Aklan Investment Research

Value-oriented securities analysis and stock market commentary | Avoiding herd mentality and searching for value in out-of-favor stocks | Not investment advice

[Aklan Investment Research @AklanResearch]

@JuneGoh_Sparta May have marginal impact, if observable at all. It’s been projected World Cup will impact US GDP by 0.1% due to uptick in travel, hospitality, and retail spending.

[Squawk on the Street @SquawkStreet]

"In that outlet space, that's where the customer is right now."

Tanger CEO Stephen Yalof explains why brands like $NKE and $LULU are performing "increasingly well against the external narrative":
https://t.co/n468AZtpf6

[Squawk on the Street @SquawkStreet]

"I see people selling stocks in order to make room to buy the new, hot, sexy IPOs – that's dangerous."

@ArielInvests Vice Chairman Charlie Bobrinskoy explains why he's feeling "extremely nervous" right now:
https://t.co/qkkmGQBRbi

[Aklan Investment Research @AklanResearch]

Latest EIA monthly data ending Mar ‘26 shows the top 3 countries receiving the largest month-over-month increase in U.S. crude oil exports are Korea, Japan, Thailand. #OOTT

[Aklan Investment Research @AklanResearch]

DOE weekly data ending May 29 shows U.S. crude oil refinery utilization to be 94.7% (+20 bps w/w, +130 bps y/y). Refiners have been running relatively hard in ‘26 as the utilization rate has been above the 5-yr avg every week this year so far. #OOTT

[Javier Blas @JavierBlas]

Despite the fertilizer scare and they hype of an imminent food crisis / famine, the price of wheat, corn and soybean is today LOWER than it was on Feb. 27.

But there are two farming stories worth paying attention (and bullish): screwworm detected in Texas and a strong El Niño.

[Lisa Abramowicz @lisaabramowicz1]

The tech sector said last month it planned to eliminate 38,242 positions, the most since August 2024: report. “The labor market is being reshaped by technology in real time...AI is now the leading reason companies give for cutting jobs.” https://t.co/lJhi1lchSS

[Morgan Brennan @MorganLBrennan]

Where’s the beef

Talking fertilizer, cotton and cows with @BrookeLRollins @USDA at #RNEF

@ReaganInstitute @CNBCOvertime @CNBC

https://t.co/xHvewljZUJ

[Aklan Investment Research @AklanResearch]

Technology ( $XLK ) is now the best-performing sector at +32.7% YTD. Previously, Energy ( $XLE ) had been leading the group for most of the year.

[Aklan Investment Research @AklanResearch]

Approximately one hour left in the trading day and Portillo’s ( $PTLO ) is on pace to have its worst-performing month (-30.3% in May) since going public.

[Aklan Investment Research @AklanResearch]

Per Baker Hughes weekly data ending May 29, the U.S. oil & gas rig count increased +4 to 562. Eddy County (NM) in the Permian Basin led the way at +12 rigs. #OOTT #rigcount

[Lisa Abramowicz @lisaabramowicz1]

US distillate fuel inventories have dropped to the lowest level since 2003.

[Lisa Abramowicz @lisaabramowicz1]

Chevron's Mike Wirth said we're weeks away from oil shortages. He sees US gasoline prices potentially rising considerably in the next two months. Listening to market strategists and then talking to commodity producers is an exercise in cognitive dissonance. @ferrotv @annmarie

[Javier Blas @JavierBlas]

CHART OF THE DAY: On Apr 16, the IEA made a headline-grabbing warning: Europe had "maybe 6 weeks or so of jet fuel left." It's week seven; the planes are still flying. Since those headlines, European wholesale jet fuel prices have fallen ~30% to a ~3-month low.

[Aklan Investment Research @AklanResearch]

We’re in the midst of summer driving season and U.S. Total Gasoline inventories are currently 211.59 million barrels, 562 bps below the seasonal 5-year average. #OOTT

[Stephanie Link @Stephanie_Link]

$GE: positive tailwinds - at conference says the average age of the fleet today is about 15 years, about 30% of these engines have yet to see their first shop visit.

[Aklan Investment Research @AklanResearch]

We are currently 89 calendar days (61 trading days) into the Iran War and Brent crude is trading at ~$94/bbl.

This represents an ~$18/bbl (~16%) discount to Brent’s level at a similar point in the Russia-Ukraine War. #OOTT

[Gunjan Banerji @GunjanJS]

Goldman: "We expect the S&P 500 will rise by 6% to our revised year-end target of 8000. Our previous target was 7600"

S&P 500 closed at 7519.12 today

[Gunjan Banerji @GunjanJS]

Stock valuations have **fallen** this year

"Year to date, the S&P 500 has risen by 10%, forward EPS estimates have risen by 15%, and the P/E multiple has declined by 4%"--GS

[Aklan Investment Research @AklanResearch]

As of May 22, the S&P 500 has made 18 new all-time highs in 2026. At the same point last year, there were 3 new ATHs. $SPY