February 10, 2020 @ 7:14 pm | Breaking News |
Pickings look rather slim for investors over the next decade, according to the results of Morningstar’s annual survey of financial market forecasts. Certainly much slimmer than the extremely strong returns for U.S. stocks for the last decade. During that period...
February 10, 2020 @ 7:06 pm | Breaking News |
Workers at Hon Hai Precision Industry (also known as FoxConn) were originally to be back at work at Apple’s (AAPL) largest manufacturing partner for iPhones today February 10. Then last week the company told workers to stay away from its Shenzhen headquarters...
February 7, 2020 @ 7:53 pm | Breaking News |
The U.S. economy added 225,000 jobs in January, well above the average 175,000 jobs added per month in 2019. And still markets fell. The Standard & Poor’s 500 dropped 0.54% and the Dow Jones Industrial Average closed down 0.94%. The NASADAQ Composite...
February 6, 2020 @ 10:21 pm | Breaking News, GLD, GOLD |
Gold is supposed to go up when investors and traders are looking for safe havens and hedges against market volatility. So it makes sense the gold and gold mining stocks are gaining as coronavirus stalks through the land. Gold closed up 0.99% today to $1570.50 an...
February 6, 2020 @ 7:11 pm | Breaking News |
This was the summary of the coronavirus emergency at this morning’s World Health Organization press conference: As of this morning there are 28,060 confirmed cases of the coronavirus in China and 564 deaths. Outside China, there are 225 cases in 24 countries and...
February 6, 2020 @ 7:07 pm | Breaking News |
The ADP Research Institute report on private payrolls, released yesterday, showed a gain of 291,000 jobs in January. That blew away economist forecasts for 157,000 net new jobs in the month, according to Bloomberg’s survey of economists. The January gain would...
February 5, 2020 @ 7:33 pm | Breaking News |
Stocks took off out of the gate this morning on reports on Chinese television that said a drug being tested by researchers at Zhejiang University in China was effective against the virus. That speculation got further traction on news that China had started a clinical...
February 4, 2020 @ 10:56 pm | Breaking News |
Chinese president Xi Jinping is NOT the face of the country’s fight against the spread of the coronavirus. He has not been pictured in the customary emergency photos visiting hospitals, doctors or patients. As the crisis ramped up, it was the premier, Li...
February 4, 2020 @ 6:50 pm | Breaking News |
I’m trying to figure out the puzzle that is Beyond Meat (BYND), the only publicly traded plant-based meat stock. Is plant-based meat a revolutionary, category shattering food product? In which case shares of Beyond Meat are an absolute bargain even at $110.43 a...
February 4, 2020 @ 6:40 pm | Breaking News |
As of 1 p.m. in New York the Standard & Poor’s 500 was up 1.61% and the Dow Jones Industrial Average was ahead 1.59%. The NASDAQ Composite had climbed 1.94% and the Russell 2000 small cap index had gained 1.68%. Overseas the iShares MSCI Emerging Markets...
February 3, 2020 @ 6:44 pm | Breaking News |
Selling in Shanghai and Shenzhen A shares, which trade on those two mainland China exchanges with limits on overseas ownership, drove prices on those two exchanges lower today with the Shanghai Composite down 7.72% and Shenzhen A shares down 8.41% at the close. This...
February 2, 2020 @ 9:47 pm | Breaking News |
The CSI 300 Index (of the 300 largest stocks traded on the Shanghai Stock Exchange) plunged as much as 9.1% on Monday morning as the Shanghai Stock Exchange opened for trading for the first time since January 23. By 10:15 a.m. Monday in Shanghai (9:15 p.m. in New York...
February 1, 2020 @ 10:09 pm | Breaking News |
That 4.8% growth in the first quarter would come after 6% growth in the fourth quarter of 2019. The bank also cut its forecast for growth for the full 2020 year to 5.5% from 5.8%. Granted this is just one forecast at a time of extreme uncertainty. But I would note...
February 1, 2020 @ 6:45 pm | Breaking News |
The big event of the week will take place at the very beginning of the week when the Shanghai Stock Exchange reopens for trading after being closed for a week for the New Year’s holiday. Mainland Chinese investors have been left on the sidelines unable to trade...
January 31, 2020 @ 7:26 pm | Breaking News |
The Shanghai Stock Exchange can be extremely volatile. Which is one reason that investors and traders are moving to the sidelines in U.S. and overseas markets today ahead of the reopening of the Shanghai exchange on Monday. So how volatile is volatile? The comparison...
January 31, 2020 @ 7:21 pm | Breaking News |
As of 3 p.m. in New York today, the Standard & Poor’s 500 was down 1.56% and the Dow Jones Industrial Average was lower by 1.89%. The NASDAQ Composite was holding up better with only a 1.27% drop. The small cap Russell 2000 continued as the weakest of the...
January 30, 2020 @ 7:28 pm | Breaking News |
U.S. markets continued to show a muted recovery from fears of the coronavirus outbreak today. The Standard & Poor’s 500 closed up 0.31% after spending time in the early afternoon in the red. The Dow Jones Industrial Average finished up 0.43% and the NASDAQ...
January 30, 2020 @ 7:22 pm | Breaking News |
The U.S. economy grew at a 2.1% annualized rate in the fourth quarter. That matches the growth rate for the third quarter and is slightly above the 2% growth predicted by economists surveyed by Bloomberg. Full-year GDP growth finished at 2.3% in 2019, the lowest of...
January 29, 2020 @ 10:53 pm | AG, Breaking News, GLD, GOLD |
Gold held by ETFs (exchange-traded funds) hit the highest level in seven years on Tuesday as investors and traders piled into the traditional hedge against uncertainty and stock market volatility. Worldwide gold holdings in ETFs rose to 2,561.2 tons as of Tuesday, the...
January 29, 2020 @ 7:54 pm | Breaking News |
The Standard & Poor’s 500 finished the day down a scant 0.09%. The Dow Jones Industrial Average was up 0.04%. The NASDAQ Composite was ahead 006$% and the Russell 2000 small cap index dropped 0.55%. The iShares MSCI Emerging Markets ETF ended the day higher...
January 29, 2020 @ 7:31 pm | Breaking News |
The bad news: The official death toll in China from coronavirus has risen to 132 with 5,974 cases confirmed of people infected with the virus. The number of patients infected now exceeds that in the SARS pandemic of 2002-2003. The death toll, thankfully, is much lower...
January 28, 2020 @ 8:13 pm | Breaking News, Jubak Top 50 Portfolio, Sell, Volatility, ZNH |
Airline stocks have been among the hardest hit equities in the coronavirus selling. As the biggest airline in China and indeed in all of Asia China Southern Airlines (ZNH) has sold off especially quickly. The New York traded ADRs sold at $35.41 on January 14 and were...
January 28, 2020 @ 7:59 pm | Breaking News |
U.S. stocks are up today with the Standard & Poor’s 500 climbing 1.19% as of noon New York time and the Dow Jones Industrial Average ahead 0.90%. The NASDAQ was higher by 1.49% but the small cap Russell 2000 slipped 0.20%. The iShares MSCI Emerging Markets...
January 28, 2020 @ 7:53 pm | ABBV, Breaking News, Dividend Income Portfolio |
Yesterday when the market was a sea of red, shares of AbbVie (ABBV) were a small beacon of green. Today when, as of 3:40 p.m. most of the market is green, AbbVie is a small spark of red. What’s up? AbbVie was higher yesterday on speculation that a cocktail of...
January 27, 2020 @ 6:51 pm | Breaking News |
The news from China and about the coronavirus continues to get worse. The death toll has climbed to 82, and at least 2,800 cases have been reported in China. And it doesn’t look like the outbreak has been contained with health experts questioning the efficacy of...
January 24, 2020 @ 7:41 pm | Breaking News |
China has clamped travel restrictions on 40 million people on the eve of the Lunar New Year’s holiday in an effort to contain an outbreak of a respiratory virus that has killed at least 39 people in the country. France has reported the first two cases in Europe...
January 23, 2020 @ 7:48 pm | Breaking News |
France and the United States have struck what the Trump administration and the French government are billing as a global framework for digital taxation that avoids a transatlantic trade war (according to French Finance Minister Bruno Le Maire.) But like the Phase 1...
January 23, 2020 @ 7:43 pm | Breaking News |
On Tuesday after the close of trading Netflix (NFLX) smashed through fourth quarter projections by adding 8.76 million subscribers globally in the quarter. That easily beat analyst estimates for the quarter of 7.9 million new subscribers. For the quarter earnings came...
January 22, 2020 @ 7:48 pm | AAPL, Breaking News, Jubak Top 50 Portfolio |
There’s no official announcement from Apple yet, but iPhone assemblers including Hon Hai Precision Industry, Pegatron, and Wistron, are planning to begin producing a new lower-cost iPhone in February. Apple is expected to official announce the new phone in...
January 21, 2020 @ 7:47 pm | Breaking News, Volatility |
News that a mysterious respiratory virus in China has infected medical workers, a sign that the virus has entered a new phase wherein it spreads from person to person, rocked Asian financial markets today. The death toll has climbed to six and China today raised the...