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Hotline Sample Report

This report is a sample for information purposes only. These recommendations are closed.
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8/4/2022 2:00:59 PM Eastern Time

By Charles Payne, CEO & Principal Analyst

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It is a relatively calm day, with the Nasdaq headed higher, but off the high, the S&P 500 flat,and the Dow lagging.  The market is continuing to mull over earnings reports and take in news from Central Bank rate hikes around the world. The Bank of England raised rates 50 basis points today, making this the largest increase since 1995.  

Amazon (AMZN) is a clear stand out, up around 2% today to $142.76, but it has gained almost 40% since the June 14 low closing price of $102.31. Walmart's (WMT) woes continue, and the stock is down over 3% on news it is laying off 200 corporate employees.  

Four of the 11 S&P 500 sectors are in the green.  Consumer Discretionary is the best performing sector, helped in part by MGM Resorts (MGM) on the back of their earning’s report.  

Energy is underperforming.  WTI has dipped below $90, down 2.75% to $88.16, as demand fears from economic uncertainty pressures the commodity and drives the price down.  Prices at the pump are coming down as well.  The national average price for a gallon of gasoline is down to $4.21 as of August 1, lower by 15 cents from the prior week.  It is still, however, significantly higher than the $3.17 in the prior year period.

The breadth on the Nasdaq is impressive today. This morning, we said there was a chance we would see more new highs than lows on the NASDAQ.  Bingo.  Additionally, up volume is almost 2-1 the down on the Nasdaq as well. 

Market Breadth









52 Week High



52 Week Low



Up Volume



Down Volume



More Fed speak today, with the latest from Loretta Mester, who continues to say, “we are not in a recession,” but the risk is rising.  She indicated that rates could be around 4% by the end of year, but there is a chance that the Fed may change their outlook at the September meeting. Mester added that the Fed may potentially pause in the second half of 2023. She does believe rates will be around 4% by the end of the year. 

All eyes are on tomorrow’s job report, adding more data points for all the talking heads, including the Fed.  Stay tuned.


Long Idea: Chevron Corporation (CVX) @ $153.05
Industry: Energy; Oil & Gas
Click here to view the trading alerts that followed this recommendation

Trading Parameters
Status Closed
Entry Price$153.05
Entry Limitsee comments
Stop LossN/A

Options Trade Parameters
Status Closed
Type Call
Option Symbol CVX230120C00150000
Entry Price $14.80
Strike Price $150.00
Expiration Date 1/20/2023
  Add to Position Tracker

BACKGROUND: Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.

SKINNY: Estimates continue to surge after the company posted record-breaking quarterly profit with operational level on show. We are liking this stock at this level, currently trading at 15% discount to its 52-week high. Our target $184.

Key Fundamentals
PEG  2.32
Book Value  74.42
Institutional Holdings  71.82
Price/Sales  1.96
Average Daily Volume  10.55M
Shares Outstanding  1.96B
Market Value  303.4B
Insider Activity  44 Buys 33 Sales
52-week High  182.4
52-week Low  92.86
Annual Earnings Estimate  16.23

Analyst Coverage
 Societe Generale – Upgraded  BUY
 HSBC Securities– Upgraded  BUY
 RBC Capital Markets – Downgraded  SECTOR PERFORM

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