round of Fed tightening Below are a chosen few that we believe take precedence, however you can find the full reporting schedule by clicking here. Monday:

  • Empire State manufacturing index

  • Forecast: 5.0

  • Previous: 11.1

  • NAHB home builders index

  • Forecast: 54

  • Previous: 55


  • Housing Starts (seasonally adjusted)

  • Forecast: 1.5M

  • Previous: 1.56M


  • Retail Sales

  • Forecast: 0.1%

  • Previous: 1%

  • Business Inventories

  • Forecast: 1.4%

  • Previous: 1.4%


  • Initial jobless claims

  • Forecast: 265K

  • Previous: 262K

  • Existing home sales (seasonally adjusted)

  • Forecast: 4.8M

  • Previous: 5.12M


Short: Li Auto Inc. (LI-NASDAQ) | Timeline: 2 days

Li Auto Inc, a company that designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China has reported substandard earnings this morning as traders head into another exciting week of market movement. The company missed earnings and revenue by 71.83% and 14.71%, respectively, and management reported quite disappointing guidance as they expect to only sell between 27,000-29,000 cars next quarter - a potential increase of only 7.5%-15.5%. Turning to the chart, the stock rallied about 80% in the month of June, an unsustainable increase that bulls could not maintain, indicated by the triple-top and reversal back under the 50-day MA as investors got a sense of how the company had really performed over the quarter.


Chart of the Day - Energy E&P Stocks-to-Oil Ratio

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