Coca-Cola: Can you say pricing power?
This morning before the stock market open Coca-Cola reported earnings of 69 cents a share for the third quarter. That was up from 65 cents a share in the third quarter of 2021 and was above the 64 cents a share expected by Wall Street analysts. Revenue of $11.1...
Please Watch My YouTube Video: Quick Pick ESS Tech
Today I posted by one-hundred-ninety-fifth YouTube video: Quick Pick ESS Tech. This week’s Quick Pick is: ESS Tech (NYSE: GWH) This iron flow battery company has been around since 2011 but it is very much at the first sales stage. So, like a lot of early-stage...
Treasury Department moves on bond market liquidity worries
The bad news is that the Treasury Department is worried about liquidity stress in the huge market for U.S. Treasuries. The good news is that the department is moving to do something about the problem. In its quarterly survey of primary Treasury bond dealers, the...
Snap revenue slump takes big bite from shares of other digital ad stocks
Snap (SNAP), the maker of the Snapchat app, reported the slowest quarterly sales growth ever today, October 20, after the market close. The stock, which had lost 0.64% during regular trading hours, fell 27.06% in the after-hours session. And the drop took shares of...
Please watch my new YouTube video: China Retaliates, Act 2 of the U.S-/China trade war
Today I posted by one-hundred-ninety-fourth YouTube video: China Retaliates, Act 2 of the U.S./China trade war. The National Congress of the Chinese Communist Party has rubber-stamped a third term as president for Xi Jinping–a move that required amending the...
Selling TSM out of my long-term 50 Stocks and Millennial portfolios on China fears
I hate to do this. Taiwan Semiconductor Manufacturing (TSM) is the premier chip manufacturer in the world and I see the company continuing to grow revenue from the increasing demand for smaller and more powerful chips. And I certainly hate to sell a stock that’s...
Rising bond yields and higher odds of bigger hikes from the Fed at December meeting cap stocks
The two-day bounce in U.S. stocks stalled today. The Standard & Poor’s 500 closed down 0.67% and the NASDAQ Composite was down 0.40%. Why? Increased sentiment that the Federal Reserve will raise its target short-term interest rate by a hefty 75 basis points...
Buying Lynas Rare Earths in my Jubak Picks Portfolio
On Monday on my subscription JubakAM.com site, I made Lynas Rare Earths (LYSDY) the eighth pick in my Special Report: 9 Picks to Make Money in This Bear Market and said that I would add it to the Jubak Picks Portfolio today. This is what I wrote in my Special Report:...
This should be enough to keep the rally going for another day: Netflix beats on earnings, new subscribers
After the close today, Octob er 18, Netflix (NFLX) reported fiscal third-quarter earnings that beat Wall Street projections and added far more subscribers than analysts had expected. After falling 1.73% in the regular session, the stock added 14.02% in after-hours...
Selling Truist Financial out of my Dividend Portfolio today, Friday, October 14
Yesterday’s CPI inflation number changed everything, right? Nah. The higher-than-expected inflation number for September–a core inflation rate of 6.6%–guaranteed that the Federal Reserve will raise interest rates by 75 basis points at its November 2...
Nevermind–stocks take back yesterday’s gains as traders rethink their interest rate positioning
After climbing 2.60% yesterday, the Standard & Poor’s 500 fell 2.37% today. Same story with the Dow Jones Industrial Average–up 2.83% yesterday, but down 1.34% today. And the NASDAQ Composite–up 2.23% yesterday and down 3.08% today. And the...
Stocks soar, bonds fall on worse than expected CPI inflation news
Headline Consumer Price Index inflation rose at an 8.2% annual rate in September, the Bureau of Labor Statistics reported this morning. Month-to-month inflation rose by 0.4% on a seasonally adjusted basis. The month-to-month increase was just 0.1% in August. Core...
Oh, No! economists say ahead of tomorrow’s CPI inflation number
Economists surveyed by Bloomberg are looking for core inflation, that is inflation without volatile food and energy prices, to return to a four-decade high in tomorrow’s report of CPI inflation in September. Projections are looking for a 0.4%increase n core...
Wholesale prices rise more than expected in September
Somehow stocks seem to be turning this into good inflation news this morning ahead of tomorrow’s big CPI inflation report–The Standard & Poor’s 500 is up 0.19% as of 12:30 p.m. New York time and even the NASDAQ Composite is slightly ahead with a...
Global economic forecasts continue to slip–now it’s the IMF’s turn
In its newest global economic forecast, the International Monetary Fund has cut its estimates of global growth for 2023 to 2.7%. That’s down from the 2.9% forecast in July for 2023 and the 3.8% prediction in January. The fund also said that it sees a 25% chance...
Selling Tesla tomorrow out of the Volatility Portfolio on China slowdown and trade war uncertainties.
Even before the Biden administration launched a new U.S./China trade war by imposing restrictions on U.S. exports of advanced chip technology, Tesla (TSLA) was facing a sales slowdown in China. Now, with what I regard as the near certainty that Tesla will be one of...
Selling ASML Holding today in an effort to get ahead of the trade war with China
Today I’m selling ASML Holding (ASML) out of my long-term 50 Stocks Portfolio. My take on Asmel hasn’t changed: this is one of the key chip equipment companies in the drive to produce smaller and denser chips. What has changed in the market and the global...
It’s a new trade war with China and this one is really, really serious
If you liked the Trump administration’s trade war with China, you’ll love the Biden administration’s new, more dangerous, escalated version. Rather than slapping tariffs on Chinese goods, and inviting retaliatory tariffs by China on American...
Just when you thought the Ukraine war couldn’t get worse–it does with huge negative implications for oil prices
On Monday Russia launched “a massive strike (the words of Russian President Vladimir Putin) on civilian infrastructure, including crowded train stations, in Ukraine in retaliation for the explosions Saturday that destroyed a crucial ridge linking...
Dollar is back on the march; Treasuries slide again
The U.S. dollar was up hard today, October 6. The Invesco DB U.S. Dollar Bullish Fund ETF (UUP) rose 1.00%. The Dollar Spot Index (DXY) gained 0.90% And Treasury yields resumed the upward move that has erased much of the gain in bond prices of the last week. The yield...
AMD gives disappointing chip guidance again
After the close today October 6, Advanced Micro Devices (NASDAQ) announced that its preliminary estimate of revenue for the third quarter would be just $5.6 billion. That’s well below Wall Street forecasts of $6.71 billion. On the news shares of Advanced Micro...
OPEC+ carries through on yesterday’s leaks and cuts oil production; oil and oil stocks continue rally
Today, Wednesday, October 5, OPEC and its allies, including Russia, approved a two million barrel-a-day cut in oil production. This is the largest cut in production since the onset of the pandemic. Here’s the key paragraph in the OPEC+ statement: “Adjust...
Hello 3,800 my old friend, the S&P 500 has come to visit with you again–we still don’t have a trend yet
At the moment 3,800 on the Standard & Poor’s 500 is the place the market wants to be. Tumble toward 3,600 and the June low, and the market rallies as it did on Monday. Threaten to dip much below that 3,800 level as the market did today and stocks move back...
Please Watch My YouTube Video: Trend of the Week Housing Prices Fall, Finally
My one-hundred-and-ninety-first YouTube video: “Trend of the Week Housing Prices Fall, Finally” went up today. This week’s Trend of the Week is “Housing Prices Fall, Finally.” We’ve recently seen a big increase in mortgage rates,...
Adding Freyr Battery to my Jubak Picks Portfolio tomorrow
I added Freyr Battery to my 10 Perfect Stock Special Report today on my JubakAm.com subscription site. Tomorrow I’m adding the stock to my Jubak Picks Portfolio with a target price of $21 a share. This is what I wrote about Freyr in my Special Report. My #5 Pick...
Adding General Motors to my Jubak Picks Portfolio today
Yesterday I added General Motors to my 10 Perfect Stock Picks Special Report on my subscription JubakAm.com site. (If you want to subscribe, you probably got a 20% off offer in your email today.) Here’s what I wrote in that Special Report on the buy. My #4 Pick...
OPEC+ “considers” cutting oil production and oil and oil stocks surge today
All it takes is a report that OPEC+, the group of oil-producing countries that includes Saudi Arabia and Russia, is considering a big cut in production at its meeting this week to send oil and oil stocks off to the races. As of noon New York time, on Monday, U.S....
Micron’s revenue warning is shot across the bow of chip equipment makers
Yesterday, September 29, after the close of trading DRAM chipmaker Micron Technology (MU) reported fiscal fourth-quarter earnings of $1.35 a share and adjusted earnings of $1.45 a share. That was down from $2.42 a share in adjusted earnings in the fiscal fourth...
Sticky inflation in today’s PCE report rests short-term market trend on October 13 CPI inflation numbers
The Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation measure, rose in August. The index climbed 0.3% from July. Year over year the PCE is up 6.2%. Excluding food and energy, the core PC index rose 0.6% in August from July and at...Jim’s Daily Email Alerts:
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