July 31, 2017 @ 6:26 pm | AMZN, Breaking News, FB, Jubak Top 50 Portfolio, Volatility, You May Have Missed |
Let’s try to put together a few events from last week into a coherent (or, if that’s too much to hope, at least a semi-coherent) explanation for where the equity market stands now. What events, you ask? How about Friday’s report on second quarter GDP...
July 28, 2017 @ 7:32 pm | Breaking News |
The first reading on second quarter U.S. GDP growth from the Bureau of Economic Analysis puts growth at 2.6% year over year. That’s below the consensus of 2.8% growth among economists surveyed by Briefing.com. But an important advance from the growth rate in the...
July 27, 2017 @ 7:37 pm | Breaking News |
Headline durable goods order climbed 6.5% in June. That’s well above the 2.9% increase expected by economists surveyed by Briefing.com, and quite a turnaround from the revised 0.1% drop recorded in May. Â The headline numbers weren’t nearly as good as they...
July 27, 2017 @ 7:30 pm | Breaking News, Volatility |
The July 26 report from the U.S. Energy Information Administration followed up on the surprisingly good news yesterday on U.S. crude inventories from the American Petroleum Institute. The numbers from the American Petroleum Institute showed a much bigger than expected...
July 25, 2017 @ 7:26 pm | Breaking News |
U.S. benchmark West Texas Intermediate closed up 4.21% to $48.25 a barrel today, July 25. International benchmark Brent climbed 3.93% to $50.51 a barrel. Big moves. Exactly what you’d expect on a day when both OPEC and U.S. shale producers produced big news. On...
July 25, 2017 @ 7:19 pm | BG, Breaking News, Jubak Top 50 Portfolio, Update |
“Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully,” James Boswell quotes Samuel Johnson as saying upon the occasion of the hanging of William Dodd in 1777 for a loan scam. CEOs don’t...
July 24, 2017 @ 11:32 pm | Breaking News, GOOG, Jubak Top 50 Portfolio, Update, You May Have Missed |
Alphabet (GOOG) dropped 3.1% in after hours trading in spite of reporting earnings of $5.01 a share, well ahead of the $4.49 expected by Wall Street. Revenue of $26.01 billion, up 21% from the second quarter of 2016, also beat the Wall Street consensus of $25.6...
July 21, 2017 @ 6:08 pm | Breaking News |
In my Saturday Night Quarterback post last weekend on my subscription site JubakAm.com, I said that I was looking for Microsoft’s (MSFT) earnings, reported after the close yesterday, July 20, for clues on how the U.S. stock market would react to earnings reports...
July 21, 2017 @ 6:03 pm | Breaking News, Jubak Picks Portfolio, MGM |
Effective July 26, MGM Resorts International (MGM) will join the Standard & Poor’s 500 stock index to replace Reynolds American (RAI), which is being acquired by British American Tobacco. (That means that all funds that track the S&P 500 index will...
July 20, 2017 @ 7:36 pm | Breaking News, Dividend Income Portfolio, QCOM, Sell |
The earnings Qualcomm (QCOM) reported yesterday, July 19, were okay. Earnings of 83 cents a share for the June quarter, in fact, beat the Wall Street consensus by two cents a share. Revenue of $5.37 billion was ahead of analyst projections of $5.25 billion, but still...
July 20, 2017 @ 7:29 pm | Breaking News, Dividend Income Portfolio, KMI, Update |
Yesterday, July 19, Kinder Morgan (KMI) reported earnings per share of 15 cents, in line with Wall Street expectations. Revenues of $3.37 billion were ahead of the consensus estimate of $3.12 billion and represented year over year growth of 7.1%. Â That was item one...
July 19, 2017 @ 10:26 pm | Breaking News |
According to Bank of America Merrill Lynch’s most recent survey, money managers are 20% underweight U.S. equities. (The survey was conducted from July 7 to July 13.) Managers haven’t been this underweight since January 2008. At that point the Standard &...
July 19, 2017 @ 10:18 pm | Breaking News |
You can never be absolutely certain a bill has gone down to final defeat in this Republican-controlled Congress, but it certainly looks, as of late Tuesday night, that the Republican effort to repeal and  replace  Obamacare  has died in the Senate–and that a...
July 18, 2017 @ 7:38 pm | Breaking News |
More big bank earnings today–and, fortunately, they were a mixed bag. Which made them markedly better than Friday’s results. Bank of America’s (BAC)’s second-quarter earnings per share rose 12% to 46 cents, beating by 3 cents a share. Revenue...
July 17, 2017 @ 10:59 pm | Breaking News, Buy, Jubak Top 50 Portfolio, NJDCY, Recent Buys |
Back on July 11 I wrote a Sector Monday post on the robotics sector on my subscription site JubakAM.com. I’ve already added Fanuc (FANUY) to my long-term 50 Stocks portfolio. And tomorrow with this post I will be adding Nidec (NJDCY) to that same long-term...
July 17, 2017 @ 7:58 pm | Breaking News, You May Have Missed |
Talk about hitting your marks! Second quarter GDP grew in China at a 6.9% year over year rate, Beijing reported over the weekend. The consensus projection called for 6.8% growth. In the first quarter China’s GDP grew at 6.9% year over year. In June Fixed Asset...
July 13, 2017 @ 7:39 pm | Breaking News, Buy, FANUY, Jubak Top 50 Portfolio |
I’m adding the ADRs for Japan’s Facuc (FANUY:US) to my long-term 50 Stocks portfolio today, July 13. If you’re looking for a stock to take advantage of the long-term growth in the more conventional end of the robotics sector, I think Fanuc is your...
July 13, 2017 @ 7:30 pm | Breaking News, Jubak Picks Portfolio, LNG, Update |
One worry hanging over shares of Cheniere Energy (LNG), the first company to get an unrestricted license to export liquified natural gas (LNG) to any country in the world, was what would happen if some of the customers that signed a long-term contract to buy LNG from...
July 13, 2017 @ 7:21 pm | Breaking News |
A day after Federal Reserve chair Janet Yellen boosted markets with her worries about slow inflation, the Bureau of Labor Statistics released numbers on inflation at the producer level–otherwise known as wholesale inflation–that showed inflation is weak...
July 12, 2017 @ 6:52 pm | Breaking News |
It’s not much to hang a rally on, but the Treasury and stock markets moved up after Fed chair Janet Yellen told the House Financial Services Committee today that “the federal funds rate may not have to rise all that much further to get to a neutral policy...
July 11, 2017 @ 6:31 pm | Breaking News, Volatility, You May Have Missed |
Today it’s JPMorgan Chase (JPM) CEO Jamie Dimon telling a conference in Paris that the unwinding of central bank bond-buying programs is an unprecedented challenge that may be more disruptive than people think. Tomorrow (and Thursday) it’s Federal Reserve...
July 11, 2017 @ 6:21 pm | Breaking News |
For all intents and purposes second quarter earnings season kicks off on Friday. Yes, PepsiCo (PEP) does report on Tuesday and Delta Air Lines speaks on Thursday, but the real bellwether earnings reports come from the big banks on Friday with earnings from Citigroup...
July 7, 2017 @ 6:31 pm | Breaking News |
The U.S. economy added 222,000 jobs in June. That was a big increase from the 152,000 jobs added in May, which was itself an upward revision from the initially reported 138,000. (And remember how disappointing that was.) Economists surveyed by Briefing.com had...
July 6, 2017 @ 7:17 pm | Breaking News |
Sometimes a market will move in response to a new fact reaching traders and investors. Sometimes, though, a financial market will change direction because traders and investors choose to emphasize a different set of facts today than yesterday. And that’s where...
July 5, 2017 @ 6:43 pm | Breaking News |
On July 3 the Atlanta Federal Reserve’s GDP forecast for second quarter GDP growth climbed to 3% year over year. That’s up from a forecast on June 30 Â for 2.7% growth for the quarter that ended on June 30. If the forecast proves accurate that would be good...
July 4, 2017 @ 4:05 pm | Breaking News |
And don’t eat too many hotdogs. Back tomorrow. Jim
July 4, 2017 @ 3:59 pm | Breaking News |
The Institute for Supply Management’s manufacturing index for June released Monday morning climbed to 57.8 from 54.9 in May. That was the highest level of the index, where anything above 50 signals expansion, since 2014. Economists surveyed by Briefing.com had...