$3.80 if Oil stays at $120+ for Q2When Oil was at $120+ the highest, ATH only hit $3.44 June 8th in a stock market heading towards the sky and ATH runs off the price of Oil so hitting $3.80 while Oil is continuing to decline in a Bear market that's also declining I'm not sure about that? Plus don't forget the TSX is down 3200 points from Apr and the DOW is down 5053 as we're heading towards a global recession, I question $3.80 but the numbers are really fancy and it's a great campfire story but markets run on numbers and $3.80 doesn't add up. Plus after Q2 release ATH won't have any news releases for months to pump up the SP. Sorry, I'm realistic and have never watched Starwars. Growing up in Detroit you had better have your head straight and that reminds me to say that last week was always over 90'sF with humidity feeling 102F and the next 2 weeks are going to be in the upper 80's. Do you want to know what hot is? try growing up with 8 kids in a 2 bedroom wartime home with no basement and the attic was our room starting at the age 6 we would sleep outside in the summer on really hot days, with no window fans they would only blow in heat, no AC, and a black & white TV till 1969 I remember Kennedy being shot on TV.
Anyways this week will be interesting, to say the least, and with the FED's indicating that they're not going to do a 1% rate hike the market could respond positively to .75% (Good news is bad and bad news is good) but I'm going to lean towards Oil staying in the $90's and if it breaks new ground under $90 then for sure Oil will be at $75 year-end. I would like to see Oil heading high just for this week so that ATH could really shine when Q2 hits the markets, ATH has been beaten up enough like all the Energy stocks and that's another thing, right now there are a lot of solid companies with discounted SP because of Oil and Gold selling off which will also be releasing great Q2 results.
Friday's past US PMI numbers were below 50 and that shows a contraction this could come into play this week, the worse scenario would be having the FED's coming out with a 1% rate hike that would shock the market and everyone would head towards the exit and with Inflation so high the FED's main objective is to drive it lower at any expense. Investors might buy on the 27th after the FED's announcement and pray that Oil is up on the 28th because if Oil happens to trade lower after the FED's Wednesday confirmation of the rate hike and their 2:30pm press conference that could set the stage for ATH not getting the best bang for their buck from Q2, we'll know just what kind of foundation the Market will be based on before the 28th.
I just thought to look at insiders trading of ATH and still no buying, although insiders selling can be looked at as a bad indicator you have to remember that a lot of times management uses the selling of shares as a bonus and their timing to sell at $3.10 was perfect, plus they are Oil experts and probably felt that having Oil going up so quickly that it had the makings of a future pullback. JMHO (always DD)
Market calendar https://tradingeconomics.com/calendar
US Inflation should be at 2% 
Past Friday PMI numbers show a solid contraction in the private sector 