Buy-the-dippers are showing a little fatigue
After Monday’s selling, the Standard & Poor’s 500 was down 5.2% from its September 2 high. And as has been usual lately that drop brought the buy-the-dip investors and traders out in force today, Tuesday, October 5 At the close the Standard &...
Watch my new YouTube video: “QuickPick Canadian National Railway”
I’m starting up my videos again–this time using YouTube as a platform. My fifty-third YouTube video “QuickPick Canadian National Railway” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
More Evergrande woes in China but biggest selling is in U.S. tech stocks
The Hong Kong Stock Exchange suspended trading in shares of China Evergrande after the Chinese developer missed a key bond interest payment last week. That’s led to selling across Chinese stocks with, as of the close in New York, shares of Alibaba (BABA),...
Look for pre-earnings season volatility in big names this week–even after today there’s more to come
Watch for volatility in individual stocks, especially in the technology and retail sectors (or anywhere else supply chain snafus are forecast to hurting sales or production) as money managers work to position their portfolios for a chaotic third quarter earnings...
Watch my new YouTube video: Trend of the Week Global Shipping Stock Picks and the Supply Chain Opportunity
I’m starting up my videos again–this time using YouTube as a platform. And today I’m adding a new weekly video series: “Trend of the Week.” My fifty-fourth YouTube video “Trend of the Week: Global Shipping Stock Picks and the Supply...
Join me (virtually) at the MoneyShow (free) on line on Wednesday, October 6 at 10:50 a.m. ET
My topic: INCOME INVESTING IS FACING A CRISIS New strategies for generating income and for retirement investing-and why we need them! Watch my presentation live from 10:50 a.m. to 11:20 a.m. ET During MoneyShow’s next Virtual Expo, October 5-7, I’m joining Dr....
Watch my new YouTube video October volatility for technology stocks
I’m starting up my videos on again–this time using YouTube as a platform. My fifty-second YouTube video “October volatility for technology stocks” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see...
Selling Advanced Micro Devices out of Jubak Picks tomorrow, September 30
With supply chain “glitches” continuing to shred revenue and earnings forecasts for technology companies such as Micro Technology (MU) on Tuesday of this week, I think the risk/reward trade off from a high momentum chip stock such as Advanced Micro Devices...
Signs of a rocky earnings season to come in Micron Technology warning
Earnings season (for the third quarter for most companies) starts on October 13, two Wednesdays from today, when big banks such as JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) report their results for the period that ends on September 30....
Ford one of few stocks in green today on electric F150 moves
Shares of Ford Motor (F) were one of the few stocks closing in the green today with a gain of 1.20% to $14.33 a share. Yesterday, September 27, Ford announced that it looking to hire 11,000 new workers and that it would spend an additional $11.4 billion to build...
Treasury secretary Yellen puts October 18 deadline for default
In a letter to House Speaker Nancy Pelosi today, September 28, Treasury Secretary Janet Yellen told Congress that the U.S. will run out of flexibility to avoid breaching the debt limit on October 18. If the Treasury can’t continue juggling obligations past that...
Treasury yields broke out of their range last week
After being range-bound for months, yields on the 10-year Treasury broke through the top of a range that’s held since mid-July. Yields ended the week at 1.45%. The 50-day moving average on 10-year yields was 1.29% on Friday. The 2021 low, set in August, was...
Global chip (and I’m not talking Pringles) shortage gets worse
The global semiconductor shortage is getting worse as the Delta variant creates production delays in Malaysia, Vietnam, and the Philippines. That’s a new set of bottlenecks. Some automakers that had managed to avoid big shutdowns in production during earlier...
Watch my new YouTube video: “The market’s big fear is the economy”
I’m starting up my videos again–this time using YouTube as a platform. My forty-ninth YouTube video “The market’s big fear is the economy” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Watch my new YouTube video: “Quick Pick Adobe”
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My fiftieth YouTube video “Quick Pick Adobe” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
More (verbal) news from the Fed this afternoon than the consensus expected
As expected the Federal Reserve’s Open Market Committee kept the central bank’s benchmark interest rate at 0% to 0.25% and left its bond buying program on a path to buy $120 billion of Treasuries and mortgage-backed assets a month. Unexpectedly, though,...
People’s Bank supports markets (and Evergrande) a little bit
I’d call the policy being followed by the People’s Bank in the China Evergrande crisis “Try to support the markets but see how little we can get away with.” Today China’s central bank supplied liquidity (About $18 billion worth) to the...
China Evergrande misses interest payments to banks
On Monday China Evergrande missed interest payments due to at least two of its largest bank creditors. Banks had been expecting Evergrande to miss the payments after China’s housing ministry told them the company would be unable to pay on time. Evergrande has borrowed...
Next clue on Evergrande crisis will come from People’s Bank on Wednesday
Even though China Evergrande has missed interest payments to its biggest bank creditors, banks seem to be waiting for official guidance from the government before making any moves to declare the property development company in default. The banks–and investors...
Individuals buying on the dip can’t keep stocks in the green today
Retail investors sure tried. They bought $1.93 billion in stocks on Monday. But after a solidly higher open today, Tuesday, September 21, that saw the Standard & Poor’s 500 up 0.78% at 9:48 a.m., stocks drifted slowly lower for the rest of the day as a...
Call to Action: Rolling over VIX Options today
On my paid JubakAM.com site today, I recommended selling the November 17 VIX Call Options in my Volatility Portfolio and rolling that profit of 41.25% over to buy the December 22 VIX Call Options. Just so you know what I’m doing on my subscription site about...
Wall Street has started to fret about third-quarter profit warnings
Profit warnings for the third quarter, which ends on September 30 for most companies, have started to worry Wall Street. So far most of the revisions have come from materials producers such as PP Industries (PPG) and Sherwin-Williams (SHW). PP Industries, for example,...
Will a 5% drop bring out the buy on the dippers? Not, I’d argue, until the People’s Bank makes a move
The Standard & Poor’s 500 fell another 1.70% today and it’s now down 3.94% from the September 2 high. As the index dropped last week (again) and over the weekend, lots of Wall Street money managers said Hey, stocks were over-valued and news from...
China’s Evergrande crisis is a really big deal even if Beijing again intervenes to “save” the company
Without government intervention China Evergrande, one of the country’s biggest property developers, will be forced into a bankruptcy reorganization. The company used promises of above market returns to raise billions in financing from individual investors...
Watch my new YouTube video: “Quick Pick Albemarle:
I’m starting up my videos again–this time using YouTube as a platform. My forty-eighth YouTube video “Quick Pick: Albemarle” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Individual investors aren’t buying on the dip–I think they’re waiting for bigger bargains
An interesting–and I think important–post by Ethan Wolff-Mann on Yahoo Finance yesterday (https://finance.yahoo.com/news/retail-traders-arent-buying-the-dip-like-normal-analysts-201817959.html). According to Data from Vanda Research, individual investors...
China’s economy slows at unexpectedly high speed
Retail sales rose just 2.5% in August from a year earlier, China’s National Bureau of Statistics reported today. The estimate from economists surveyed by Bloomberg was for 7% year over year growth. Retail sales grew at an 8.5% pace in July. Industrial production...
Watch my new YouTube video: Time to Worry About China Too
I’m starting up my videos again–this time using YouTube as a platform. My forty-seventh YouTube video “Time to Worry About China Too” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
So far it’s just a typical September slump
I found myself humming “I scare myself” this morning as the market continued its September selling. The Dan Hicks and the Hot Licks song pretty much sums up the market action this morning. We all know that stocks go down in September so we’re sending...Jim’s Daily Email Alerts:
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