Please Watch My YouTube Video: Quick Pick Nvidia
My one-hundred-and-ninetieth YouTube video: “Quick Pick Nvidia” went up today. This week’s Quick Pick: Nvidia (NASDAQ: NVDA). I believe Nvidia will be the dominant chip stock for the next decade–but the stock is struggling during this bear...
Yesterday’s pick Eli Lilly pops today on Biogen’s good news on Alzheimer trial
Shares of Eli Lilly (LLY), a pick for my Jubak Pick’s Portfolio in a post yesterday, are up 8.89% today as of noon New York time, September 28, on news that an experimental Alzheimer’s drug from Biogen (BIIB) and Japan’s Eisai(ESALY) slowed cognitive and...
Can you say, “Reversal”? Bond yields plunge and stocks soar on BOE intervention
The yield on the 10-year Treasury fell 25 basis points to 3.75% today, September 28. The yield on the very policy-sensitive 2-year Treasury dropped to 4.08% from 4.28% yesterday. And stocks climbed. As of the close today, the Standard & Poor’s 500 was up...
Costco demonstrates strength in a very tough environment; keeping it as a portfolio pick
Shares of Costco Wholesale (COST) closed up 2.98% on September 26. The advance against the grain of a generally down market comes after the company announced a beat on both revenue and earnings for its fiscal fourth quarter on Thursday, September 22. The company...
Adding Eli Lilly to my Jubak Picks Portfolio on diabetes drug approval, selling Incyte to balance
I’m extremely reluctant to add any stocks to any portfolios right now. There’s just too much near-term uncertainty and we remain locked in the grip of a pushing Bear Market. But I do want to upgrade my portfolios when possible to increase their future...
Signs of the Next Bear Market Rally Story Yesterday–Will It Take Root?
One of the oddest things about yesterday’s reaction to news from the Federal Reserve of a 75 basis point increase in interest rates was that the market initially rallied. Yesterday, September 21, from 3801 at 10:25 a.m.New York time, the Standard &...Please Watch My YouTube Video: Quick Pick JO
Today’s Quick Pick: JO (NYSEARCA: JO) otherwise known as Barclays iPath Bloomberg Coffee Subindex Total Return ETN Series B. As I’ve shown you in the video, I’m growing my own coffee plant to head off the coffee shortages we’re seeing now...
Please Watch My New YouTube Video: Ford Drops a Bombshell on the Market
Ford (NYSE: F) came out on Monday with a pre-announcement on third-quarter earnings that was pretty grim – not just for them, but for the market and global economy as a whole. Instead of Ford’s expected $3 billion in operating profits for the third...
Fed raises interest rates by another 75 basis points as expected; Dot Plot signals rate increases for well into 2023
At today’s meeting of the Federal Open Market Committee, the U.S. central bank raised interest rates by 75 basis points for a third straight meeting. That took the Fed’s short-term benchmark rate to a range of 3% to 3.25%. This move was widely expected...
Please Watch My New YouTube Video: Trend of the Week Seasonal Patterns–Looking past the worst months for stocks to better months to end the year
My one-hundred-and-seventy-seventh YouTube video: “Trend of the Week Seasonal Patterns” went up today. For today’s Trend of the Week, we’re looking at the calendar and yearly stock patterns. September is notoriously the worst-performing month...
Biden announces release of $900 million in funding for electric vehicle charging build out
Wednesday, September 14, President Joe Biden used a visit to the Detroit Auto Show to announce the release of the first $900 million in funding for the buildout of a national network of charging stations for electric vehicles. The funding, part of $7.5 billion in the...
Please Watch My New YouTube Video: Quick Pick Kroger
My one-hundred-and-seventy-sixth YouTube video: “Quick Pick Kroger” went up today. Grocery stocks aren’t very volatile. Normally. So when shares of Kroger, the nation’s free-standing largest grocery chain, went up almost 7.5% on Friday,...
Yesterday there was a whiff of panic over the CPI inflation disappointment; today not so much with stocks moving slightly higher
Yesterday, September 13, stocks plunged in disappointing inflation news for August. The annual inflation rate did indeed drop to 8.3% from 8.5% in July and 9.1% in June, but the drop was less than the 8.1% expected by economists. And stocks dropped like a stock. The...
Please Watch My New YouTube Video: The Fed’s Real Inflation Problem
My one-hundred-and-seventy-fifth YouTube video: “The Fed’s Real Inflation Problem” went up today. The CPI numbers came out and they were disappointing with inflation running at an 8.3% annual rate in August. But the inflation problem is worst than...
Please Watch My New YouTube video: Quick Pick Verizon
My one-hundred-and-seventy-fourth YouTube video: “Quick Pick Verizon” went up today. Verizon (VZ) is hated by everybody, but if you’re looking for a high-yield stock (safe but without a whole lot of price appreciation in all probability) with...
Putin likely to lash out after Russian setbacks in Ukraine–watch wheat, corn, and natural gas
News this weekend that Ukrainian forces had pushed to the Russian border with the country in the Kharkiv oblast is likely to provoke a big reaction from Russian President Vladimir Putin. It’s not just that Ukrainian forces have advanced but that they have racked...
CPI headline inflation likely to dip in Tuesday report–market will cheer; Fed will shrug
All attention on Tuesday morning’s report of Consumer Price Index inflation for August. It is likely to drive stocks higher in a continuation of Friday’s advance. But the report will not change the Federal Reserve’s mind about increasing interest...
CME FedWatch odds of 75 basis points at September 21 meeting rise to 90%–after that the picture gets murky.
According to the CME Fed Watch Tool, which calculates the odds of a Fed move in interest rates by looking at prices in the Fed Funds Futures market, the odds of a 75 basis point interest rate increase by the Federal Reserve at its September 21 meeting have climbed to...
Why I’m looking for another Bear market rally to begin in the next few weeks
The swings today, September 8, are a good reminder of how volatile this market is. The Standard & Poor’s 500 broke to the upside with a gain of 0.80% as of 11:20 New York time. Then, with Fed chair Jerome Powell emphasizing the central bank’s...
Watch my new YouTube video now: Trend of the Week Watch for a Global Liquidity Shock
My one-hundred-and-seventy-third YouTube video: “Trend of the Week Watch for a Global Liquidity Shock” went up today. For today’s Trend of the Week, I’m looking at not just whether the market goes up or down, but HOW the market goes up and...
Goldman Sachs joins the Bears: The bottom isn’t in yet
Even though today global stocks rose to put an end to their longest losing streak since 2011–with eight straight down days through Tuesday–Goldman Sachs strategists are warning that there’s more selling ahead. Now, I always advise taking market calls...
The Fed keeps pointing at 4% interest rates–or higher
Yesterday Richmond Federal Reserve President Thomas Barkin told The Financial Times that interest rates must stay high until inflation improves. 4% interest rates wouldn’t surprise him, he said. And today Federal Reserve Vice Chair Lael Brainard said at the...
Sorry Joe, that trip to Saudi Arabia didn’t result in more oil production
I hope that President Joe Biden got a T-shirt on his August trip to Saudi Arabia. You know, one that says “I went to Saudi Arabia and all I got was this lousy T-shirt.” Because the U.S. President sure didn’t get a surge in OPEC oil production. In...
Please watch my new YouTube video: The Market is Badly Mispricing Risk
My one-hundred-and-seventy-first YouTube video: “Trend of the Week The Market is Badly Mispricing” went up today. Market prices say that investors and traders don’t think things are very risky, especially in the long run. Look at the yields on the 10...
September is the cruelest month–again?
With all due apologies to T.S. Eliot, when it comes to stocks, April isn’t the cruelest month. That title goes, hands down, to September. Which my calendar says starts tomorrow. September is, on average, the worst-performing month for stocks. From 1950 through...
Please watch my new YouTube video: Quick Pick Intel
My one-hundred-and-seventieth YouTube video: “Quick Pick Intel” went up today. Intel (INTC) has had a bad year. In fact, you can argue that Intel has had “bad years.” The company has fallen behind both Taiwan Semiconductor and Advanced Micro...
The Wall Street consensus is slowly shifting
The stock market still hasn’t completely accepted the likelihood of a recession forced by the Federal Reserve’s interest rate increases. And there’s still optimism about interest rate cuts in the second half of 2023. But I sense that the market...
Powell says Fed committed to raising interest rates, and keeping them high, until inflation is under control
Well, that was short and direct. Especially for the Federal Reserve. In a speech of less than 10 minutes Fed chair Jerome Powell warned financial markets to expect that the central bank will keep raising interest rates and will then leave them at higher levels for...
My stock pick lithium producer Albemarle hits all time high before pulling back to close with 2.71% gain on the day
Lithium producer Albemarle (ALB) closed up 2.71% today after hitting an all-time high of $298.17 in intraday trading. The shares closed at $295.68. The gains for Albemarle, and across the lithium sector, came as Goldman Sachs upgraded lithium battery maker Freyr...Jim’s Daily Email Alerts:
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