July 12, 2021 @ 7:55 pm | Breaking News |
he Johnson & Johnson (JNJ) coronavirus vaccine has been linked to a rare side effect, the immune system disorder Guillain-Barré syndrome. Of 12.8 million J&J doses administered in the United States, there have been about 100 cases of Guillain-Barré syndrome,...
July 12, 2021 @ 7:50 pm | Breaking News |
That’s the worry set off by the announcement last week by the People’s Bank of China that it would cut the reserve requirement for China’s big banks by 50 basis points. While economists had been expecting the move from the People’s Bank, they...
July 9, 2021 @ 7:14 pm | Breaking News |
Stocks rallied today and bond prices moved higher (sending bond yields lower) on news that China People’s Bank and the European Central Bank would both pursue monetary moves to bolster growth. The People’s bank reduced the amount of cash that banks have to...
July 8, 2021 @ 7:50 pm | Breaking News |
I’m starting up my videos again–this time using YouTube as a platform. The thirty-third YouTube video “QuickPick: EVGO for fast charging” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
July 8, 2021 @ 7:39 pm | Breaking News |
I’ve read all the headlines explaining today’s drop in stocks, and yesterday’s and the day before. The chaos at OPEC and in oil prices. Fears that the economic recovery is slowing. Thoughts that inflation isn’t a worry and that instead we...
July 8, 2021 @ 7:34 pm | Breaking News |
Initial claims for unemployment in regular state programs rose by 2,000 to 373,000 for the week ended July 3, the Labor Department reported today. Economists surveyed by Bloomberg were looking for initial claims to drop to 350,000. Now this may be disappointing to...
July 7, 2021 @ 11:05 pm | Breaking News |
Here’s my take on market sentiment over the next three months. First, in the very short-run, for the next four weeks of earnings season, it’s hard for me to imagine that investors and traders will sell ahead of one of the biggest surges in year over year...
July 7, 2021 @ 10:57 pm | Breaking News |
I’m starting up my videos again–this time using YouTube as a platform. The thirty-second YouTube video “OPEC and the threat to green energy stocks” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see...
July 6, 2021 @ 7:28 pm | Breaking News |
The Organization of Petroleum Exporting Countries and its affiliated oil producers (OPEC+) abandoned their Monday meeting after days of tense talks failed to result in an agreement on a tentative deal to increase production, and even over how to measure production....
July 5, 2021 @ 7:40 pm | Breaking News |
Friday’s market action argues that investors and traders are looking to buy shares of Apple, Amazon, Microsoft–you know the usual suspects–ahead of what looks like a blowout earnings season that will start on July 13 when JPMorgan Chase (JPM) reports...
July 1, 2021 @ 11:19 pm | Breaking News |
Initial claims for unemployment in regular state programs fell by 51,000 to 364,000 for the week ended June26, the Labor Department reported this morning. Economists surveyed by Bloomberg were looking for 388,000 new claims. The drop to 364,000 still left initial...
July 1, 2021 @ 11:14 pm | Breaking News, Jubak Picks Portfolio |
Yesterday in my video “3 Picks for an Earnings Blowout” I argued the case that even the 61% second quarter year to year jump in earnings in the Wall Street analyst consensus was unerstated. For example, I noted that the current estimate of $44.91 a share...
June 30, 2021 @ 7:37 pm | Breaking News |
Private payrolls rose more than expected in June, ADP reported this morning, with a gain of 692,000 jobs. Economists surveyed by Bloomberg were looking for a gain of 600,000 jobs. The figure was a drop from the 886,000 jobs aded by private employers in May. The...
June 30, 2021 @ 7:31 pm | Breaking News, TSM |
I’m starting up my videos again–this time using YouTube as a platform. The thirtieth YouTube video “3 Picks for the Earnings Blowout” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
June 29, 2021 @ 10:53 pm | Breaking News, Dividend Income Portfolio, Jubak Picks Portfolio |
That didn’t take long. On Thursday the Federal Reserve reported that all 23 big banks tested in its annual stress test, passed. Which means that the last remaining restrictions on dividend increases and share buybacks are now history. Yesterday big banks started...
June 29, 2021 @ 10:48 pm | Breaking News |
All eyes on the Friday morning release of the June employment numbers by the Bureau of Labor Statistics. Economists surveyed by Bloomberg are expecting a rebound from a weak May report to 700,000 net jobs added in June. May was a surprisingly weak 559,000 new jobs....
June 25, 2021 @ 7:57 pm | Breaking News |
The Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation measure rose 0.4% in May to an increase of 3.9% from May 2020. The core rate, which excludes food and energy prices, climbed at a 3.4% rate from May 2020. That was the highest...
June 25, 2021 @ 7:53 pm | Breaking News, Jubak Picks Portfolio |
On Monday, June 28, I’ll be adding shares of Martin Marietta Materials (MLM) to my Jubak Picks Portfolio to increase my exposure to the infrastructure sector after the Thursday, June 24, announcement at the White House of a bipartisan infrastructure deal. You...
June 24, 2021 @ 7:16 pm | Breaking News |
I’m starting up my videos again–this time using YouTube as a platform. The twenty-ninth YouTube video “5 stock picks for the infrastructure deal” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
June 24, 2021 @ 7:13 pm | Breaking News, CAT, DE, Jubak Picks Portfolio, Jubak Top 50 Portfolio, VMC |
The White House has announced that it has struck an infrastructure deal with a bipartisan group of 10 Senators. There are almost no details on the deal and it’s not at all clear that President Biden will be able to convince the progressive wing of his own party...
June 24, 2021 @ 7:06 pm | Breaking News |
The job market is improving, but the rate of improvement is tantalizingly slow. New weekly jobless claims in regular state unemployment programs fell for the week ended on June 19 to 411,000. Economists had expected a drop to 380,000. The prior week saw a (revised)...
June 24, 2021 @ 6:52 pm | Breaking News, Dividend Income Portfolio, Jubak Picks Portfolio, Jubak Top 50 Portfolio |
Copper stocks have been moving steadily higher recently in anticipation of a turn in the eight week downward trend in the price of copper itself. Now the price of copper is showing some of the upward movement that the rally in copper stocks anticipated. For example,...
June 21, 2021 @ 7:36 pm | Breaking News |
To continue from my last post: Second, I think it’s just as important to recognize that even though the market is very slow and very reluctant to abandon a profitable long-tern macro story, it is very comfortable and indeed very adept at recognizing shorter term...
June 21, 2021 @ 7:29 pm | Breaking News |
After Wednesday’s news from the Federal Reserve, we all know that an interest rate increase is coming–even if we don’t know when. Could be 2022. Could be 2023. And even if we don’t know how many increases we’re looking for in that time...
June 21, 2021 @ 7:21 pm | Breaking News |
Remember way back at the beginning of last week? That is before the Federal Reserve signaled on Wednesday that more of the members of its Open Market Committee were thinking about raising interest rates sooner than previously expected. Re-opening stocks, value stocks,...
June 18, 2021 @ 7:30 pm | Breaking News |
Yesterday, growth stocks climbed in the face of signals from the Federal Reserve on Wednesday that interest rates increase were coming sooner–as soon as the end of 2022–than expected. That seemed puzzling. May be, one line of thought (mine) had it,...
June 17, 2021 @ 7:57 pm | Breaking News |
The Standard & Poor’s 500 is basically flat with a loss of just 0.04% as of the close today. If you want ACTION!!! you have to look elsewhere: To the NASDAQ Composite, which was up 0.87% at the close and to the small cap Russell 2000, which was down 1.18%...
June 17, 2021 @ 7:49 pm | Breaking News |
Initial jobless claims in regular state unemployment programs rose to 412,000 for the week ended June 12. Economists surveyed by Bloomberg were expecting 3.425 million new claims. This is the last week for which it will be possible to put together a meaningful trend...
June 16, 2021 @ 7:18 pm | Breaking News |
I’m starting up my videos again–this time using YouTube as a platform. The twenty-eighth YouTube video “Interest Rate Hikes Are Coming” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
June 16, 2021 @ 7:11 pm | Breaking News |
The rhetoric was the same after today’s meeting of the Federal Reserve’s Open Market Committee: “Inflation has risen, largely reflecting transitory factors.” The Fed kept its benchmark short-term interest rate at 0% to 0.25% But the Dot Plot...