AT&T announces dividend cut after asset spinoff–investors aren’t amused
Owners of AT&T (T) have been willing to overlook the company’s lack of growth, its “amusing” strategic plan, and its wandering goals because, hey, the shares paid 6.45%. That’s a dividend to make up for a multitude of corporate sins when...
Watch my YouTube video: Three hedges for a falling market
I’m starting up my videos again–this time using YouTube as a platform. The twenty-fourth YouTube video “Three Hedges for a Falling Market” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Go away in May but come back when?
The Wall Street adage “Sell in May and go away” looks to be spot on this year. At the close yesterday on May 18, the Invesco QQQ Trust ETF (QQQ), which tracks the NASDAQ 100, was still p 2.83% for 2021, but down 2.96% for the last three months and off...
Watch Thursday’s TIPS auction for clues to inflation expectations
Inflation watchers–just about everyone in the financial markets these days–will focus on Thursday’s auction of $13 billion in 10-year TIPS (Treasury Inflation-Protected Securities) in the search of clues about the direction of inflation. Or...
These are the markets that try portfolio’s souls
As I write this on Friday, May 14, at 3:25 New York time, the Standard & Poor’s 500 has climbed 1.61% for the day to 4178.91. That puts it within 56 points of the close for the index of 4232.60. So after all panic in the early part of the week, the index is...
Now the markets are happy again (or at least less grumpy)–on lower new claims for unemployment
A day after the market plunged on worse than expected inflation numbers for April, today, May 12, stocks moved up to recover part of their drop on another decree in the weekly initial claims for unemployment numbers. For the week ending May 8, seasonally adjusted...
Disney drop in after-hours session after streaming subscriber number misses
Disney (DIS) shares tumbled by 3.64% in after-hours trading after the company reported fiscal second quarter numbers that beat Wall Street estimates on earnings but missed projections on revenue and on subscribers to the company’s Disney+ streaming service....
Inflation soars and today investors are worried the Federal Reserve has lost control
Consumer prices, as measured by the Consumer Price Index (CPI) soared in April. For the month prices in the all-item index gained 0.8% for a 12-month increase of 4.2%. The core CPI, which excludes volatile prices in the food and energy sectors, was up 0.9% in April...
Watch my new YouTube video: 5 Stocks for an Inflation Scare
I’m starting up my videos again–this time using YouTube as a platform. The twenty-third YouTube video “Five Stocks for an Inflation Scare” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
VIX “fear index” spikes ahead of Wednesday’s CPI inflation report
Stocks are down across the markets today, May 11–with the Standard & Poor’s 500 lower by 0.87% at the close, the Dow down 1.36%, and the NASDAQ Composite off 0.09%–ahead of tomorrow’s report on the Consumer Price Index read on inflation....
Two stock picks that are both growth and value to add to the Millennial Portfolio for long-term investors
Sure looks like a market struggling with rotations between growth and value stocks. One day the growth stocks sell off on fears of higher interest rates and rising inflation or something–and because after such a strong rally in the style growth stocks are very...
What’s there to be afraid of this week? How about Wednesday’s CPI inflation report
Today’s drop in stocks–a drop of 1.04% for the Standard & Poor’s 500 and a loss of 2.55% for the NASDAQ Composite at the close on May 10–is a reminder that runaway economic growth is only one horn of the financial market’s fears...
Weak jobs surprise send risk stocks up–but doesn’t take shine off commodity-inflation plays or reopening bets
Basically everything was up to one degree or another on the surprisingly weak jobs report–the economy added only 266,000 jobs–for April. The Standard & Poor’s 500 closed higher by 0.74% and the Dow Jones Industrial Average gained 0.66%. The...
Surprise! Economy adds only 266,000 jobs in April–not 1 million
The U.S. economy added just 266,000 jobs in April, far fewer than the 1 million economists surveyed by Bloomberg had expected, the Labor Department reported this morning. The unemployment rate rose to 6.1% in April from 6.0% in March on an increase in the labor force...
Today’s ADP jobs survey keeps markets on edge over Friday’s government jobs report for April
U.S. private employers in April added the most jobs in seven months, according to data from the ADP Research Institute released today. Company payrolls rose by 743,000 in the month. That’s a big gain from the upwardly revised 565,000 gain in March. And...
Watch my new YouTube video “Don’t panic: 3 Picks for This Rotation”
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The twenty-second YouTube video “Don’t Panic: 3 Picks for this rotation” went up today. Please watch and subscribe to my YouTube channel. And like my...
My pick for rising farm commodity prices is Deere; adding it to Jubak Picks Portfolio
Wheat prices hit new highs at $7.46 a bushel at the end of April. That the highest since February 2013. Corn climbed to a new eight year high. The day soybeans rose for a tenth straight session to reach on eight year high. When the prices of farm commodities climb,...
Long-dated Treasuries continue to sell off, are now heavily shorted
Short interest in the $12 billion iShares 20+ Year Treasury Bond ETF (TLT) rose to 25% of shares outstanding this week. That’s the highest level since early 2017, according to data from IHS Markit. Investors and traders continue to dump the long Treasury and the...
Jobs, jobs, jobs: A blockbuster report on April jobs on Friday is likely to put more pressure on the Federal Reserve
The U.S. economy is likely to have added 978,000 jobs in April, the Bureau of Economic Analysis will report on Friday May 5, according to economists surveyed by Bloomberg. That would be up from March’s gain of 916,000 jobs and would be the biggest increase since...
Well, DUH! Earnings are beating Wall Street’s forecasts by a record margin this quarter
I should hope so. Otherwise we–investors–and the stock market would be in real big trouble. Analysts have been flying blind for much of this just completed first quarter. Sure, the economy was going to improve and considering that comparisons would pit a...
Call it the Apple problem although it isn’t limited to Apple: Skyworks post-earnings tumble is example of the market’s huge expectations worry
After the close yesterday, April 29, Skyworks Solutions (SWKS), a key Apple supplier and a maker of radio frequency chips for smartphones and WiFi networking equipment, reported earnings of $2.37 a share on sales of $1.17 billion for quarter that closed on April 2...
Are stocks overvalued? U.S. GDP in Q1 almost recovers to pre-pandemic level in Q4 2019–but stocks are 29% higher
U.S. GDP rose at an annualized 6.4% rate in the first quarter of 2021, the Commerce Department reported this week, to an inflation adjusted annualized $19.1 trillion. The value of all domestically produced goods and services has almost recovered to the pre-pandemic...
Watch my new YouTube video: “3 Ad Picks But Not Google or Facebook”
I’m starting up my videos again–this time using YouTube as a platform. The twenty-first YouTube video “3 Ad Picks But Not Google or Facebook” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Economy grows at an annualized 6.4% rate in the first quarter
In the first quarter the economy grew by 1.6%. That’s equal to an annualized growth rate of 6.4% for U.S. GDP. You don’t have to look hard to find the cause. Consumer spending rose 2.6 percent in the first three months of the year, with a 5.4% increase in...
Selling Freeport McMoRan Copper and Gold out of Jubak Picks on valuation
Copper has rallied–again–to a new 10-year high and that has taken Freeport McMoRan Copper and Gold to $39.53 today, April 28, as of 3:50 p.m.. That’s above my target price in my Jubak Picks Portfolio of $34. So today I’m selling this position....
Selling Intuitive Surgical out of Jubak Picks as it holds above target price
A couple of posts ago, I said that I’d be looking to sell Intuitive Surgical (ISRG) out of my Jubak Picks Portfolio. The stock, added to this portfolio on February 15, 2021, had hit and then moved beyond my $860 a share target price after a stronger than...
If Wall Street’s wealthiest pitch a fit on Biden’s tax proposals tonight, is that a buying opportunity for the rest of us?
Speculation, informed and otherwise, is that in his address to Congress tonight, President Joe Biden will propose raising the top income tax rate to 39.6% from the current 37%. And (this is the one that sticks in Wall Street’s craw) raising the tax on long-term...
Microsoft’s earnings report: When great isn’t good enough
Reporting after-hours today, April 27, Microsoft (MSFT) beat analyst expectations on revenue (reporting $41.7 billion versus a Wall Street forecast of $41.05 billion) and earnings per share (reporting $2.03 a share versus $1.78 a share.) And still shares fell by 2.62%...
Vaxart up almost 50% today (as of 2 p.m. before closing up 37.46%) on what?
As of 2 p.m. New York time, Vaxart (VXRT), a biotech developing a coronavirus vaccine in a pill, was up 48.26% to $9.04. The stock had traded 151 million shares, about 11 times the average volume over the last 60 days. The stock closed at $8.33 for a 37.46% gain on...Jim’s Daily Email Alerts:
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