November 3, 2020 @ 6:12 pm | Breaking News, Jubak Top 50 Portfolio, NJDCY |
Can’t say Nidec (NJDCY) isn’t ambitious when it comes to expanding its share of the market for motors for electric vehicles in Europe, which has become along with China one of the world’s top markets for electric vehicles. The Japanese company, based...
October 30, 2020 @ 7:23 pm | Breaking News, You May Have Missed |
The Standard & Poor’s 500 closed down 1.21% today and the Dow Jones Industrial Average dropped 0.59%. The NASDAQ Composite was lower by 2.45% and the NASDAQ 100 fell 2.54%. The Russell 2000 small cap index tumbled by 1.96%. The rising tide of new...
October 29, 2020 @ 7:19 pm | Breaking News, Volatility, You May Have Missed |
As of the close today, October 29, the Standard & Poor’s 500 was up “just” 1.17%. (The NASDAQ Composite had gained 1.64% and the Dow Jones Industrial Average had picked up 0.52%) I say “just” because after yesterday’s 3.53%...
October 28, 2020 @ 6:33 pm | Breaking News |
Today both France and Germany returned to national lockdowns to fight the latest surge in coronavirus cases. That, I think, more than increase in virus cases is what drove today’s selling. Investors are afraid that we’re returning to the months when...
October 27, 2020 @ 7:15 pm | Breaking News |
What I like to see–if I’m on the long side of stocks–after a drop like yesterday when the Standard & Poor’s fell 1.86% for its biggest loss in a month and the Dow Jones Industrial Average gave up 2.29%–is a bounce that speaks to...
October 26, 2020 @ 7:09 pm | Breaking News |
Look for a huge number of earnings reports in the coming week with 93 on Monday, 178 on Tuesday, 319 on Wednesday, 397 on Thursday, and 81 on Friday. Let me pick out a few that have extra significance. On Tuesday Microsoft (MSFT), Advanced Micro Devices (AMD) and...
October 26, 2020 @ 6:59 pm | Breaking News, IFNNY, Jubak Picks Portfolio, Jubak Top 50 Portfolio, NJDCY, Volatility |
Autoliv (ALV) reported third quarter earnings per share of either $1.48 (non-GAAP) or $1.12 (GAAP). (GAAP is generally accepted accounting principles.) Â That consensus was $1.09 a share on Wall Street. Revenue of $2.04 billion was in line with expectations and up 0.5%...
October 26, 2020 @ 6:52 pm | Breaking News |
I think the calendar will call the shots in the stock market for the next four to six weeks. And that’s why I think momentum has shifted toward sellers rather than buyers. I know that today’s drop–the Standard & Poor’s 500 closed down...
October 22, 2020 @ 7:09 pm | Breaking News |
New claims for unemployment in regular state programs fell to 787,000 last week. Economists surveyed by Bloomberg had been expecting 875,000 for the week ended October 17. The total showed a drop of 55,000 from the revised figure of 842,000 for the prior week. The...
October 22, 2020 @ 7:05 pm | Breaking News, DHR, Jubak Picks Portfolio |
Shares of Danaher (DHR) were up just 3.28% today. I say “just” because the company delivered a blow out earnings report today. Danaher reported adjusted earnings of $1.72 per share on $5.88 billion in sales for its third quarter. Analysts had expected...
October 21, 2020 @ 6:38 pm | Breaking News |
Today, Wednesday, October 21, House Speaker Nancy Pelosi continued to express optimism that she and Treasury Secretary Steve Mnuchin would be able to reach a deal on another big coronavirus relief and stimulus package–although a bill is unlikely before election...
October 21, 2020 @ 6:33 pm | Breaking News, Jubak Top 50 Portfolio, NVDA |
On October 15 I noted that the hike in revenue guidance from Taiwan Semiconductor Manufacturing (TSM) on huge demand for its chips in AI and gaming (among other sectors) was good news for gaming, AI, and data center leader Nvidia (NVDA.) And I hinted at buying shares...
October 20, 2020 @ 7:58 pm | Breaking News, Jubak Picks Portfolio |
A day after  ConocoPhilips (COP) announced it would buy big Permian Basin oil shale play Concho Resources (CXO) for $9.7 billion, the Wall Street Journal reported that Pioneer Natural Resources, by some measures the biggest oil shale operator in the Permian Basin, is...
October 20, 2020 @ 7:54 pm | Breaking News |
Netflix (NFLX) shares fell 5.42% in after-hours trading (after closing 1% lower in the regular session) after the company reported additions to paid subscribers the missed estimates and lower guidance for the rest of 2020. Revenue for the company’s third quarter...
October 20, 2020 @ 7:46 pm | Breaking News |
The Standard & Poor’s 500 was up by as much as 1.42% at 1:48 p.m. New York time today on hope that House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin would agree on a stimulus deal by Pelosi’s deadline of the end of today for passing a...
October 16, 2020 @ 6:33 pm | Breaking News |
Most governments in Europe relaxed their strict coronavirus lockdowns over the summer in order to breathe some life into economies hit hard by the first wave of the virus and efforts to control its spread. That “return to normal”, however, has led to a...
October 16, 2020 @ 6:29 pm | Breaking News, Dividend Income Portfolio, PFE |
In a public letter Pfizer (PFE) CEO Albert Bourla wrote that the company hopes to have initial data from its Phase 3 clinical trail of a coronavirus vaccine by the end of October and that it will wait until the third week in November to file an emergency use...
October 15, 2020 @ 7:15 pm | Breaking News |
The number of new unemployment claims in regular state-run programs rose last week to a seasonally adjusted 898,000. That’s up 50,000 for the prior week and the biggest increase in first-time unemployment claims since August. The economy has clearly stalled with...
October 15, 2020 @ 7:10 pm | Breaking News, Jubak Top 50 Portfolio, TSM |
Taiwan Semiconductor Manufacturing (TSM) reported earnings of 90 cents per American depositary receipt today on sales of  $12.14 billion for the company’s September quarter. Net income climbed 36% year over year. Analysts had expected the company to earn 81...
October 14, 2020 @ 7:15 pm | Breaking News, Jubak Picks Portfolio, TWLO |
This is something of a catch up post. On October 5 I added Twilio (TWLO) to my Jubak Picks and Volatility portfolios. I announced that buy in a post on October 2 and then again in my Special Report: “Your Investing Guide for the Next 6 Dangerous Stock Market...
October 14, 2020 @ 7:08 pm | Breaking News |
Treasury Secretary Steve Mnuchin, the lead negotiator for the White House on an additional coronavirus stimulus package, emerged today, October 14, from telephone calls with House Speaker Nancy Pelosi, to say that the chances of a stimulus package before the November...
October 13, 2020 @ 6:27 pm | Breaking News, Dividend Income Portfolio, SCCO |
In my just completed Special Report: “Your Investment Guide for the Next 6 Dangerous Stock Market Months” on my JubakAM.Com site I wrote that I’d look to add some coronavirus recovery stocks to my portfolio during weakness in the November time...
October 12, 2020 @ 6:53 pm | Breaking News |
The big banks kick off third quarter earnings reports tomorrow, Tuesday, October 13 with JPMorgan Chase (JPM) due to report before the open. The analyst consensus is that the bank will earn $1.93 a share, down from the $2.68 a share earnings in the September quarter...
October 9, 2020 @ 7:40 pm | Breaking News, EQNR |
Even as Hurricane Delta bears down on the Gulf Coast, oil prices fell today on news that oil workers in Norway had settled a strike that had shut down about 8% of the country’s production. The settlement will restore production at six fields already shut down by the...
October 9, 2020 @ 7:36 pm | Breaking News |
President Donald Trump has figured out something very important about the stock market from his perspective: If he simply says “stimulus,” stocks jump. Even if he doesn’t really mean it. Even if he’s not putting in the work to get a coronavirus...
October 8, 2020 @ 7:29 pm | Breaking News |
The number of initial claims for unemployment for the week ended October 3 was 840,000, the Department of Labor reported this morning. That was above the 820,000 projected by economists surveyed by Bloomberg. And up, er, I mean down, from the 849,000 new claims...
October 8, 2020 @ 7:21 pm | Breaking News |
Stocks climbed today with the Standard & Poor’s 500 up 0.80% at the close, as investors and traders decided that the talk out of Washington about another coronavirus stimulus effort was more than just pre-election hot air. The Dow Jones Industrial Average...
October 7, 2020 @ 7:27 pm | Breaking News |
After taking a beating yesterday afternoon when President Donald Trump tweeted that he was instructing Treasury Secretary Steve Mnuchin to end coronavirus stimulus talks with House Speak Nancy Pelosi, airline stocks are bouncing today after a late-night tweet from the...
October 7, 2020 @ 7:21 pm | Breaking News |
Initial claims for unemployment for the week ended October 3 will total 820,000 in tomorrow’s report from the Department of Labor, according to economists surveyed by Bloomberg. That would be a drop from initial claims of 837,000 in the prior week. The...
October 6, 2020 @ 6:50 pm | Breaking News |
A day after the White House blocked the formal publication by the Food & Drug Administration of updated safety guideline for any emergency approval of a coronavirus vaccine, the agency “informally” published this standards in briefing documents posted...