Take what the market is giving you: Three short-term moves for short-and mid-term gains
The one certainty in the stock market right now, I’d say, is volatility. Both to the upside and to the downside. So I think we should take what the market is giving us. Using these three moves in the short term. 1. Buy a few buy on the dip candidates from my...
Electric vehicle charging stocks are on fire today on Biden infrastructure plan
Shares of Chargepoint (CHPT) were up 15.40% as of 2:30 p.m. New York time today, March 31. Charging station competitor Blink Charging (BLNK) was up 8.69%. (Chargepoint went public via a reverse merger with SPAC Switchback Energy early this month. The symbol changed to...
The financial market is feeling better today about risk–time to put on your worry hat?
You can judge the stock market’s mood pretty accurately today, Tuesday, March 30, from just a few price movements. Take a look at the performance of bank stocks, the small cap Russell 2000, the CBOE VIX “fear index,” and technology stocks to see...
It’s just a proposal but Biden administration’s plan argues for adding wind power stocks right now–here are five picks
Today, May 29, the Biden administration announced an ambitious plan to expand wind farms along the East Coast. The goal would be to see the United States produce 30 gigawatts of offshore wind power by 2030. That’s just a little ambitious since U.S. offshore wind...
Adding ASML to Jubak Picks and 50 Stocks portfolios on Monday, March 29
In my Trick or Trend post on my subscription JubakAM.com site on Saturday, March 27, I argued that the increasingly serious chip shortage experienced by car makers was bad for car stocks (since car companies are having to cut production), but good for chip makers who...
Friday’s jobs report drives the week
All eyes all week long will be on Friday’s report on March jobs from the Bureau of Labor Statistics. Economists surveyed by Bloomberg project that the economy will add 642,000 new jobs in the month and that the official unemployment rate will drop to 6.0% from...
Fed to end restrictions on bank dividends, share buybacks at end of June
U.S. banks that pass their next stress tests will allowed to raise their dividends after June 30, the Federal Reserve said yesterday, March 25. The Fed will also lift any remaining restrictions on stock buybacks. Limits on dividend payouts to investors and share...
Feared higher inflation doesn’t materialize in February data
The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index fell 0.2% month to month in February from January. That was below economist expectations of a 0.5% month to month gain. On a year over year basis, the...
Disney postpones release of Black Widow in movie theaters–what does that tell us about the post-vaccine economy?
A couple of weeks before Christmas, Disney (DIS) decided that the pandemic coast would be clear enough by May for it to send Black Widow, the next Marvel universe potential blockbuster–to movie theaters in May. Not so far, the company has now decided. With rates...
Watch my new YouTube video: 3 electric vehicle picks
I’m starting up my videos again–this time using YouTube as a platform. The sixteenth YouTube video “3 electric vehicle picks” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Rotation turns to general selling
At 11:07 a.m. today the Standard & Poor’s 500 was up 0.80%. At the close it was down 0.55%. Same picture for the small cap Russell 2000 index. Up 1.65% at 10:54 a.m. New York time. Down 2.26% at the close. What looked like one of the rotation markets...
This week’s Treasury auctions start off smoothly–what does it mean if yields and stocks are down?
This weeks long list of Treasury auctions started off with a very good sale of $60 billion in two-year notes today. Today’s sale came with a yield of 0.152%–yep that’s where interest rates are right now–on the two year note. That matched the...
Today do stocks believe Fed’s Powell on inflation or are we seeing signs of worry about economic growth amid reports of rising coronavirus infection rates?
This morning Federal Reserve Chair Jerome Powell gave reassuring inflation testimony before the House Financial Services Committee. Prices would rise this year as Americans are able to go out and spend post-pandemic, but while “We do expect that inflation will move up...
Treasury market is waiting for heavy week of bond auctions that gets up to speed tomorrow
The yield on the 10-year Treasury didn’t move much today, Monday, March 22, with the yield dropping 3 basis points to 1.69%. Treasury volatility could pick up big time later this week as the government auctions off Treasuries across a range of maturities. The...
Market squares positions ahead of weekend, but doesn’t quite make up for yesterday’s losses as trend remains to the downside
The Standard & Poor’s 500 closed down 0.06% today, March 19. About as exciting as watching paint dry. The NASDAQ Composite, down yesterday, reversed that drop and a little bit more by adding 0.76%. The iShares MSCI Emerging Markets ETF (EEM), down 1.84%...
Bank stocks were just about the only thing in the green yesterday–which is why I added U.S. Bancorp to Jubak Picks on Friday (plus some thoughts on bank stock option plays)
Financial Select Sector SPDR ETF (XLK) was up 0.52% yesterday, March 18, when almost everything else finished in the red. The Invesco KBWB Bank ETF (KBWB) was ahead 1.14%. Citigroup (C) gained 0.33%. Bank of America (BAC) was ahead 2.61%. U.S. Bancorp (USB) added...
On second thought, financial markets decide they really didn’t like yesterday’s news from the Federal Reserve
After not moving very much yesterday on the actual news from the Federal Reserve-the Standard & Poor’s 500 finished up 0.29% and the NASDSQ Composite closed higher by 0.40%, today, March 18, markets decided they really didn’t like the Fed’s...
The Fed stands pat but I see interest rate increase “slippage”
At today’s (March 17) meeting of its Open Market Committee the Federal Reserve held its target interest rate at 0% to 0.25% and continued its commitment to buying $120 billion a month in Treasuries and mortgage-backed assets, as expected. But the central...
Watch my new YouTube video: 3 Disney Picks
I’m starting up my videos again–this time using YouTube as a platform. The fifteenth YouTube video “3 Disney Picks” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Can the Fed win on Wednesday against market sentiment?
On Wednesday the Federal Reserve will update its projections for GDP growth, inflation, and the timing of any interest rate increase. In December, Fed officials, on the famous (or infamous) dot plot indicated that that central bank officials expected to hold benchmark...
Let my 15% gain ride–raising my target price for MGM Resorts in my Jubak Picks Portfolio to $48
Shares of MGM Resorts International (MGM) are up 15.16% since I added them to my Jubak Picks Portfolio on February 11, 2021. I don’t think the gains are done for this casino and hotel stock. Today I’m raising my target price to $48 a share from the current...
Selling Marvell Technology Group out of Jubak’s Picks tomorrow with 20% gain
Today, March 15, shares of Marvell Technology Group (MRVL) closed at $48.08, slightly above my target price of $48 a share. In this very volatile market for technology stocks, I’m going to take my almost 20% profit (19.90% to be exact) and sell these shares out...
I almost forgot…the Federal Reserve meets on Wednesday
With everything going on, it’s easy to forget about the upcoming meeting of the Federal Reserve’s interest rate setting body, the Open Market Committee, on Wednesday. Which would be a mistake because, in my opinion, nothing is more important than interest...
Again but not as bad–spike in Treasury yields clips technology stocks today
The yield on the 10-year Treasury note climbed to 1.62% today, March 12. That’s a jump of 9 basis points on the day. (It takes 100 basis points to make up one percentage point.) Following the recent pattern, the climb in yields meant a drop in the prices of...
Wheaton Precious Metals hikes dividend by 30%
Before you get too excited by that headline, note that a 30% hike in the dividend at Wheaton Precious Metals (WPM) will bring the payout to just 13 cents for the first quarter of 2021. But that’s still, as my grandmother used to say, better than a poke in the...
Don’t forget the “animal spirits”
I left my keyboard at 11:30 this morning to go for a walk in my neighborhood. The temperature was near 60 degrees in New York City. The sun was out. Restaurants with outdoor space were full. Columbia and Barnard students were out in skirts and even a few tank tops....
Initial claims for unemployment fall by more than forecast for the week
New claims for unemployment dropped to 712,000 in regular state programs in the week ended March 6, the Labor Department reported today. That drop of 42,000 from the prior week was a bigger drop than economists had projected. Economists surveyed by Bloomberg were...
Watch my new YouTube video: 3 Picks for Continued Volatility
I’m starting up my videos again–this time using YouTube as a platform. The fourteenth YouTube video “3 Picks for Continued Volatility” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Sorry, the volatility isn’t over because the climb in Treasury yields isn’t over
In the last few days the yield on the 10-year Treasury note has tumbled from 1.6% on Monday, March 8, to 1.54% on Tuesday to 1.52% today. That’s brought a breather selling that had, by Monday, pushed the NASDAQ Composite index into a correction of around 11%...Jim’s Daily Email Alerts:
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