October 19, 2022 @ 9:40 pm | Breaking News |
The two-day bounce in U.S. stocks stalled today. The Standard & Poor’s 500 closed down 0.67% and the NASDAQ Composite was down 0.40%. Why? Increased sentiment that the Federal Reserve will raise its target short-term interest rate by a hefty 75 basis points...
October 18, 2022 @ 7:07 pm | Breaking News, Buy Hold Sell |
After the close today, Octob er 18, Netflix (NFLX) reported fiscal third-quarter earnings that beat Wall Street projections and added far more subscribers than analysts had expected. After falling 1.73% in the regular session, the stock added 14.02% in after-hours...
October 5, 2022 @ 7:39 pm | Breaking News, Buy Hold Sell |
At the moment 3,800 on the Standard & Poor’s 500 is the place the market wants to be. Tumble toward 3,600 and the June low, and the market rallies as it did on Monday. Threaten to dip much below that 3,800 level as the market did today and stocks move back...
September 22, 2022 @ 7:17 pm | Breaking News |
One of the oddest things about yesterday’s reaction to news from the Federal Reserve of a 75 basis point increase in interest rates was that the market initially rallied. Yesterday, September 21, from 3801 at 10:25 a.m.New York time, the Standard &...
September 12, 2022 @ 12:32 pm | Breaking News, Buy Hold Sell |
All attention on Tuesday morning’s report of Consumer Price Index inflation for August. It is likely to drive stocks higher in a continuation of Friday’s advance. But the report will not change the Federal Reserve’s mind about increasing interest...
September 8, 2022 @ 5:00 pm | Breaking News |
The swings today, September 8, are a good reminder of how volatile this market is. The Standard & Poor’s 500 broke to the upside with a gain of 0.80% as of 11:20 New York time. Then, with Fed chair Jerome Powell emphasizing the central bank’s...
August 19, 2022 @ 7:43 pm | Breaking News, Buy Hold Sell |
The Standard & Poor’s 500 fell 1.29% at the close today, August 19. The NASDAQ Composite dropped 2.01%. The small-cap Russell 2000 lost 2.17%. The drop in the S&P was the biggest daily decline since June and it took that index to its first weekly loss...
August 16, 2022 @ 10:23 pm | Breaking News |
Let me be clear where I’m coming from. I think we’re still in a Bear Market and that the rally that has been in place since July is a Bear Market rally. In that context, what I’m falling the FOMO rally, the Fear Of Missing Out rally that has driven...
August 15, 2022 @ 10:20 pm | Breaking News |
Welcome back FOMO. That’s Fear of Missing Out. We’ve seen this one before. With stocks up, and showing signs of moving higher, investors who sought safety on the sidelines find they can’t take the pain anymore of watching other investors and traders...
August 11, 2022 @ 7:17 pm | Breaking News |
It didn’t take long. The pixels were barely dry on yesterday’s CPI inflation report–headline inflation fell to a year-over-year rate of 8.5% in July from 9.1% in June–before members of the Federal Reserve warned that the stock market rally on...
August 10, 2022 @ 2:48 pm | AMD, Breaking News, DAL, Jubak Picks Portfolio, MLM |
Despite today’s CPI inflation bounce and the continuation (flagging but still in business) of July’s Bear Market rally, my goal is still to sell into rallies. I don’t think this Bear Market is over and done with. I see another down leg when investors...
August 1, 2022 @ 7:17 pm | Breaking News, Jubak Picks Portfolio |
I ended my recent post “This looks like the Bear Market rally I’ve been waiting for” on my subscription JubakAM.com site by saying “Enjoy the ride but look to sell shares of companies that look most exposed to the return of recession/high...
August 1, 2022 @ 7:00 pm | Breaking News |
My one-hundred-and-sixty-second YouTube video “Earnings Not as Bad as They Could Be” went up today. Microsoft (MSFT) serves as my example. We’re seeing some companies that, despite very meager earnings growth, give investors the impression that...
July 29, 2022 @ 7:29 pm | Breaking News |
After looking like it was over earlier in the week with a significant pull back on Tuesday, July 26, stocks have rallied in the last two days, gaining 3.85% by the Thursday, July 28 close from that Tuesday low. And right now all the ducks are lined up in a row for a...
June 16, 2022 @ 4:32 pm | Breaking News, Jubak Picks Portfolio, UNG, WEAT |
Yesterday, the stock market was up with the Standard & Poor’s 500 gaining 1.46% on the day and the NASDAQ Composite up 2.49%. Listening to the Federal Reserve’s policy statement after the June 15 meeting of its Open Market Committee, Wall Street chose...
June 15, 2022 @ 9:38 pm | Breaking News |
My one-hundred-and-forty-fifth YouTube video “Fed Hikes Make the Market Happy” went up today. The Federal Reserve raised interest rates by 75 basis points today–instead of the 50 points so widely expected just weeks ago–and stocks rallied....
June 14, 2022 @ 3:27 pm | Breaking News |
I know this seems bass-ackwards. Stocks have spent two days in a vigorous sell off because of fears of higher interest rates and worries, after Friday’s surprise surge in CPI inflation to an 8.6% annual rate in May, that the Fed might decide to raise interest...
May 27, 2022 @ 5:32 pm | Breaking News, Jubak Top 50 Portfolio |
On Tuesday, Snap (SNAP) fell 43.08% as the company lowered guidance for the remainder of 2022. On Thursday, the shares were just 4.59%. At today’s close of $14.81 they’re still trading well below the 50-day moving average of $29.86. Should you chase them...
May 23, 2022 @ 10:54 pm | Breaking News |
Looking for the bottom on this plunge or bear market (true bear in the NASDAQ and near bear market in the Standard & Poor’s 500)? Despite the pain we’re all feeling in our portfolios, I think we’ve got a way to go. I base that conclusion on both...
May 23, 2022 @ 10:47 pm | Breaking News, Jubak Top 50 Portfolio, NVDA |
The most important indicator of market direction and sentiment this week will be Nvidia’s (NVDA) earnings report for the quarter that ended in April on Wednesday, May 25. Wall Street analysts and expect earnings of $1.09 a share. (That’s the consensus. The...
May 17, 2022 @ 5:47 pm | ALB, Breaking News, DE, FQVLF, Jubak Picks Portfolio, Jubak Top 50 Portfolio, MRVL, NVDA, SCCO, USB |
In my weekend Saturday Night Quarterback on my subscription JubakAM.com site I said that this week would, probably, answer the question of whether Friday’s big bounce was just a bounce, the start of a buy on the dip rally, or even a bear market rally with a bit...
May 1, 2020 @ 7:27 pm | Breaking News |
On Wednesday, I felt really stupid. I don’t believe in this rally. I still think we’re due for the bear to come roaring back. And I think the bottom in this market is still somewhere ahead. But on Wednesday April 29, I felt completely WRONG. The Standard...
April 29, 2020 @ 7:36 pm | Buy Hold Sell |
My explanation. See if this makes sense to you. Nothing in the rear view window matters to Wall Street right now. Not first quarter earnings. Not economic growth or the lack thereof. Nothing in the second quarter matters either. Forecasts of a 30% or more drop in...
April 14, 2020 @ 7:05 pm | Breaking News, Buy Hold Sell |
In the short run rationality is not an especially adaptive trait for an investor. Remember that. Take today’s market for example. JPMorgan Chase (JPM) and Wells Fargo (WFC) delivered very sobering news on how the coronavirus and the coronavirus shutdown of big...
April 6, 2020 @ 7:15 pm | Breaking News |
A rally in European stocks that took the STOXX 600 index up 3% in morning trading has extended to New York. At noon New York Time today, the Standard & Poor’s 500 was up 5.65% and the Dow Jones Industrial Average was ahead 5.66%. The NASDAQ Composite had...
March 27, 2020 @ 7:42 pm | Breaking News |
For a while it looked like bullish investors and traders would manage to pull the market even into the close. That would have been quite a positive feat after a huge 3-ay rally and going into a weekend. At 3:27 p.m.New York time today the Standard & Poor’s...
March 26, 2020 @ 7:19 pm | Breaking News |
Okay, you knew the punchline was coming. After dropping 11.9% in 1929 as the Crash and Great Depression got rolling, the Standard & Poor’s 500 fell 28.5% in 1930. And then, in 1931, it staged that big short-term rally that we’ve just surpassed. After...
March 26, 2020 @ 7:14 pm | Breaking News |
Today Treasury Secretary Steve Mnuchin said the surge in Americans filing for unemployment benefits is “not relevant.” Mnuchin told CNBC, “The president is protecting those people.” For the week ended March 21, initial claims for unemployment soared to a record 3.28...
March 25, 2020 @ 7:20 pm | Breaking News, FQVLF, Jubak Picks Portfolio, Jubak Top 50 Portfolio |
I still like my long-term thesis for copper miner First Quantum Minerals (FQVLF)–that copper prices will rise with a pick up in global economic growth and that when growth resumes the world will be looking at a shortage of copper. First Quantum has a lot of new...
March 25, 2020 @ 6:52 pm | Breaking News |
As I write this at 1:20 p.m. New York time on Wednesday, March 25, the Senate is debating the $2 billion (or is it even more now?) coronavirus rescue bill. The consensus is that the chamber will vote and pass the bill sometime this afternoon and then send it to the...