Here are your stock picks for the week: April 18, 2022

(Jethro Carullo/Unsplash)

Investors will have more earnings reports than they can handle this week, with intel from big names including Johnson and Johnson, IBM, Bank of America, Procter & Gamble, Travelers, Dow Inc., American Express, and Verizon Communications on the horizon.

In other news, Elon Musk continues to make headlines with his Twitter takeover and reports on housing from the National Association of Home Builders’ survey, a housing starts report, and the existing home sales update are all due to be released. 

Lululemon will also be holding an investor event on April 20 that could impact other stocks based on the potential expansion by the retailer into new categories like tennis, golf, footwear, and hiking.

Apple

Apple (ticker: AAPL) hosted its latest product launch earlier this month live from its Apple Park headquarters in Cupertino, California. The event witnessed the tech giant unleashing a slew of new products, most notably a new low-cost 5G iPhone SE, which will retail for $429 and will hit store shelves on March 18.

Apple stock jumped after reporting earnings for Q1 of fiscal 2022, the company’s best-ever quarter for revenue. Apple hasn’t yet given expectations for the current quarter, but executives were relatively positive. 

Raytheon Technologies Stock

Missile-defense and aircraft engine maker Raytheon (ticker: RTX) has seen its stock soar since Russia’s invasion of Ukraine, as demand for artillery continues to accelerate. Especially since the US has been sending missiles to Ukraine, including the Javelin anti-tank missile, made by Raytheon and Lockheed Martin (LMT).

Raytheon, Lockheed, General Dynamics, and Northrop Grumman have all been surging near the start of Russia’s Ukraine invasion. With earnings growing by an average of 112% over the past three quarters, Raytheon is a good buy right now.

Shel

Another stock impacted by the Russia-Ukraine war is energy leader, Shel (ticker: SHEL). After Russia’s invasion of Ukraine drove energy costs higher, the stock has been gaining. After some early obstacles, Shell joined other energy leaders in exiting all of its operations in Russia.

While the longlasting impact from China’s recent Covid lockdowns is still uncertain, and efforts to lower gas prices and whether those efforts can effectively provide any relief for consumers.

As oil prices fell 13% last week to $99.76 per barrel, the US led many nations in releasing emergency oil reserves. In addition to five other big oil names, Shell is set to testify before a House hearing this coming week, looking into allegedly disproportionate increases in gasoline prices.

Raymond James Financial

Financial company Raymond James Financial (ticker: RJF) started 2022 off with a bang, recording client assets of $1.26 trillion and record net loans at Raymond James Bank of $26.1 billion.

The finance company is likely to benefit from rising interest rates and the 10-year US Treasury yield just closed the week at 2.83%, a three-year high. Expectations for combined Fed rate hikes and bond purchases have led to a jump in Treasury yields.

Disclaimer: Market Buzz contributor as no position in any of the stocks mentioned.

This does not constitute investment advice and is for entertainment purposes only.

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