Corning picks up sales/ margin gains from supply crunch in high-tech glass
“While Corning (GLW) shares have rallied, we believe that a ‘stronger for longer’ consumer trend augurs well for underlying demand drivers in Corning’s business segments exposed to consumer electronics, with further tightening in the glass supply demand environment...
Consumer confidence plunges in December–and expectations are mixed
U.S. consumer confidence unexpectedly fell in December to a four-month low. The Conference Board index dropped to 88.6 from a downwardly revised 92.9 in November, according to a report Tuesday. That missed all estimates in a Bloomberg survey of economists that had...
Ho, Ho, Huh! Is this the shape of this year’s Santa Claus rally to come?
The major indexes aren’t showing much of a move today even on the news that a new coronavirus stimulus/relief bill is like to pass today (along with the massive fiscal 2021 spending bill for the rest of the government.) I think a good part of that lack of...
And now there are three–antitrust lawsuits against Google
Democratic and Republican attorney’s general from 38 states, led by Colorado and Nebraska, have filed an antitrust lawsuit against Google (GOOG). The suit alleges that Alphabet manipulates its search results to give its own products and services greater rankings...
Watch my YouTube video on Signs of a Market Top NOW! Please
I’m starting up my videos on JubakPicks.com again–this time using YouTube as a platform. The second YouTube video on Signs of a Market Top went up today. You can see it below: Please watch and follow (and like) my...
Signs of a market top Part 3: The pent up demand fallacy
If you’re scouring Wall Street research and opinions for a reason why the current stock market isn’t stretched, you don’t need to look beyond the “pent up demand” explanation. You see, to this way of thinking, the coronavirus pandemic and...
Tomorrow’s new claims for unemployment will be nasty, economists project
Tomorrow’s report from the Labor Department will show 815,000 American workers filed initial claims for unemployment in the week ended December 12, according to economists surveyed by Bloomberg. That would be an improvement from the 850,000 new claims filed in...
Surprise? Maybe Congress will pass a new coronavirus stimulus/relief package this week
Knock me over with a feather. Leaders of both parties in Congress look to be near a deal on a $900 billion coronavirus stimulus/relief package with passage possible by the end of the week, the Washington Post is reporting this morning. The deal includes another round...
Signs of a market top Part 2: Will an oversupply of new shares take the air out of overinflated stock prices?
Most of the time when we worry about a correction (or worse) that might prick a stock price bubble, our concerns focus on the demand side. Will investors continue to buy shares even as prices go up? Is there enough money on the sidelines to fuel buying? Do low...
Moderna coronavirus vaccine moves closer to FDA approval this week
Staff at the U.S. Food & Drug Administration said in a report today that Moderna’s (MRNA) coronavirus vaccine is safe and effective for preventing Covid-19 in people ages 18 and older. That came ahead of a Thursday meeting of an FDA advisory panel that will...
Stocks can’t decide what’s more important, the first vaccinations or impending economic shutdowns in New York City and California
Stocks moved higher in the morning today on optimism that the first coronavirus vaccinations meant a “return to normal” was just around the corner. As of 10:00 a.m. Nw York time the Standard & Poor’ 500 had climbed to 3697. And then in the...
Market top Part 1: Looks like a topping market to me–see TSLA, DASH, ABNB, AI for evidence
I see all the signs of a market that’s moved beyond enthusiasm to excess. This stage in a market is called many things. A market melting up. Forming a top. You get the idea. We won’t, of course, know if the current levels constitute a top until we get a...
Denmark becomes first oil producer to decide to leave oil and gas in the ground
You probably don’t include Denmark in your list of oil producing countries, but the country is the largest oil producer in the European Union thanks to the reserves under the North Sea. So the vote by a majority in the country’s parliament on Thursday is...
New claims for unemployment climb again this past week
Initial claims for unemployment in regular state programs rose on an adjusted basis by 137,000 to 853,000 in the week ended December 5, the Labor Department reported today, Thursday, December 10. The unadjusted total rose by 229,000. Another 428,000 workers applied...
Watch my YouTube video on 4 best dividend stocks NOW!
I’m starting up my videos again–this time using YouTube as a platform. The first YouTube video went up today. You can see it below: Please watch and follow (and like) my...
Government shutdown again comes down to the wire
The government runs out of money–again–at midnight on December 11. The House of Representative plans to vote on Wednesday, today, on a continuing resolution that would extend spending for seven days at current levels. The Senate will take up that bill...
Buying Dow tomorrow in my Dividend Portfolio, Pick #8 in my Special Report on Dividend Stocks on JubakAM.com
Dow (DOW) certainly fits the dividend template that I’ve explained in my Special Report: “10 Dividend Stocks that are beating the risky rockets” on my subscription site JubakAM.com. The stock yields 5.26% after a 0.20% gain today December 9. That...
Publication of FDA review shows Pfizer vaccine almost certain to get emergency use authorization on Thursday
A 53-page review published as a Food & Drug Administration briefing document today confirms that the vaccine from Pfizer (PFE) and BioNTech (BNTX) meets the agency’s standards for emergency use authorization. The briefing document is the result of two weeks...
So where does the coronavirus stimulus bill stand?
Today Congress moved in an orderly disciplined way to resolve the two major conflicts delaying the immediate passage of a new coronavirus stimulus and relief bill modeled on the $908 billion bi-partisan proposal floating last week. Just kidding! Senate Majority Leader...
Adding Citigroup to my Dividend Portfolio as 7th pick in my JubakAM.com Dividend Stocks Special Report
Let’s follow the template from Omnicom, my previous dividend pick, okay? The dividend yield on Citigroup is 3.48% against the five-year average yield of 1.96%. The current price-to-earnings ratio is 10.03 versus the five-year average of 10.17. The current price...
That’s the spirit,Congress! House to vote tomorrow on a one-week spending extension to prevent a government shutdown on Saturday
House majority leader Steny Hoyer, Democrat of Maryland, confirmed in a tweet that the House will vote on a one-week spending extension Wednesday to avert a government shutdown on Saturday.  “The House will vote on Wednesday on a one-week CR [continuing resolution] to...
Buying Omnicom, the first of my post-vaccine dividend picks in my JubakAM.com Special Report, for my Jubak Picks Portfolio today
I started my research on this dividend indicator by comparing the current yield with the historical yield on the stock. For example, as I’ve noted in my Special Report Omnicom Group (OMC) currently pays a forward yield of 4.00% on its closing price of $64.99 on...
Dividend Portfolio ahead 14.19% for 2020…so far
While I was calculating (finally) the much delayed performance numbers for my Dividend Portfolio for 2018 and 2019, I thought I’d use the momentum to do the numbers for 2020 to date. For 2018, as I reported, the portfolio lost 15.52% and showed a dividend yield...
Eversource is my fifth utility pick in my Special Report on dividend stocks (on my JubakAM.com subscription site)–I added it to my Jubak Picks portfolio on Monday
Eversource Energy (ES) pays a 2.65% dividend but I’m adding it on Monday, December 7, not to my Dividend Portfolio but to my Jubak Picks list. Why’s that? Because of the high potential for capital gains–above the dividend payout–from this stock...
Pfizer’s warning on logistics difficulty in delivering vaccine stalls stocks at end of trading
Pfizer (PFE) stock tumbled Thursday after the company reportedly slashed its expectations for coronavirus vaccine deliveries in 2020 due to supply-chain issues. “Scaling up the raw material supply chain took longer than expected,” a company spokeswoman...
So why wasn’t the market more excited about the drop in new claims for unemployment?
Initial claims for unemployment in regular state programs fell by 75,000 to 712.000 for the week ended November 28. That was the first decline in new claims for unemployment in three weeks. And a big improvement over the 775,000 initial claims that economists had...
Out of mind, the credit crunch keeps boiling
Okay, so I know the financial markets aren’t worried–today–about the real economy. But the real economy will count someday and need to be figured into stock prices for things like banks (and who knows what else.). And right now we’re getting...
Odds of another stop-gap bill to fund the government after December 11 just went up–thanks to a Trump tweet
Now he tells us. In a pair of late-night tweets yesterday, President Donald Trump threatened to veto the annual defense bill authorizing nearly $1 trillion in military spending unless Congress opens the door for Facebook, Twitter and other social-media sites to be...
Dollar sinks to lowest level in 2 years; gold (finally) bounces
The Dollar Spot Index (DXY) fell by 0.7% today to the lowest level in more than two years on the biggest drop in almost four weeks. The Dollar Index is now down 5.28% for the year and down 12% from its March peak The euro surged 1.2% to $1.2075, the highest level...Jim’s Daily Email Alerts:
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