Stocks driving you crazy yet? In massive turnaround, NASDAQ climbs 3.69% today after 2.41% tumble yesterday
Technology stocks, so pummeled yesterday, roared back today. The NASDAQ Composite gained 3.69% on the day. The NASDSQ 100 with its huge waiting to BIG TECH closed up 4.03%. After yesterday, a day when the recent rotation into value, cyclical, and vaccine recovery...
Doing a little selling to raise some cash for potential bargains: Selling Invesco Yen ETF, JD.Com, and Vanguard Treasury ETF
Let’s be clear. I don’t have any idea of when the current selling in technology and high-valuation growth momentum stocks will end. It does seem likely to me, even after the March 9 bounce, that the rotation into cyclicals, vaccine recovery stocks, and...
The rotation gets extreme–Dow hits record intraday high while NASDAQ Composite falls into a correction
Two indexes will tell you what you need to know about today’s stock market action. The Dow Jones Industrial Average, driven by cyclicals, vaccine recovery stocks, and consumer stocks rose to an intraday record high. After a slight retreat at the end of the...
Buying Marvell Technology Group in my Jubak Picks Portfolio
While the NASDAQ Composite and Standard & Poor’s 500 were flirting with a correction on Thursday, March 4, Marvell Technology Group (MRVL) has moved into its own better than 10% drop in just the last week. The stock is down 13.89% in the last week as of the...
So why did stocks reverse their morning plunge and finish with a strong up day?
Maybe it was just investors and traders having second thoughts about selling stocks on a day when the economy delivered a surprisingly strong jobs report for February. After all, isn’t stronger economic growth a good thing for company revenue and earnings? Maybe...
That was some reversal today
Stocks broke out of the gate today seemingly determined to turn a big three-day losing streak into an even bigger four-day plunge. At 11:30 a.m. today, March 5, the Standard & Poor’s 500 was down 1.04%. The NASDAQ Composite was lower by 2.6%. The high...
Market doesn’t get what it wants from the Federal Reserve today–and pitches a fit
I’m not sure that it rises to the level of a “taper tantrum” but the financial markets wanted Fed chair Jerome Powell to signal that the central bank would increase its bond buying at the 10-year end of the yield curve in order to depress rising...
It’s dejavu all over again: Everything is down today
Back on February 23, I wrote a post with the headline “Everything is down today” and added that while I wasn’t buying everything on the dip I was doing some selective nibbling. Today’s market looks almost exactly the same–if a bit more so...
Watch my new YouTube video: 2 Hedges for All Your Market Worries
I’m starting up my videos again–this time using YouTube as a platform. The thirteenth YouTube video “2 Hedges for All Your Market Worries” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Just so we’re all on the same page: My buy of CPER and KWBW hedges posted yesterday and an add of the KWBW hedge to the Jubak Picks Portolio today
Call this making sure we’re all on the same page. Yesterday in my YouTube video and in my latest addition to my Special Report: “Profit and Protect” I added the U.S. Copper Fund ETF (CPER) and the Invesco KBW Bank ETF (KBWB) to my Perfect Five ETF...
So what’s the matter with Incyte stock? Just about nothing although you wouldn’t know it from the recent price movement
Shares of biotech stock Incyte (INCY) have been down significantly in 2021. For the year to date, as of the close on March 2, the shares were down 8.45%. In the last month they’ve tumbled 12.42%. So what’s wrong? Pretty much nothing. With the individual...
Don’t expect too much movement from stocks in the next couple of days–there’s just too much news due on Thursday and Friday
Stocks are neither moving ahead to follow up on yesterday’s big gains. Nor selling off under the wave of profit taking. Given the news calendar on Thursday and Friday that’s about what I’d expect. We’re due for a bushel of potentially...
Bond rally holds; stocks close on strong note
Treasury yields ended the day slightly lower (which means prices were slightly higher) than earlier in the day. The 5-year Treasury note, for example, ended with a yield of 0.69% after trading with a yield of 0.72% earlier in the day. (The low yield for the day was...
Keeping Palo Alto Networks with a big boost to my target price
After the close on Monday February 22 Palo Alto Networks (PANW) reported a loss of $1.42 million (or $1.48 a share) on revenue of $1.02 billion million for the company’s fiscal second quarter. Adjusted earnings–which exclude share-based compensation and...
Stocks bounce back as bond prices take a breather and yields fall slightly
As of 2 p.m. New York Time today, March 1, the Standard & Poor’s 500 was up 2.57% and the Dow Jones Industrial Average was higher by 2.30%. The NASDAQ Composite had climbed 2.80% and the NASDAQ 100 had gained 2.83%. The small cap Russell 2000 had added...
10-year Treasury yield hits 1.61%–bond market moves now driving stock prices
Yields on U.S. Treasuries hit 1.61% early today before pulling back slightly to 1.51% as of 3 p.m. New York time. It’s not just the rise in yields or even the magnitude of the increase that has so disconcerted the bond market today, February 25. It’s the...
Not all stock selling is about rising bond yields–for example, Tesla announced genuinely bad news today
Shares of Tesla (TSLA) fell 8.06% today, February 25, to close at $682.22 a share. Tesla traded at $883.09 a share just a month ago on January 26. Part of that drop, of course, is due to the sell off in the general market, especially for high multiple, high momentum...
Watch my new YouTube Video: 5 Picks for the next 6 months
I’m starting up my videos again–this time using YouTube as a platform. The twelfth YouTube video “5 Picks for the Next Six Months” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Everything is down this morning! I’m nibbling at these stocks
Yesterday tech tumbled but utilities, commodities like copper and even gold, and many “vaccine recovery” plays gained. Today almost everything is down. Which to me is a sign that this now 6-day downturn is getting closer to an end. Right now, as of 1:30...
The tide rises–Treasury yields climb again and so do inflation plays
As of the close in New York today, February 22, the yield on the 10-year Treasury had climbed another 3 basis points to 1.37%. Commodities that can act as inflation hedges were up as well. Copper showed no signs of ending its climb, rising 4.17% today to $8909 a ton...
A wild day for stock gains–although you wouldn’t know it from the indexes
At the close today the Standard & Poor’s 500 was down 0.19%. The Dow Jones Industrial Average ended dead even. The NASDAQ Composite “soared” 0.07%. It wasn’t until you looked at the Russell 2000 small cap index that you saw any signs of...
Jubak Picks recommendation Applied Materials blows out the quarter and raises guidance
Given how strong the earnings beat was for the last quarter and how big the increase in guidance was for the next quarter from Applied Materials (AMAT) after the market close last night (February 18) today’s stock gain of 5.19% was actually rather modest. For...
Watch my new YouTube video: Lessons from the Texas Winter Storm–How to invest in the Energy Grid
I’m starting up my videos again–this time using YouTube as a platform. The eleventh YouTube video “Lessons for the Texas Winter Storm: How to Invest in the Energy Grid” went up today. Please watch and subscribe to my YouTube channel. And like...
Midwest arctic blast sends natural gas at one hub from $4 to $999
Natural gas at the OneOK Gas Transportation hub in Oklahoma traded at $4.19 per contract a week ago. Today, thanks to a polar blast that has produced sub-zero temperatures across a huge swatch from Texas to Canada, two contracts today traded at $999 per million...
Intuitive Surgical Pick #10 for my new Millennial Portfolio (for investors who have more time than money); also adding it to Jubak Picks
In my first 10 (actually to be 11 since I’ve got another pick up my sleeve today) picks for my new Millennial Portfolio (for investors who have more time than money) on my subscription site JubakAm.com I’ve been on the hunt for shares of companies with...
Fed chair Powell calls unemployment numbers garbage; says real rate is 10% not 6.3%
In a speech on Wednesday, Federal Reserve chair Jerome H. Powell said that the unemployment rate in January was “close to 10%, not the 6.3% rate reported by the Labor Department last week. Part of the problem is a misclassification of unemployed workers as employed....
MGM Pick #9 for my new Millennial Portfolio (for investors who have more time than money) on my JubakAM.com site; also adding to Jubak Picks on this site
I’m taking advantage of today’s drop in shares of MGM Resorts International (MGM) after yesterday’s earnings report to add these shares to my new Millennial Portfolio. The stock dropped on bad pandemic performance from the company’s Las Vegas...
Watch my new YouTube video: “Avoiding Di-Worsification in 2021”
I’m starting up my videos–this time using YouTube as a platform. The tenth YouTube video “Avoiding Di-Worisification in 2021” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Yield on 10-year Treasury climbs to 1.16%–time to rethink some bond market assumptions and to start some selling
A year ago, the yield on the 10-year Treasury note stood at 1.59%. From that point yields fell, leading to big gains for Treasuries and other bonds. (The Shares 7-10 Year Treasury Bond ETF (IEF) gained 10.01% in 2020, for example.) Yields were down to 0.73% as of the...Jim’s Daily Email Alerts:
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