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TRAVEL.STOCKS -1.80%
Travel Stocks – Under pressure as a group for the third straight day as uncertainty surrounding the Russia/Ukraine conflict intensifies. All major cruise operators have announced some sort of change to itineraries to avoid Russian ports, this group was the hardest hit on Thursday. Multiple negative analyst moves on airlines over the past few sessions as well. RCL, CCL, NCLH, AAL, UAL, DAL, LUV, SAVE

OIL.STOCKS 0.23%
Oil Stocks – Back on watch as crude oil looks to bounce from a late session sell off yesterday, crude back at $110/barrel in early trading after rallying to another 9 year high yesterday. Multiple PT increases on individual names this morning including OXY and CVX that rallied to a fresh all-time highs the past two sessions. OXY, CVX, XOM, MRO, DVN

GPS.NY 6.95%
Gap Inc – Higher after the Banana Republic parent said it expects 2022 adjusted EPS between $1.85 and $2.05 per share vs analysts’ average estimates of $1.86, as per Refinitiv IBES data. The company said it is betting on strong demand for its clothing brands as Americans return to offices and social events thanks to declining Omicron cases. GPS on Thurs after market posted smaller-than-expected loss for Q4 and net sales for the quarter beat. However, the apparel retailer forecast Q1 sales below estimates citing it expects moderate product delays during the qtr.

TSLA.NQ -1.12%
Tesla Inc – Panasonic is looking to purchase land in the United States for a mega-factory to make a new type of electric vehicle (EV) battery for, public broadcaster NHK reported. Panasonic is looking at building the factory, to cost several billion dollars, in either Oklahoma or Kansas close to Texas, where Tesla is preparing a new EV plant. Separately, Elon Musk has challenged the United Auto Workers to try and organize his company’s assembly plant in Fremont, California. His comments followed President Biden’s praise of Ford and GM in his State of the Union address. Musk has been a vocal critic of the UAW for years.

OCGN.NQ -27.66%
Ocugen Inc – Down sharply in early trading after U.S. regulators have declined to issue an emergency use authorization (EUA) for Covexin, the COVID-19 vaccine developed by its Indian partner Bharat Biotech, for use in individuals aged 2 to 18 years.

CHINESEEV.STOCKS -3.89%
Chinese EV Makers – Both XPEV and NIO under further pressure in early trading after sharp declines on Thursday, both recently posted lower than expected monthly delivery numbers pointing to further supply chain disruptions to come. NIO, XPEV

CHIP.STOCKS -1.20%
Chip Makers – Showed relative weakness throughout the session Thursday, INTC shares leading this morning after BofA cuts PT to $47 from $52, maintains “Underperform” rating, Morgan Stanley cuts PT to $47 from $55, downgrades to “Overweight”. AMD, NVDA, INTC, AMAT, TSM

INDO.NQ 19.60%
Indonesia Energy – Micro cap oil related firm along with IMPP back on the move in early trading again this morning following the price for crude oil. 1.5m share float, IMPP 13.5m share float. INDO, IMPP

WEAT.AM 8.19%
Teucrium Wheat Fund – An ETF that follows the price action of 3 seperate weat futures contracts, very active this week as prices fluctuate based on Russian output concerns.

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