August 13, 2019 @ 7:57 pm | Breaking News, Jubak Picks Portfolio, NKTR, Volatility |
What we know about Nektar Therapeutics (NKTR) is pretty clear. On Thursday of last week, August 8, trading in shares of Nektar were halted on news from the company had manufacturing problems that resulted in some patients enrolled in the clinical trials for the...
August 12, 2019 @ 7:42 pm | Breaking News, Volatility, You May Have Missed |
The United States has called China a “thuggish regime” after the country labelled a U.S. diplomat who met with Joshua Wong, a Hong Kong pro-democracy activist, a “black hand.” Along with charges that the meeting showed the United States was...
August 12, 2019 @ 7:35 pm | Breaking News, Buy |
Brazil’s central bank released a key gauge of economic activity today that signaled that it’s likely Brazil fell into recession in the second quarter. The country’s economy activity index, which is a proxy for gross domestic product, fell 0.13% in the...
August 9, 2019 @ 7:48 pm | Breaking News, Jubak Picks Portfolio, SEDG, Update |
Wednesday, August 7, SolarEdge Technologies (SEDG) reported second quarter revenue of $325 million, up 43% from the second quarter of 2018 and ahead of analyst projections of $315.5 million in revenue. Adjusted earnings rose 15% year over year to 94 cents a share,...
August 9, 2019 @ 7:40 pm | Breaking News, You May Have Missed |
This morning President Donald Trump said that talks with China planned for next month could be called off. “We’ll see whether or not we keep our meeting in September,” Trump said as he left the White House for a fundraiser in the Hamptons. “If we do, that’s fine. If...
August 8, 2019 @ 7:59 pm | Breaking News |
U.S. stocks rallied strongly today, Thursday, August 8, after the People’s Bank of China set its daily reference rate for its currency at 7.0039 to the dollar. That was stronger than the 7.0156 yuan to the dollar overnight estimate of 21 analysts and trader...
August 7, 2019 @ 7:20 pm | Breaking News, Volatility |
Shares of Apple (AAPL) climbed 0.21% to lead the Technology Select Sector SPDR ETF (XLK) higher by 0.40% as of 2 p.m. trading in New York. That helped disguise what is otherwise a return to the risk off trading of Monday after Tuesday’s rally–although with...
August 7, 2019 @ 7:14 pm | Breaking News, Volatility |
More tweets today from President Donald Trump in his campaign to pressure the Federal Reserve into more aggressive cuts to interest rates. “Incompetence is a terrible thing to watch, especially when things could be taken care of sooo easily. We will WIN anyway,” the...
August 6, 2019 @ 7:22 pm | Breaking News, Volatility, You May Have Missed |
Stocks rallied today on signs that the People’s Bank intends to deliver an orderly drop in China’s currency. This morning the yuan traded slightly above the critical 7 yuan to the dollar currency band. And the bank said it will sell $4.2 billion in yuan...
August 5, 2019 @ 7:38 pm | Breaking News, Volatility, You May Have Missed |
For the last few weeks I’ve been working to shift gears in my online portfolios in anticipation of a tougher market after the Federal Reserve meeting (and a likely additional interest rate cut) on September 18. I’ve added Treasury ETFs–the Vanguard...
August 5, 2019 @ 7:13 pm | Breaking News, Volatility, You May Have Missed |
It would be unwise to assume that today’s retaliation by China is the last tit for tat in the U.S.-China war. What “reasonable” fears are making rounds today? That the Chinese decision to let the yuan break the 7-yuan-to-the-dollar barrier...
August 5, 2019 @ 7:07 pm | Breaking News, Volatility, You May Have Missed |
We suspend our usual programming to cover the developing financial market and likely economic reaction to China’s decision to let the yuan tumble in retaliation to President Donald Trump’s decision last week to place a 10% tariff on an additional $300...
August 2, 2019 @ 7:31 pm | Breaking News |
The U.S. economy added 164,000 jobs in July. That’s down from the 193,000 jobs added in June (revised down from an initial 224,000) and slightly higher than the 160,000 jobs forecast by economists surveyed by Briefing.com. At 3.7% the headline unemployment rate...
August 1, 2019 @ 7:28 pm | Breaking News, Volatility, You May Have Missed |
So much for any hopes that the resumption of U.S-China trade talks would put an end to the tariff war in anything like the near term. The new round of talks only began on Wednesday, was adjourned after a day, and was scheduled to resume in Washington in September....
August 1, 2019 @ 7:21 pm | Breaking News, Volatility, You May Have Missed |
Can you connect the dots? No one in Washington seems to be willing to make the effort. On a day when the Federal Reserve said it would cut its benchmark interest rate by 25 basis points and end its efforts to sell some of the bonds in its own portfolio two months...
July 31, 2019 @ 7:51 pm | Breaking News, Dividend Income Portfolio, Volatility, You May Have Missed |
Today the Federal Reserve’s Open Market Committee cut the Fed’s benchmark interest rate by 25 basis points. That’s pretty much what the financial markets had been expecting–although a sizable minority of investors and traders had been hoping...
July 26, 2019 @ 7:52 pm | Breaking News, Jubak Picks Portfolio |
Way back last Friday, July 19, in my Friday Trick or Trend post on my subscription JubakAM.com site, I argued for adding silver to a portfolio because 1) it is a good hedge for portfolios in the second half of 2019, and because 2) silver, after lagging gold for the...
July 26, 2019 @ 7:44 pm | Breaking News, Volatility, You May Have Missed |
The U.S. economy grew at a seasonally adjusted annual rate of 2.1% in the second quarter, the Bureau of Economic Analysis reported this morning. Economists surveyed by Briefing.com had projected that year over year growth in GDP would fall to 1.8%. So today’s...
July 25, 2019 @ 6:42 pm | Breaking News, Volatility |
U.S. stocks paused as expected today ahead of tomorrow’s initial report on growth in U.S. GDP for the second quarter. Economists surveyed by Briefing.com are expecting that GDP growth dipped to 1.8% year over year in the quarter, down from 3.1% in the first...
July 24, 2019 @ 7:59 pm | Breaking News |
Boeing (BA) shares fell today, dropping 3.12% at the close, after the company reported a massive quarterly loss and said that the production schedule (moving the first flight date to early 2020 from earlier guidance for late 2019) for its newest plane, the 777x, could...
July 24, 2019 @ 7:54 pm | Breaking News |
Caterpillar (CAT) reported second quarter earnings this morning of $2.83 a share, well below the $3.11 a share expected by Wall Street analysts. And then, to make the future as grim as the present, Caterpillar rearmed its earnings guidance for the fiscal 2019 year of...
July 23, 2019 @ 6:59 pm | AAPL, AMZN, Breaking News, FB, GOOG |
According to the Wall Street Journal this afternoon, the Justice Department is opening a broad antitrust review into whether dominant technology firms are unlawfully stifling competition. “The new antitrust inquiry is the strongest signal yet of Attorney General...
July 22, 2019 @ 6:47 pm | Breaking News, Volatility, You May Have Missed |
The White House and congressional Democrats are nearing a deal to raise the debt ceiling for two years and fund the government, CNBC, the Wall St Street Journal and other sources are reporting today. The deal would suspend the debt ceiling limit for two years and put...
July 22, 2019 @ 6:39 pm | Breaking News, Jubak Picks Portfolio, MSFT |
Technology stocks drove the market higher today in an expansion of last week’s subdued but important “Microsoft rally” on that company’s earnings. With earnings from Facebook (FB), Alphabet (GOOG), and Amazon (AMZN) on tap on Wednesday and...
July 19, 2019 @ 7:56 pm | Breaking News, Volatility, You May Have Missed |
It’s not just the huge miss on subscriber growth that has sent shares of Netflix (NFLX) plunging in the two days since it reported second quarter earnings. The stock fell 10.27%, or $37.23 a share, on July 18 and it was down another 1.87% today as of 2 p.m. New...
July 19, 2019 @ 7:51 pm | Breaking News |
Add Thursday’s remarks by New York Fed President John Williams to those of Fed chair Jerome Powell back in December and the record shows this team at the Fed is the “Gang that Couldn’t Talk Straight.” In December Powell sent the markets...
July 17, 2019 @ 7:27 pm | Breaking News, Volatility, You May Have Missed |
According to Dow Theory the transportation index leads the Dow Jones Industrial Average higher and lower. A divergence between a climbing Dow Industrial Average and a falling Down Jones Transportation Average (DJTA) is an indicator of trouble to come. And that...
July 16, 2019 @ 7:55 pm | Breaking News, Buy, Jubak Top 50 Portfolio |
Today I’m making Tyson Foods (TSN) the fifth and final value pick in my Special Report 5 Value Stocks for a Market at an All-time High.That Special Report ran on my subscription JubakAM.com site. And I’m adding the shares to my long-term 50 Stocks...
July 16, 2019 @ 7:47 pm | Breaking News, Volatility |
At a cabinet meeting today President Donald Trump wanted to remind everyone that he could still impose additional tariffs on Chinese imports if he wants. The President also expressed impatience that the truce in the trade war with China hadn’t yet resulted in a...
July 15, 2019 @ 7:48 pm | Breaking News, Volatility, You May Have Missed |
Of course, we can’t trust China’s official GDP statistics. Government economists cook the books so that China’s growth stays within the goals set by the country’s leaders every year. But investors should pay attention to the trend. And this...