Nektar’s new non-addictive opioid NKTR-181 to finally get an FDA advisory vote tomorrow
I understand why the U.S. Food & Drug Administration has moved so slowly on a decision on Nektar Therapeutic’s (NKTR) new non-addictive opioid NKTR-181. The last thing the FDA wants to do in the midst of epidemic of opioid addiction is to approve a drug...
The Trend is strong, it is–at least for the next two weeks
Today has continued a pattern that emerged last week. With the odds improving that the United States and China will sign a Part 1 trade agreement on Wednesday (or so), the risk on, momentum stocks that led the market in 2019 have reasserted their leadership....
Bet you’ve forgotten: Earnings season starts next week with the big banks
What with everything going 0n, I wouldn’t be surprised if the start of earnings season next week has slipped your mind. Reports of fourth quarter earnings are actually fairly important this year because stocks trade near all time highs and estimates say that...
U.S. economy adds 145,000 jobs in December, misses economist forecasts
The U.S. economy added 145,000 jobs in December That did set a record of 10 years of job growth for the economy. But the 145,000 job growth in December was below the 256,000 added in November and below the 160,000 expected by economists surveyed by Bloomberg. (I would...
Another debt warning from the World Bank–and it won’t be the last
Today in its semi-annual report Global Economic Prospect, the World Bank warned, again, of the risk of a new global debt crisis as a result of the biggest buildup in borrowing  in the past 50 years. Of the four waves of debt accumulation since the 1970s, the current...
iPhone sales in China show double-digit growth in December
Apple’s iPhone shipments in China grew 18.7% year over year in December to roughly 3.18 million units, according to Bloomberg. (Bloomberg’s calculations are based on data from the China Academy of Information and Communication Technology, a government...
Here’s why I made Johnson Controls #9 in my 12 Bargain Stock Picks NOW
Today, January 8, I made Johnson Controls stock pick #9 in my Special Report: 12 Bargain Stock Picks NOW on my JubakAM.com subscription site. If you haven’t looked at Johnson Controls in a while, but you used to follow the stock, today even a glance will show...
Market says U.S.-Iran crisis is over–for a day, anyway
After last night’s Iranian attack on the U.S. troops stationed at two Iraqi airbases and a relatively restrained morning message from U.S. President Donald Trump, financial markets have decided to take profits in oil and cybersecurity stocks today. And wait for...
Beyond Meat stock pops on news that might mean Impossible Burger is out of the running at McDonald’s
Shares of Beyond Meat (BYND), the maker of a plant-based burger, jumped 12.47% today, on news that investors and traders took to mean that competitor Impossible Foods is out of the running to supply plant-based burgers to McDonald’s (MCD). Impossible Foods CEO...
Norway’s Equinor oil company invests in Bill Gates’ cobalt mapping startup
Norwegian oil company Equinor (EQNR) has decided to take a 10% stake in start-up Kobold Metals. Kobold’s aim is to apply artificial intelligence to big subsurface data to create what it calls a “Google Maps” of the Earth’s crust that will...
U.S. service economy keeps roaring ahead in latest ISM survey
The U.S. manufacturing sector may be in deep and continued contraction, but according to the Institute for Supply Management’s Purchasing Managers Non-manufacturing Index, the U.S. service sector–the bulk of the U.S. economy–hit a four-month high in...
Reporting 2019 (+21.19%) and 2018 (-8.22%) performance on long-term 50 Stocks Portfolio
Before I move onto looking at future buy and sells for this long-term portfolio, let me take a look at where the 50 Stocks Portfolio has been over the last two years. It makes some sense to treat your portfolio returns for 2018 and 2019 as one giant two year period...
Oil is up but cyber security stocks up more on Iran crisis
As of 2 p.m. New York time today, January 6, U.S. crude benchmark West Texas Intermediate was up 0.17% to $63.16 a barrel. Â International benchmark Brent crude was ahead 0.34% to $68.83 a barrel. Both increases came on worries that Iran’s retaliation for the...
China almost confirms January 15 deal signing
It’s not exactly a confirmation of President Donald Trump’s announcement that the Part 1 trade deal would be signed between the United States and China at the White House on January 15. But China has scheduled a high-level trade delegation for  travel to...
The first of four not so easy pieces for rebalancing any portfolio but specifically my long-term 50 Stocks Portfolio
In an ideal world, every stock market trend–up, down, sideways–would begin on January 1 and end on December 31. That would make an annual rebalancing of any portfolio as easy as falling off a madly spinning log in a Canadian logging festival. Most market...
Stocks start 2020 in melt-up mood
We’ve seen this before. And investors and traders seem determined to keep a good thing going–until it doesn’t work anymore. Today, January 2, the first trading day in the new year for U.S. markets, stocks were off to the rally races again. The...
Happy New Year!
3,2,1. The ball drops and we’ve all moved from 2019 to 2020. May the new year bring all the best to you and yours. Thanks for reading in 2019 and I’ll see you in 2020. Jim Jubak
2019 goes out with a hurrah!
Yesterday, December 31, all 11 of the sectors that make up the Standard & Poor’s 500 closed higher for the year. That’s the first time that’s happened since 2010. For the year the S&P 500 itself gained 29%. The Dow Jones Industrial Average...
A lot of data for a short holiday week
Trading volumes will be low and investors attentions will be focused elsewhere than the financial markets, but this is a week with a surprising amount of market news. Tomorrow, Tuesday December 31, China announces the official Purchasing Managers Index for...
More stimulus on the way in China
It looks like looser monetary policy is on the way in China for 2020. Chinese Premier Li Keqiang said Monday the government will study further cutting bank reserve requirements in 2020. It’s a good bet that the Premier would have raised the possible policy...
U.S. consumers deliver the sugar plums for holiday shopping
Amazon (AMZN) reported today, December 26, that the holiday shopping season broke records for the company this year. Among other high-lights five million new customers started Prime free trials or paid memberships globally, and the number of items delivered with...
Tariff news from China today should be enough to feed rally in holiday markets
We’ve got two short weeks coming up–since the New York markets are closed this week for Christmas and next week for New Year’s–when trading volumes shrink and it doesn’t take much in the way of news to move stocks up or down. I think we...
Lions Gate Entertainment up 8.27% today on Comcast news
Comcast NBCUniversal and Lions Gate Entertainment (LGF-A) have settled their differences. Comcast (CMCSA) will continue to carry Lions Gate’s STARZ and STARZ Encore channels on its Xfinity TV platform nationwide and NBCUniversal’s Peacock streaming service will...
India’s central bank flashes warning sign for all global financial markets
Of course, the Reserve Bank of India didn’t mean to issue a warning to all global financial markets. The minutes of the central bank’s December 3-5 meeting, released today, focus on the need to hold its benchmark interest rate at 5.15% after delivering 135...
Danaher and Nvidia get European Union approval for big acquisitions
Looking at the history of intense scrutiny and strict conditions for winning approval, no U.S. technology company can take approval from European Union regulators on a big deal for granted. That’s why the news from regulators on acquisitions planned by Danaher...
IMF raises China growth forecast on announcement of Part 1 U.S.-China trade deal
The new head of the International Monetary Fund, Kristalina Georgieva, has told China’s Caixin Global news service, that she expects the Part 1 agreement to boost China’s GDP growth to 6% in 2020. That would be an increase from the IMF’s previous...
Adding General Motors to my Jubak Picks Portfolio
Yesterday, December 16, I made General Motors (GM) Bargain Pick #7 in my Special Report: 12 Bargain Stocks Picks NOW. (That Special Report is available to subscribers to my JubakAm.Com paid site.) And I also added it to my Jubak Picks portfolio. On the bargain front,...
Service Master: Another global warming stock pick for my long-term 50 Stocks portfolio
There I was minding my own business reading “Invasive termites in a changing climate: A global perspective” by Grzegorz Buczkowski and Cleo Bertelsmeier (of Purdue University and University of Lausanne, respectively) Â when I got to the maps and a stock...
The markets say “Happy Holidays!”
This morning it doesn’t matter that the Part 1 U.S.-China trade agreement isn’t signed and that we don’t have more than the bare, vague outlines of the deal. This morning it doesn’t matter that the smashing Conservative Party victory in the...Jim’s Daily Email Alerts:
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