November 2, 2018 @ 7:38 pm | Breaking News, Volatility, You May Have Missed |
News reports that President Donald Trump has ordered staff to prepared a potential trade offer ahead of his talks with China’s president Xi Jinping on November 30-December 1 sent Asia markets and currencies soaring in the overnight session. U.S. stocks and bonds...
November 1, 2018 @ 7:48 pm | Breaking News, Buy, CRM, Jubak Picks Portfolio |
My apologies that I didn’t get this post up last night but I had a short, strange, and very scary attack of vertigo at the end of my working day and missed that deadline. Everything seems to be fine today so here’s the post. When I added Salesforce.com...
November 1, 2018 @ 7:38 pm | Breaking News, Volatility, You May Have Missed |
This morning at least a tweet from President Donald Trump is the most important factor moving U.S. stocks higher. In his tweet President Trump said he had had a productive conversation with Chinese President Xi Jinping on trade. Â “Those discussions are moving...
October 30, 2018 @ 7:41 pm | Breaking News, FB, Jubak Top 50 Portfolio, Update |
It really, really helps if lots of traders and investors hate your stock going into earnings. Then you can, as Facebook (FB) did today, announce quarterly results that fall short on revenue ($13.73 billion versus consensus projections for $13.8 billion), and daily...
October 30, 2018 @ 7:05 pm | Breaking News, Volatility, You May Have Missed |
Amazing what important financial news can get pushed off the front page these days. On Monday the drop of even more U.S. indexes into correction territory and reports that the White House was teeing up new tariffs on another $250 billion in Chinese goods pushed truly...
October 29, 2018 @ 7:39 pm | Breaking News, Volatility, You May Have Missed |
Monday, October 29, started off with a technology-led rally. As of 10:04 a.m. New York time the Standard & Poor’s 500 was up 1.81% and the technology-heavy NASDAQ Composite was higher by 1.75%. And then Bloomberg reported that the Trump administration was...
October 29, 2018 @ 6:41 pm | ALV, Breaking News, Jubak Picks Portfolio, Update, You May Have Missed |
Before the market open today, Autoliv (ALV) delivered disappointing earnings for the third quarter. But the stock still climbed on news that China is considering cutting the tax on car purchases to 5% from 10% in an effort to stimulate the country’s auto market...
October 29, 2018 @ 6:34 pm | Breaking News, Dividend Income Portfolio, GE, Sell, You May Have Missed |
General Electric (GE) is scheduled to finally report third quarter earnings tomorrow. Wall Street is looking for earnings per share of 20 cents for the quarter on revenue of $29.94 billion. I’m expecting that new CEO Lawrence Culp, the former CEO of Jubak Picks...
October 26, 2018 @ 6:05 pm | Breaking News, Volatility, You May Have Missed |
The major U.S. indexes opened the day strongly lower on disappointing earnings news and guidance from Amazon (AMZN) and Alphabet (GOOG) after the market close yesterday. But the markets reversed in the morning–the low for the day for the Standard &...
October 26, 2018 @ 2:34 pm | Breaking News, Volatility, You May Have Missed |
Real GDP (that is GDP discounting any gains from inflation) increased at an annualized rate of 3.5% in the third quarter. Economists surveyed by Briefing.com were looking for 3.3% growth rate. In the second quarter GDP grew at an annualized rate of 4.2%. Big driver in...
October 25, 2018 @ 6:35 pm | Breaking News, Volatility, You May Have Missed |
So many trends get packed into the last three months of the year–and you shouldn’t forget about any of them when it comes to buying and selling. (You’ll find lots of information on these and other calendar trends in the Stock Trader’s Almanac...
October 25, 2018 @ 6:19 pm | AMZN, Breaking News, Jubak Top 50 Portfolio, Volatility |
Shares of Amazon (AMZN) climbed 7.09%, 117.97 points, in the regular session today on hopes for a good earnings report after the market close. The company delivered an earnings beat for the current quarter, reporting earnings of $5.75 a share, $2.66 better than the...
October 23, 2018 @ 7:57 pm | Breaking News, Volatility, You May Have Missed |
Red, red, red everywhere today. Caterpillar (CAT) and 3M (((MMM) disappointed on guidance. China and Europe sold off. As did the financial sector with the Financial Select Sector SPDR ETF (XLF) falling 0.77% to $25.90 to break or at least test support. And, then, as...
October 22, 2018 @ 7:54 pm | Breaking News, Volatility, You May Have Missed |
Friday’s disappointing GDP report did goad China’s government to action to support the stock market and the economy, as I wrote that it would in my Friday post. Words from Chinese President Xi Jinping helped continue the surge in Chinese stock prices off a...
October 19, 2018 @ 7:52 pm | Breaking News, INCY, Jubak Picks Portfolio, Update |
Shares of Incyte  (INCY) climbed 2.51% today on the announcement of positive results from a Phase 2 clinical trial, GEOMETRY mono-1, evaluating MET inhibitor capmatinib in 94 adult patients with advanced non-small cell lung cancer. The company presented the data at...
October 19, 2018 @ 7:48 pm | Breaking News, Jubak Top 50 Portfolio, PYPL, Update |
PayPal Holdings (PYPL) closed up 9.42% today to $84.78 on third quarter earnings, announced after the close yesterday, that beat Wall Street projections. Analysts had expected 54 cents a share against a report of 58 cents a share. Revenue of $3.68 billion beat the...
October 18, 2018 @ 6:42 pm | Breaking News, Volatility |
What started off as a minor pull back on worries over interest rate policy at the Federal Reserve in light of yesterday’s release of minutes from the central bank’s September 26 meeting has turned into a more serious sell off on news that U.S. Treasury...
October 18, 2018 @ 6:35 pm | Breaking News, Volatility, You May Have Missed |
Reading the fine print is good advice when it comes to minutes from meetings of the Federal Reserve’s Open Market Committee too. So far today, October 18, the financial markets are in a slight retreat because of notes released yesterday along with the minutes of...
October 16, 2018 @ 11:07 pm | Breaking News, Volatility, You May Have Missed |
After the market close yesterday, October 16, Netflix (NFLX) announced third quarter earnings of 89 cents a share, a huge 21 cents a share above Wall Street projections. Revenues climbed 34% year over year to $4 billion against analyst estimates of $3.99 billion. The...
October 15, 2018 @ 7:54 pm | Breaking News, Volatility |
If the market were inclined to sell off today, it could have found plenty of reasons. Under the heading of one-off scary stuff, I’d put:Â Continued tensions between the Saudis and just about everyone else over allegations–which look to be true–that...
October 12, 2018 @ 7:25 pm | Breaking News, Volatility, You May Have Missed |
An extremely volatile day–but the market held most of its gains into the close–and that’s important if you’re trying to figure out whether we’ve seen the last (for a while, at least) of this week’s selling. Let’s take a look...
October 12, 2018 @ 7:17 pm | Breaking News, Volatility, You May Have Missed |
Earnings from Citibank (C), JPMorgan Chase (JPM), and Wells Fargo (WFC looked solid this morning but the more the market thought about them the more disappointed it got. The Financial Sector Select SPDR ETF (XLF) was up 1.6% in the early going but as of 2:30 p.m. New...
October 11, 2018 @ 4:54 pm | Breaking News, Volatility |
A Big Bad Wolf market? A Sauron market? An Evil Stepmother market? The reaction to this morning’s inflation report suggests me might need a name for this kind of market. The worry, my worry, going into today’s Consumer Price Index (CPI) inflation report...
October 10, 2018 @ 7:53 pm | Breaking News, Volatility |
At 3:30 p.m. New York time the Dow Jones Industrial Average was down a big 2.39% or 632 points. The Standard & Poor’s 500 was lower by 2.55%. The NASDAQ Composite Index fell 3.16%. (The S&P 500 closed down 3.29%. The Dow was lower by 832 points or...
October 10, 2018 @ 7:39 pm | Breaking News, EQNR, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD, Volatility |
Today’s drop in oil prices looks to me to be a classic buy on the rumor sell on the fact trade. U.S. benchmark West Texas Intermediate dropped 2.81% today to $72.85. International benchmark Brent crude fell 2.68% to $82.72 a barrel. Yesterday oil moved up as...
October 9, 2018 @ 7:50 pm | Breaking News, EQNR, FANG, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PXD, Update, Volatility, You May Have Missed |
U.S. benchmark West Texas Intermediate crude climbed 0.7% today to close at $74.81 a barrel. International benchmark Brent crude rose 1.23% to $84.94 a barrel. The International Energy Agency warned of what it termed a “risky situation; the oil markets are...
October 9, 2018 @ 7:42 pm | Breaking News, Volatility, You May Have Missed |
Just what we need: More worries about global growth. Last night the International Monetary Fund (IMF) cut its forecast for global economic growth to 3.7% in 2018 and 2019. In its last forecast three months ago the IMF had projected that the global economy would grow...
October 8, 2018 @ 7:35 pm | Breaking News, Jubak Picks Portfolio, NKTR, Update, Volatility |
The longs and the shorts continue to battle over Nektar Therapeutics (NKTR.) Right now the shorts have the best of that fight. No contest. The shares of this biotech fell another 1.24% today to close at $51.71. A little more than a month ago they were at $68.49. But I...
October 8, 2018 @ 6:59 pm | Breaking News, Volatility |
Actually, considering the list of fears today, it’s kind of remarkable that the U.S. stock market hasn’t fallen farther. (The U.S. bond market is closed for the Columbus Day holiday.) In the EuroZone the confrontation between the Italian government and the...
October 5, 2018 @ 7:59 pm | Breaking News |
The U.S. trade deficit in goods and services widened in August by 6.4% to $53.2 billion from $50 billion in July. That’s the biggest trade deficit in six months. The trade deficit with China rose to a record $38.6 billion from $36.8 billion in July. The trade...