Popular US Stocks traded on POEMS in May 2022 June 16, 2022

Popular US Stocks traded on POEMS in May 2022

Here are some of the more popular US stocks – not ranked in any order – traded by POEMS customers in the month of May.

Start trading on POEMS! Open a free account here!

At a glance:

  • The Fed hiked rates by 0.5%
  • More interest rate hikes are expected in the coming meetings
  • US GDP shrank by 1.5% in Q122

The three US major indices – Dow Jones, S&P 500 and Nasdaq Composite produced differing results. The tech heavy NASDAQ suffered a loss, showing underperformance in the tech sector.

Month Open 12,331.69 33,012.77 4,130.61
Month Close 12,081.39 33,096.94 4,132.16
Monthly return -2.03% 0.25% 0.04%

In May, the US Federal Reserve raised interest rate by 0.5% in order to combat the 40-year high inflation1.

There were two factors that triggered the selloff in April, one of which was the latest rate hike increases in the federal funds rate, moving it into the range of 0.75% – 1%.

According to the minutes of the Federal Reserve’s meeting in May, officials hinted that interest rates may need to be raised more than what the markets currently anticipate to curb inflation2. Other than that, more 50-point hike in rates may take place in the upcoming meetings. With regards to the balance sheet, the plan is to reduce it to USD95 billion by August 2022 to include USD60 billion worth of Treasuries and USD35 billion for mortgages.

The US real gross domestic product (GDP) shrank by an annual rate of 1.5% for the first quarter of 2022, which is mainly attributed to a widening trade deficit and lower government stimulus3. Other components of the GDP such as personal consumption and investments increased.

Microsoft Corp (NASDAQ:MSFT)

MSFT fell by 2.1% in May. It opened at US$ 277.71 and closed at US$ 271.87. This quarter, MSFT posted results that were stronger than expected. Earnings per share (EPS) was reported at US$2.22 beating estimates of USD 2.19. Revenue was reported at USD 49.36 billion, beating estimates of USD 49.05 billion. Moving down the line, MSFT is planning to acquire Activision Blizzard for almost USD 69 billion which will be the company’s largest purchase to date. Amy Hood, Microsoft’s finance chief, spoke of a fiscal fourth-quarter revenue of $52.4 billion to $53.2 billion on a conference call with analysts.4

Phillip Securities Research gave MSFT a BUY rating with a target price of USD 410.00.

Technical analysis

Popular US Stocks traded on POEMS in May 2022

Status: Short term bullish
Support: USD 257.76
Resistance: USD 274.28
As long as prices hold above the 274.30 mark, we should see a continuation of a short term bullishness towards the 290.70 mark.

Meta Platforms Inc (NASDAQ: FB)

FaceBook’s (FB) earnings per share beat estimates for this quarter, however revenue came in below expectations. FB opened in May at USD 201.17 and dropped 3.74% to close at USD 193.64. Earnings Per Share (EPS) of USD 2.72 beat estimates of USD 2.56 and revenue of USD 27.91 billion fell below estimates of USD 28.2 billion. Facebook lowered its total expenses guidance for 2022 to between USD 87 billion and USD 92 billion, below its earlier estimate of USD 90 billion to USD 95 billion. The increase in the current quarter expense is driven by its family of App segments, followed by Reality Labs5,6.

Phillip Securities Research gave FB a BUY rating with a target price of USD 312.00.

Technical analysis

Popular US Stocks traded on POEMS in May 2022

Status: Short term bullish
Support: USD 185.40
Resistance: USD 202.90
Range-bound until price breaks 203

Apple Inc (NASDAQ: AAPL)

AAPL’s earnings beat estimates for this quarter but stock price fell as management warned of a possible USD 8 billion hit from supply constraints. AAPL opened in May at USD 156.71 and dropped 5.02% to close at USD 148.84. EPS of USD 1.52 beat estimates of USD 1.43 with revenue reported at USD 97.28 billion, beating estimates of USD 93.89 billion. The company did not provide a forecast for the current quarter and has yet to provide official revenue guidance since February 2020, citing uncertainty tied to the pandemic7.

Phillip Securities Research gave AAPL a BUY rating with a target price of USD 214.00.

Technical analysis

Popular US Stocks traded on POEMS in May 2022

Status: Short term bullish
Support: USD 135.80
Resistance: USD 156.60
Price has to form a new support at the 149 level, and as long as it can hold, bullish momentum should continue towards the 156 levels.

Advanced Micro Devices (NASDAQ: AMD)

AMD delivered earnings results that beat estimates this quarter. AMD earnings EPS was reported at USD 1.13 against the estimate of USD 0.91. Reported revenue was higher than the estimate (USD 5.89 billion against the expected USD 5.52 billion). AMD said it expected USD 6.5 billion in sales in the current quarter, ahead of analyst expectations of USD 6.38 billion. The company’s results show that chipmakers are still growing fiercely, and every one of its individual lines of businesses grew by double digits during the quarter8. AMD opened in May at USD 85.66 and gained 18.91% to close at USD 101.86.

Technical analysis

Popular US Stocks traded on POEMS in May 2022

Status: Short term bullish
Support: US$90.20
Resistance: USD 103.80
Price will attempt to break the 103.80 point after forming a new higher low. As long as the price can hold above the 104 mark, we should see continuation of bullish movements towards the 112 mark.


BP has had mixed earnings for this quarter. BP’s EPS of USD 1.92 was higher than the estimates of USD1.41, however the revenue of USD 51.220 billion missed estimates of USD 53.134 billion. The strong quarterly earnings were driven by higher realisations of commodity prices9. The company expects capital expenditure of USD 14-15 billion and to receive total proceeds of USD 2-3 billion during 2022. The company also expects net debt to fall to USD 27.5 billion at the end of the quarter10. BP opened in May at USD 28.55 and gained 13.38% to close at USD 32.37.

Technical analysis

Popular US Stocks traded on POEMS in May 2022

Status: Neutral
Support: USD 32.00
Resistance: USD 33.57

Home Depot Inc (NYSE: HD)

HD’s reported quarter earnings beat estimates in May. EPS of USD 4.09 and revenue of USD 38.91 billion both beat estimates of USD 3.68 and USD 36.72 billion respectively. For the fiscal year, the retailer raised its full-year outlook after reporting solid quarterly earnings, fuelled by the company’s strongest first-quarter sales on record from “slightly positive” sales growth and an earnings per share increase in the low single digits, to 3% increase in sales and earnings per share growth in the mid-single digits11. HD opened in May at USD 301.99 and gained 0.25% to close at USD 302.75.

Technical analysis

Popular US Stocks traded on POEMS in May 2022

Status: Neutral
Support: USD 283.86
Resistance: USD 308.46

Shopify Inc (NYSE: SHOP)

SHOP delivered earnings results that fell short of expectations this quarter. SHOP earnings per share (EPS) was reported at USD 0.20 lower than the estimate of US$0.63. Reported revenue was USD 1.2 billion against the expected USD 1.24 billion. The company forecasted that revenue growth would be lower in the first half of the year. E-commerce activity has cooled as the economy reopens and consumers return to stores. SHOP opened in May at USD 421.15 and lost 10.93% to close at USD 375.1212.

Technical analysis

Popular US Stocks traded on POEMS in May 2022

Status: Neutral
Support: USD 312.96
Resistance: USD 477.25

Walt Disney Co (NYSE: DIS)

DIS reported stronger-than-expected growth in streaming subscribers across all of its media platforms for this quarter. Total subscriptions rose to 137.7 million compared to estimates of 135 million. However, reported, earnings per share (EPS) and revenues of USD 1.08 and USD 19.25 billion, missing estimates of USD 1.17 and USD 20.1 billion13 respectively. The company is confident in their long-term Disney+ subscriber guidance of 230 million to 260 million and expects profitability in fiscal 202414. DIS opened in May at USD 111.71 and dropped by 1.14% to close at USD 110.44.

Technical analysis

Popular US Stocks traded on POEMS in May 2022

Status: Short term bullish
Support: USD 98.70
Resistance: USD 109.45
Price will have to hold above the 110 point for bullish momentum to continue towards 115.36 mark.

United States Oil Fund (NYSE-ARCA: USO)

USO is an exchange-traded fund that attempts to track the price of West Texas Intermediate Light Sweet Crude Oil. Its performance is determined by the price of oil futures contracts that they invest in and is traded on regulated futures exchanges15. The prospect of the oil industry is mixed. European Union leaders have agreed to the banning of 90% of Russian oil by the end of 202216. In Asia, India and China are taking advantage of the cheap oil prices to stock up17. Between 74 million and 79 million barrels from OPEC+ producer were in transit and floating storage over the past week as compared of the 27 million barrels just before the February invasion of Ukraine. USO opened in May at USD 75.38 and gained 13.39% to close at USD 85.47.

Technical analysis

Popular US Stocks traded on POEMS in May 2022

Status: Neutral
Support: USD 79.91
Resistance: USD 90.61

ProShares UltraShort 20+ Year Treasury (NYSE-ACRA: TBT)

TBT aims to achieve results of double the inverse of the ICE U.S. Treasury 20+ Year Bond Index18. TBT commenced on 29 April 2008 with an expense ratio of 0.9%. As of 31 May 2022, TBT’s last 3 months return of 36.86% has beaten the 3 major indices. The outperformance by TBT is due to raising yield in the Treasuries along with the leverage factor amplifying the returns and losses. This ETF is commonly used to seek returns when yields keep rising and/ or for hedging purposes. TBT opened in May at USD 25.41 and gained 0.94% to close at USD 25.65.

Leveraged and Inversed (L&I) ETFs are designed for short-term trading needs and are not intended for buy-and-hold purposes. They are very volatile and are appropriate for sophisticated tactical traders who have market views that they want to express. It is of utmost importance that investors monitor and manage their trades daily if they intend to use L&I ETFs as part of their trading strategy.

Technical analysis

Popular US Stocks traded on POEMS in May 2022

Status: Neutral
Support: USD 23.87
Resistance: USD 26.74
Range bound.

Bloomberg analysts’ recommendations

The table below shows the consensus ratings and average ratings of all analysts updated on Bloomberg in the last 12 months. Consensus ratings have been computed by standardising analysts’ ratings from a scale of 1 (Strong Sell) to 5 (Strong Buy). The table also shows a number of analysts’ recommendations to buy, hold or sell the stocks, as well as their average target prices.

Security Consensus Rating BUY HOLD SELL 12 Mth Target Price (US$)
Microsoft Corp (NASDAQ:MSFT) 4.85 48 (92.3%) 4 (7.7%) 0 359.75
Meta Platforms Inc (NASDAQ: FB) 4.31 43 (70.5%) 16 (26.2%) 2 (3.3%) 284.10
Apple Inc (NASDAQ: AAPL) 4.46 36 (75%) 11 (22.9%) 1 (2.1%) 185.69
Advanced Micro Devices (NASDAQ: AMD) 4.16 28 (62.2%) 16 (35.6%) 1 (2.2%) 131.50
BP PLC (NYSE:BP) 4.13 10 (62.5%) 5 (31.3%) 1 (6.3%) 37.82
Home Depot Inc (NYSE: HD) 4.32 24 (70.6%) 9 (26.5%) 1 (2.9%) 355.28
Shopify Inc (NYSE: SHOP) 3.93 25 (54.3%) 18 (39.1%) 3 (6.5%) 535.65
Walt Disney Co (NYSE: DIS) 4.61 29 (80.6%) 7 (19.4%) 0 156.45

To round up

Despite the uncertain macro environment, most of the management team of the companies featured in this article are optimistic of the near future. However, the Federal Reserve committee does not share the same sentiment and is greatly concerned with inflation as can be seen from the latest meeting. The market is expecting a further hike in June’s meeting.

Popular US Stocks traded on POEMS in May 2022

Trade Smarter and Faster
With our newly launched POEMS Mobile 3 Trading App

Explore a myriad of useful features including TradingView chartings to conduct technical analysis with over 100 technical indicators available!

Take this opportunity to expand your trading portfolio with our wide range of products including Stocks, CFDs, ETFs, Unit Trusts and more across 15 global exchanges available for you anytime and anywhere to elevate you as a better trader using our POEMS Mobile 3 App!

Popular US Stocks traded on POEMS in May 2022

Popular US Stocks traded on POEMS in May 2022
Popular US Stocks traded on POEMS in May 2022



These commentaries are intended for general circulation. It does not have regard to the specific investment objectives, financial situation and particular needs of any person who may receive this document. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person acting based on this information. Opinions expressed in these commentaries are subject to change without notice. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in these commentaries are not necessarily indicative of future or likely performance. Phillip Securities Pte Ltd (PSPL), its directors, connected persons or employees may from time to time have an interest in the financial instruments mentioned in these commentaries. Investors may wish to seek advice from a financial adviser before investing. In the event that investors choose not to seek advice from a financial adviser, they should consider whether the investment is suitable for them.

The information contained in these commentaries has been obtained from public sources which PSPL has no reason to believe are unreliable and any analysis, forecasts, projections, expectations and opinions (collectively the “Research”) contained in these commentaries are based on such information and are expressions of belief only. PSPL has not verified this information and no representation or warranty, express or implied, is made that such information or Research is accurate, complete or verified or should be relied upon as such. Any such information or Research contained in these commentaries are subject to change, and PSPL shall not have any responsibility to maintain the information or Research made available or to supply any corrections, updates or releases in connection therewith. In no event will PSPL be liable for any special, indirect, incidental or consequential damages which may be incurred from the use of the information or Research made available, even if it has been advised of the possibility of such damages. The companies and their employees mentioned in these commentaries cannot be held liable for any errors, inaccuracies and/or omissions howsoever caused. Any opinion or advice herein is made on a general basis and is subject to change without notice. The information provided in these commentaries may contain optimistic statements regarding future events or future financial performance of countries, markets or companies. You must make your own financial assessment of the relevance, accuracy and adequacy of the information provided in these commentaries.

Views and any strategies described in these commentaries may not be suitable for all investors. Opinions expressed herein may differ from the opinions expressed by other units of PSPL or its connected persons and associates. Any reference to or discussion of investment products or commodities in these commentaries is purely for illustrative purposes only and must not be construed as a recommendation, an offer or solicitation for the subscription, purchase or sale of the investment products or commodities mentioned.

Contact us to Open an Account

Need Assistance? Share your Details and we’ll get back to you


This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  


Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com