5 Stocks to Watch This Week

June 13, 2022
Markets declined last week, and with inflation not showing any signs of slowing, we could be in for a bumpy ride this coming week. However, there are some stocks that look appealing, despite the current macro headwinds. 

Here are some key stats and data points on stocks LikeFolio is watching this week:

The Walt Disney Company (DIS)
  • Disney, like many other companies this year, has seen its stock tumble by over 35% in 2022. 
  • The company has been under pressure recently, with Disney+ cancellation chatter surging, after taking a public stance opposing Florida Governor Ron DeSantis’ “Parental Rights in Education” bill.
  • But despite being up +11% QoQ and +93% YoY, cancellation mentions have fallen sharply. 
  • Disney+ Purchase Intent is trending +19% YoY, while Overall Mentions are at +32% YoY. 
  • Even so, another talking point has emerged with Disney last week, ousting Peter Rice, head of its TV division.
Expedia (EXPE)
  • Expedia, despite the high travel demand, fell more than 12% last week. 
  • The airline industry, both in Europe and the US, is still suffering from a lack of staff following the pandemic.
  • But, even though travel demand is extremely healthy, Expedia is lagging, with Purchase Intent Mentions trending at -5% QoQ and -8% YoY in the current quarter.
  • Overall Mentions are at -7% YoY, but with rival BKNG ‘s Purchase Intent Mentions pacing +85% YoY, Expedia doesn’t seem to be capitalizing on the vacation surge heading into the summer. 
Harley Davidson (HOG)
  • Harley Davidson has had a rough few weeks after it shut production towards the back end of May due to supply chain issues. 
  • With the company resuming production last week and positive consumer metrics, could we see the stock turnaround after Friday’s tumble of more than 6%?
  • Harley Davidson Purchase Intent is trending at +30% QoQ and +15% YoY, while Overall Mentions are at +16% QoQ and +12% YoY
Walmart (WMT)
  • With Target cutting guidance last week, Walmart is definitely a stock to watch.
  • Morgan Stanley said after Walmart’s shareholder meeting that the company’s “no new bad news” should be a positive sign...
  • Purchase Intent Mentions are trending at +20% YoY (30-day MA), while Overall Mentions are at +22% YoY (30-day MA). 
  • With inflation spiking to its highest level in 40 years and food price concerns continuing to surge (+37% QoQ), could we see a Walmart benefit? We will certainly be watching Walmart data this week.
Home Depot (HD)
  • When Home Depot reported earnings last month, it said fiscal 2022 “is off to a strong start,” while it also raised its full-year outlook. 
  • After a dip in intent mentions following the pandemic spike, Home Depot demand is creeping higher once again, trending +16% QoQ, although it is at -8% on a yearly basis.
  • Shares are down 30% in 2022, but with consumer mentions of backyard renovations (+19% YoY) and hiring a contractor (+28% YoY) rising, Home Depot shares look attractive.

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