February 8, 2021 @ 7:28 pm | Breaking News |
The next stage in advancing the Biden administration’s coronavirus stimulus/relief package is for committees in the House and Senate to draft the budget bills that will form the basis of the reconciliation process that can get the package past the threat of a...
February 8, 2021 @ 7:23 pm | Breaking News, You May Have Missed |
Stocks climbed for a sixth straight day–the longest string of gains for the Standard & Poor’s 500 since August and with the Dow Jones Industrial Average turning in its best start for a February since 1931. The S&P 500 finished the day ahead 0.34%...
February 4, 2021 @ 7:37 pm | Breaking News, Buy Hold Sell |
Today, February 4, the Labor Department reported that new claims for unemployment in regular state unemployment programs for the week ended January 30 fell to 779,000 on an adjusted basis. That was a drop of 33,000 from the previous week and it marks a third straight...
February 3, 2021 @ 7:00 pm | Breaking News, Buy Hold Sell |
I’m starting up my videos again–this time using YouTube as a platform. The ninth YouTube video “Trading Rationally in an Irrational Market” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
February 3, 2021 @ 6:48 pm | Breaking News, FCX, Jubak Picks Portfolio |
Back on January 26 copper miner Freeport McMoRan (FCX) dropped sharply–down 6.5%–when the company lowered guidance for production in 2021. For 2021 Freeport McMoRan expects sales of 3.8 billion pounds of copper and 1.3 million ounces of gold. In October...
February 2, 2021 @ 7:11 pm | Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, You May Have Missed |
As of 3:15 p.m. today, February 2, in New York, shares of GameStop (GME)were down 56.22% to $98.50. That a big drop from the January 27 closing high o #347.51, but it’s still significantly above th $17.25 price on January 4. Other stocks that have ridden the...
February 2, 2021 @ 7:02 pm | Breaking News |
Sure GameStop (GME) shares fell 60% today, February 2, at the close but that didn’t stop a rally in the broad market. For the day, the Standard & Poor’s 500 gained 1.39% and the Dow Jones Industrial Average rose 1.57%. The NASDAQ Composite added 1.56%...
February 1, 2021 @ 7:55 pm | AG, Breaking News |
I looked at my Jubak Picks Portfolio with more than a tinge of seller’s remorse this morning. I sold shares of First Majestic Silver (AG) out of that portfolio on Friday, January 29, after the stock rose 21.38% on Thursday. That gave me a gain of 45.52% since I...
February 1, 2021 @ 7:49 pm | Breaking News, Jubak Picks Portfolio, NKTR |
Nektar (NKTR) is another one of those stocks that looks to be moving up more strongly right now than the relatively sparse news would explain. Shares of this biotech are up 18.96% in the last week and 24.37% for the last 3 months. I can see a stream of positive news...
January 29, 2021 @ 6:21 pm | Breaking News |
Today, January 29, shares of GameStop (GME) were up 68%. And the market as a whole fell hard with the Standard & Poor’s 500 down 1.93% at the close and the Dow Jones Industrial Average off 2.03%. The NASDAQ Composite dropped 2.00% and the NASDAQ 100 tumbled...
January 29, 2021 @ 6:16 pm | AG, Breaking News, Jubak Picks Portfolio, Sell |
Shares of First Majestic Silver (AG) climbed 21.38% Thursday, January 28, as silver futures climbed on a post on Reddit suggesting profiting from a short squeeze on silver. “Any short squeeze in silver paper shorts would be EPIC,” a post on Reddit’s...
January 29, 2021 @ 6:11 pm | Breaking News |
After a 43% drop yesterday after Robinhood and other commission-free trade brokerage apps favored by individual traders halted trading in GameStop (GME) and other short-squeeze favorites such as AMC (AMC), today, January 29, the rally–which seems an inadequate...
January 28, 2021 @ 7:00 pm | Breaking News |
As of 3 p.m. today, January 28, shares of GameStop (GME) were down 30.02% to $243.18. At the height of the Reddit-facilitated short-squeeze the stock traded at $357 just yesterday. The stock began 2021 at $17.25 on January 4. So we’re talking about a big gain in...
January 28, 2021 @ 6:54 pm | AG, Breaking News, DIS, FQVLF, GDX, GOLD, Jubak Picks Portfolio, Jubak Top 50 Portfolio, MGM, SCCO |
U.S. GDP growth slowed in the fourth quarter, gaining just 1% from the third quarter. For the full year the U.S. economy contracted by 3.5%. That makes 2020 the first time that the economy has contracted for a full year since 2009 and the Great Recession. At the...
January 27, 2021 @ 7:53 pm | Breaking News |
I’m starting up my videos again–this time using YouTube as a platform. The eighth YouTube video “Forget Gamestope; It’s the Fed’s Bubble to Burst” went up today. Please watch and subscribe to my YouTube channel. And like my video....
January 27, 2021 @ 7:04 pm | Breaking News |
Shares of GameStop (GME) were up another 134.84% today, January 27, to close at $347.51. The stock traded at just $17.25 on January 4, 2021. The heady gains in GameStop have led traders to look for other heavily shorted stocks that might go up BIG as short sellers are...
January 26, 2021 @ 7:35 pm | Breaking News, Jubak Picks Portfolio, MSFT |
Microsoft (MSFT) reported its earnings for the company’s fiscal second quarter 2021 earnings today, Tuesday, January 26, after the close. Revenue of $43.1 million easily beat Wall Street projections of $40.2 billion. Earnings per share of $2.03 crushed...
January 26, 2021 @ 7:28 pm | Breaking News |
Stocks went nowhere today, January 26, as everyone waited for earnings news from Microsoft (MSFT) after the close today and Apple (AAPL) and Facebook (FB) tomorrow. Stands to reason, no? You wouldn’t want to be buying if Microsoft was going to disappoint. And...
January 25, 2021 @ 7:47 pm | Breaking News |
On days when Wall Street focuses on the likelihood of Congress passing a new $1.9 trillion coronavirus stimulus/relief package, stocks rally. Why not? What’s not to like, in the short term, about putting $1.9 trillion into the economy? On days when Wall Street...
January 25, 2021 @ 7:42 pm | Breaking News, Jubak Top 50 Portfolio, NJDCY |
Nidec (NJDCY) shares gained another 7.69% today, after the maker of electric motors for hard drives, robots, and electric vehicles, raised its annual outlook for the fiscal year that ends on March 31. The new outlook forecasts operating income of 155 billion yen ($1.5...
January 22, 2021 @ 7:23 pm | Breaking News |
After barely dragging higher over the last month, big tech stocks turned red hot this week. And next week, when we get earnings from Microsoft (MSFT), APPLE (AAPL) and Facebook (FB) could be even hotter. The rally in big tech was fueled this week by blockbuster...
January 21, 2021 @ 7:17 pm | Breaking News, Buy Hold Sell |
I’m starting up my videos again–this time using YouTube as a platform. The seventh YouTube video “5 picks for after the pandemic” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
January 21, 2021 @ 7:13 pm | Breaking News |
Initial jobless claims in regular state unemployment programs declined–on an adjusted basis–by 26,000 to 900,000 for the week ended January 16, the Labor Department announced today, January 21. On an unadjusted basis, initial claims for unemployment...
January 20, 2021 @ 7:36 pm | Breaking News |
Gold futures on the COMEX for February delivery closed up 1.4% today, January 20, at $1866.50 an ounce. That’s the highest finished for the most active contract on the futures market since January 7. Silver for March delivery closed up 1.8% to $25.766 an ounce....
January 20, 2021 @ 7:33 pm | Breaking News |
Today the Standard & Poor’s 500, the Dow Jones Industrial Average, and the NASDAQ Composite all hit record highs. Likely cause? The peaceful inauguration of Joe Biden as President? Yesterday’s report of blow out gains in subscribers in the fourth...
January 19, 2021 @ 7:34 pm | Breaking News |
After the market close today,January 19, Netflix (NFLX) reported that it had added 8.51 million subscribers in the fourth quarter. Wall Street was expecting an add of 6.03 million. In after hours trading shares of Netflix gained 13.13%. The quarterly results were...
January 19, 2021 @ 7:29 pm | Breaking News |
When she was chair of the Federal Reserve, Janet Yellen’s words would often move stocks. Well, she was at it again today when in her Senate Finance Committee confirmation hearing for Treasury Secretary she told Congress to go big in coronavirus relief and...
January 15, 2021 @ 6:57 pm | Breaking News |
Shares of ExxonMobil (XOM) closed down 4.81% today on a Wall Street Journal report that the Securities & Exchange Commission was investigating a whistleblower complaint alleging that the company overvalued assets in the Permian Basin oil shale geology. The...
January 15, 2021 @ 6:53 pm | Breaking News |
The present–or more precisely the very recent past–didn’t look so good this morning, January 15. U.S. retail sales declined by 0.7% in December and the Commerce Department revised November to a drop of 1.4%. The unadjusted blue of sales rose by just...
January 14, 2021 @ 6:58 pm | Breaking News |
Whoa, Nellie! Initial claims for unemployment benefits through regular state programs climbed to 1.15 million on an unadjusted basis for the week ended January 9. On a seasonally adjusted basis claims rose to 965,000, an increase of 181,000 in the week. Add 284,000...