February 8, 2023 @ 10:07 pm | Breaking News, EQNR, Jubak Picks Portfolio |
Today, Wednesday, February 8, Equinor (EQNR) reported a record $74.9 billion adjusted operating profit for 2022. That more than doubled the previous record. Fourth quarter adjusted earnings edged higher to $15.06 billion from $14.99 billion but easily topped the...
February 7, 2023 @ 7:04 pm | Breaking News |
On the one hand, stock markets heard Federal Reserve Chair Jerome Powell reiterate his comments of last week that “disinflation” had become visible. (Disinflation is a slowing in the inflation rate.) At the close today the Standard & Poor’s 500...
February 7, 2023 @ 7:00 pm | Breaking News |
This isn’t exactly unexpected. Microsoft (MSFT) today unveiled new versions of its Bing search engine and Edge browser powered by the newest artificial intelligence technology from ChatGPT maker OpenAI. Microsoft recently invested $10 billion in OpenAI. “This...
February 6, 2023 @ 7:31 pm | Breaking News, EEM, EUM |
Today I posted my two-hundred-and-thirty-third YouTube video: Trend of the Week China Accelerates This week’s Trend of the Week: China Accelerates. There is a horrific death toll in China as the country’s COVID policy changed dramatically, allowing COVID...
February 6, 2023 @ 7:25 pm | Breaking News |
Do the huge January job gains mean that the Federal Reserve will raise interest rates to a higher peak? That was the worry today and it was enough to send the Standard & Poor’s 500 0.61% lower at the close and to knock a solid 1% off the NASDAQ Composite....
February 2, 2023 @ 10:10 pm | Breaking News, Dividend Income Portfolio, INTC |
Today I posted my two-hundred-and-thirty-second YouTube video: Quick Pick Intel Today’s Quick Pick: Intel (NASDAQ: INTC). Intel’s revenue and earnings report last week was terrible. It was a classic kitchen sink quarter, where the company laid out all the...
February 1, 2023 @ 10:44 pm | Breaking News |
The Federal Reserve raised short-term interest rates Wednesday by 25 basis points, as expected. That brings the Fed’s benchmark interest rate to a range of 4.50% to 4.75%, the highest level since October 2007. After a pullback on the news and the Fed’s...
February 1, 2023 @ 10:40 pm | Breaking News |
Today I posted my two-hundred-and-thirty-first YouTube video: Now It’s May for the Fed’s Pause Today’s topic is: Now It’s May for the Fed’s Pause. There wasn’t a lot of suspense about today’s Fed meeting. The CME FedWatch...
January 31, 2023 @ 10:44 pm | Breaking News |
Today I posted my two-hundred-and-thirtieth YouTube video: Trend of the Week Watch the Yuan This week’s Trend of the Week: Watch the Yuan. China controls one of the two largest treasury portfolios in the world, and the strength of the yuan affects treasuries...
January 31, 2023 @ 10:36 pm | Breaking News |
With the Federal Reserve seemingly winding down its cycle of interest rate increases, a stronger dollar is no longer the big currency market story. Gold is. Gold is back. And for at least the next 3 to 6 months. The likely political chaos in Washington over raising...
January 31, 2023 @ 10:33 pm | Breaking News |
Here’s what I expect on Wednesday. The Federal Reserve’s Open Market Committee will announce a 25 basis-point interest rate increase. In his post-meeting press conference Fed chair Jerome Powell will try to talk the financial markets out of their...
January 31, 2023 @ 10:29 pm | Breaking News, GM, Jubak Picks Portfolio |
General Motors (GM) shares are up 8.34% as of the close today after the company reported a huge jump in earnings for the fourth quarter and the full year. For the quarter the car company reported adjusted earnings per share of $2.12 versus an expected $1.69, and...
January 31, 2023 @ 10:21 pm | Breaking News |
Along with announcing a big earnings beat today, General Motors (GM) reported that it will invest $650 million in Lithium Americas to help fund the development of that company’s Thacker Pass lithium mine in Nevada. The Thjacker Pass mine is projected to be the...
January 27, 2023 @ 11:53 am | Breaking News |
Today I posted my two-hundred-and-twenty-ninth YouTube video: Quick Pick Microsoft This week’s Quick Pick: Microsoft (NASDAQ: MSFT). Microsoft came out with earnings on Tuesday (shortly after filming this video). The earnings were expected to be disappointing as...
January 25, 2023 @ 11:06 pm | Breaking News |
Today I posted my two-hundred-and-twenty-seventh YouTube video: Trend of the Week Speculation and Investing This week’s Trend of the Week: Speculation and Investing. Prior to the bank earnings and guidance numbers being released a week ago, the market was on the...
January 25, 2023 @ 10:57 pm | Breaking News |
Yesterday, shares of Microsoft (MSFT) rose by more than 4.6% on an earnings report for the December quarter that showed the company slightly beating analyst estimates on earnings and training only slightly on revenue. Today, investors and traders had second thoughts....
January 20, 2023 @ 7:42 pm | Breaking News |
The federal government hit the official debt ceiling today. Which means the Treasury Department can’t sell more bonds to raise cash t pay the government’s bills. Unless it finds a way to finesse the debt limit. The first steps of an effort that Treasury...
January 20, 2023 @ 7:36 pm | Breaking News |
Today I posted my two-hundred-and-twenty-sixth YouTube video: Quick Pick Sell UUP This week’s Quick Pick: Sell UUP–the dollar ETF. I had the Invesco DB US Dollar Index Bullish Fund (NYSEARCA: UUP) in my portfolio through 2022 while the dollar was doing...
January 20, 2023 @ 7:30 pm | Breaking News |
This may seem perplexing: Alphabet (AKA Google) announced that it would cut 12,000 jobs just days after Microsoft (MSFT) said it would cut 10,000 jobs. And stocks, especially technology stocks, rallied. The Standard & Poor’s 500 closed up 1.89% today and...
January 19, 2023 @ 4:02 pm | Breaking News |
I don’t think has implications for your portfolio tomorrow, but it’s hard (short of global warming) to think of a trend that will be more important for your portfolio in the long run. On Tuesday, January 17, China’s government announced that the...
January 17, 2023 @ 11:03 pm | Breaking News |
Right now Wall Street analysts project that on Thursday, January 19, Netflix (NFLX) will report earnings of just 44 cents a share for the fourth quarter of 2022. That would be a huge drop from the $1.33 the company reported in the fourth quarter of 2021. If Netflix...
January 17, 2023 @ 11:00 pm | Breaking News |
Granted these are all reports from outside news sources but there are a number of them. Where there’s smoke there might well be fire. U.K. broadcaster Sky News has reported that Microsoft plans to cut about 5% of its workforce or about 11,000 roles. Bloomberg...
January 15, 2023 @ 10:42 pm | Breaking News |
The Biden administration will act starting on January 19 to reprioritize federal funds in order to put off a debt ceiling crisis until June, Treasury Secretary Janet Yellin told Congress in a letter today. The “extraordinary measures” which should be old...
January 12, 2023 @ 7:52 pm | Breaking News |
Inflation, measured by the headline CPI (Consumer Price Index) fell 0.1% in December versus November. That brought the annual headline inflation rate to 6.5%. That was exactly what a consensus of economists was looking for. The core DPI, which strips out more volatile...
January 9, 2023 @ 11:02 pm | Breaking News |
Disappointing holiday sales and margin pressures. Not a good combination for any stock. And today shares of Macy’s (M), down 6.39% as of 2 p.m. New York time; Lululemon (LULU, down 9.01%, and Chico’s FAS (CHS) down 9.41% are paying the price for...
January 9, 2023 @ 10:57 pm | Breaking News |
News, rumor, and speculation from the Consumer Electronics Show point to a second half of 2023 launch for Apple’s (AAPL) AR “metaverse” headset. Apple has been “launching” this high-performance AR headset since 2017 but plans for a launch...
January 9, 2023 @ 10:53 pm | Breaking News |
Today I posted my two-hundred-and-twenty-first YouTube video: Trend of the Week Watch Credit Card Debt After Christmas This week’s Trend of the Week: Watch Credit Card Debt After Christmas. Christmas is a huge anomaly when it comes to the stock market and...
January 7, 2023 @ 6:04 pm | Breaking News |
Today I posted my two-hundred-and-twenty-first YouTube video: Quick Pick Watch Tesla This week’s Quick Pick isn’t a “buy,” it’s a “watch.” Tesla (NASDAQ: TSLA) saw its stock down 37% in December–not for the year, but in...
January 6, 2023 @ 7:48 pm | Breaking News |
At the close today, the Standard & Poor’s 500 was up 2.28% to 38905. The Dow Jones Industrial Average had added 2.12%. The NASDAQ Composite was higher by 2.56% and the NASDAQ 100 was ahead 2.78%. All this on the heels of a December jobs report from the...
January 5, 2023 @ 10:19 pm | Breaking News |
On Wednesday, January 4, European Union regulators decided that Facebook and Instagram, both properties of Meta Platforms (META), had illegally forced users to accept personalized ads. The fine of 390 million euros ($314 million) isn’t by any means the most...