Where’s Xi? “People” are starting to wonder if his absence is a sign that the outbreak is still not under control
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...
The huge market for Beyond Meat? Chicken nuggets and processed food
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...
Markets climb–it looks like short-covering to me
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...
Shanghai stocks close 7.72% lower; damage today is limited to China holiday catch up
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...
Shanghai down 9% in early Monday trading; drop is worse than expected
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...
Citigroup forecasts coronavirus will hit China GDP hard with growth to slow to 4.8% in first quarter
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...
Beijing tries to control Shanghai downside drop on Monday
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...
Does history point to a 6% drop when Shanghai Stock Exchange reopens on Monday?
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...
Apparently no U.S. investor or trader wants to hold over the weekend
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...
Tomorrow will be pivotal day for short-term momentum
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...
GDP up at 2.1% rate in 4th quarter but weakness emerges (or continues) in the numbers
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...
Gold in ETFs nears record; what’s next for the yellow metal?
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...
Today earnings and coronavirus news battled to a draw in the U.S. stock market; tomorrow?
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...
One tiny bit of good news as coronavirus toll continues to mount
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...
I think today is just a pause in the China-coronavirus selling; I’m selling China Southern Airlines out of my 50 Stocks Portfolio today on the bounce.
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...
To me today reads like a trading bounce–news on corona virus spread takes a very bad turn
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...
Buying AbbVie today for my Dividend Portfolio with its 5.62% yield
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...
No end to selling as coronavirus news, profit-taking drive downward move today
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...
Financial markets today all about spread of the coronavirus
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...
Does Trump’s digital tax deal with France sound familiar?
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...
Down 3.58% yesterday; up 7.24% today–what does Netflix’s volatility mean for sellers or buyers?
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...
Apple suppliers gear up for cheaper iPhone for March
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...
Stocks fall, Treasuries climb on signs that respiratory virus in China is now spreading person to person
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...
#3 of my four “Not so easy pieces” for rebalancing my long-term 50 Stocks Portfolio: My four buys
In my most recent Special Report: When to sell: What to sell on my JubakAM.Com subscription site I recommended that any current rebalancing build up some cash. To implement that cash-building strategy, when you sell to rebalance a portfolio for 2020, buy fewer stocks...
With a China trade truce in place, the U.S.-European trade war moves to front burner
Well, that certainly didn’t take long. With the ink barely dry on the Part 1 trade agreement between the United States and China, the European Union said that the deal could violate the rules of the World Trade Organization. EU Trade Commissioner Phil Hogan said...
Adding Bargain Pick #11 Wesco International to Jubak Picks
Last night, I made Wesco International (WCC) my #11 Pick for my Special Report: 12 Bargain Stock Picks NOW on my Jubak.com subscription site. Today I’m adding Wesco International to my Jubak Picks Portfolio. As the market continues to climb to new records,...
Good news in yesterday’s U.S.-China trade deal for Visa, MasterCard, and American Express
Yesterday, the day of the announcement of the Part 1 trade deal between the United States and China, shares of Via (V) climbed 1.91%. MasterCard (MA) gained 1.16%. American Express rose 0.79%. On a day when the Standard & Poor’s 500 fell 0.15% and the Dow...
Now that the U.S. and China have signed that Part 1 trade deal, let the second guessing begin
The United States and China signed a Part 1 trade deal today that contained little in the way of positive surprises and an expected lack of detail. As analysts and economists struggled to fill in the blanks, much of the deeper dive wound up stressing the negatives in...
FDA and Nektar both shock on company’s opioid drug candidate; I’d buy more on weakness
Yesterday an advisory joint committee at the U.S. Food & Drug Administration voted to reject Nektar’s application for its new non-addictive opioid NKTR-181. The thinking–my thinking–was that the committee had structured the vote so that the most...Jim’s Daily Email Alerts:
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