This week is last stand for growth stock earnings hopes
Going into this earnings season, the hope was that strong, surprisingly strong perhaps, earnings from the big growth stocks would put a stop to the selling. Earnings would be strong enough to convince investors that the market wasn’t over-valued since at these...
Please watch my new YouTube video: “Why PayPal is a buy and Facebook isn’t”
I’m starting up my videos again–this time using YouTube as a platform. My ninety-sixth YouTube video “Why PayPal is a buy and Facebook isn’t” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s...Forward into the past with tech stocks: We’ve seen this market before
On November 15 in my post on what’s priced in and what’s not, I noted that an upsurge in Covid infections this winter wasn’t priced in. And that evidence of a new wave from Europe where infection rates have headed higher in what might be a preview...
Buy-the-dippers are showing a little fatigue
After Monday’s selling, the Standard & Poor’s 500 was down 5.2% from its September 2 high. And as has been usual lately that drop brought the buy-the-dip investors and traders out in force today, Tuesday, October 5 At the close the Standard &...
More Evergrande woes in China but biggest selling is in U.S. tech stocks
The Hong Kong Stock Exchange suspended trading in shares of China Evergrande after the Chinese developer missed a key bond interest payment last week. That’s led to selling across Chinese stocks with, as of the close in New York, shares of Alibaba (BABA),...
Market looks to be setting up for next week’s tech earnings parade
The Standard & Poor’s 500 closed up 0.20% today, July 22. The Dow Jones Industrial Average squeezed out a 0.07% gain. But if you were looking for bigger upside moves, turn your eyes to the technology sector. The NASDAQ Composite was up 0.36% and the NASDAQ...
Stocks extend growth fears, selling today–how far does this go?
Today, Monday, July 19, stocks accelerated their retreat from the end of last week on fears that a fourth wave of the pandemic, fueled by the Delta variant, will crush hopes that the economy is headed back to normal. As of the close New York the Standard &...
Watch my new YouTube video: “3 Ad Picks But Not Google or Facebook”
I’m starting up my videos again–this time using YouTube as a platform. The twenty-first YouTube video “3 Ad Picks But Not Google or Facebook” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
It’s not that Wall Street loved the potential Biden tax hikes today after hating them yesterday–it’s just that the market remembered there’s profit to be made today while the tax increases are a long way off–if ever
Yesterday, a quite promising early stock market rally got derailed on news stories–based on anonymous sources–that the Biden administration would propose tax increases on wealthy Americans and corporations. The speculation points to an increase in the top...
Watch my new YouTube video “6 picks for next week’s earnings flood”
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The twentieth YouTube video “6 picks for next week’s earnings flood” went up today. Please watch and subscribe to my YouTube channel. And like my video....
Watch my new YouTube Video “Best Pick for the Big Tech War”
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The eighteenth YouTube video “Best Pick for the Big Tech War” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see...
Again but not as bad–spike in Treasury yields clips technology stocks today
The yield on the 10-year Treasury note climbed to 1.62% today, March 12. That’s a jump of 9 basis points on the day. (It takes 100 basis points to make up one percentage point.) Following the recent pattern, the climb in yields meant a drop in the prices of...
Get ready for the earnings: I’m looking at another big week for tech stocks
After barely dragging higher over the last month, big tech stocks turned red hot this week. And next week, when we get earnings from Microsoft (MSFT), APPLE (AAPL) and Facebook (FB) could be even hotter. The rally in big tech was fueled this week by blockbuster...
This week starts out like last week–down; will it end with a rally?
At the close today, January 11, the Standard & Poor’s 500 was off 0.66%. The Dow Jones industrial Average was lower by 0.29%. The NASDAQ Composite had fallen 1.255 and the NASDAQ 100 had dropped 1.55%. The small cap Russell 2000 was down just 0.03%. The...
Welcome back Santa Claus rally
With President Donald Trump signing the coronavirus stimulus/relief and fiscal 2021 government spending bill, financial markets can go back to their favorite holiday week activity–using the opportunity afforded by shrunken volumes to push up stocks. As of the...
Stocks continue to sell off as market sees coronavirus lockdown fears coming true
The Standard & Poor’s 500 closed down 1.21% today and the Dow Jones Industrial Average dropped 0.59%. The NASDAQ Composite was lower by 2.45% and the NASDAQ 100 fell 2.54%. The Russell 2000 small cap index tumbled by 1.96%. The rising tide of new...
Small move in S&P 500 disguises continued turmoil in big technology shares
Three stocks in the Standard & Poor’s 500 were up for every two that were down as the index turned in a day with very little movement–a gain of 0.05% at the close on September 11. The Dow Jones Industrial Average was ahead a bit more at 0.48% That...
Stocks recover to show narrower loss by end of day
The Standard & Poor’s 500 almost got to break-even late in the day today (at 3:28 p.m. New York time) but stocks couldn’t hold the line. Still the 0.81% loss at the close for the index as much better than the 2.99% loss at 10:45 this morning. That was...
Market passes baton back to Fed’s Powell Put for today’s rally
On Monday the Standard & Poor’s 500 and the NASDAQ Composite hit new all-time highs on what I’m calling the Vaccine Put, the hope that we’ll see the announcement of an approved coronavirus vaccine by early in 2021 or maybe even the end of 2020...
What rally? Yes, tech has zoomed but the average stock in the S&P 500 was still down 28% from its February peak as of the Friday close.
Forget about a “V-shaped” recovery or a “W-shaped” bounce-pullback-move up again recovery. The talk on Wall Street is now about a “K-shaped” recovery where a handful of companies and their shares sooar ahead but where the average...
Has the market broken it’s upward trend? I’m watching the big tech stocks as indicators
As of 12:30 p.m. New York time today, U.S. stocks had continued their downward move of yesterday. The Standard & Poor’s 500 was lower by 2.23% and the Dow Jones Industrial Average had tumbled 2.35%. The NASDAQ Composite was off 2.44% and the Russell 2000...
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...
Justice Department to step up antitrust scrutiny of Facebook, Alphabet, Amazon and Apple
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...
Amazon earnings results mean hotter war with Google and Facebook in digital ad space
Nothing wrong with 20% year over year revenue growth–unless, of course, you’re Amazon (AMZN). On Thursday, January 31, the company reported that revenue growth in the fourth quarter–the strongest retail quarter of the year–had at 20% come in at...
Facebook rises after-hours as disappointing growth not as bad as bears expected
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...
Facebook closes down 18.96% on the day
Golly gee, what could be the big story in the U.S. markets today? How about the rout in Facebook (FB) shares–down 18.96% or $41.24 to $176 at the close. That $112 billion dollar drop in the market value of Facebook gives the company the record for the largest...
Facebook reports earnings beat; good set up for Apple earnings tomorrow
Facebook (FB) announced third quarter earnings of $1.59 a share today after the market closed. That was 31 cents a share better than the Wall Street consensus. Revenue climbed 47.3% year over year to $10.33 billion, ahead of projections for $9.84 billion. Last quarter...
Netflix misses on earnings but more importantly two trends to watch for NFLX, AMZN, FB and others
Netflix missed Wall Street estimates for third quarter earnings today by 3 cents  share. Revenue at $2.98 billion was in-line with analyst estimates of $2.97 billion (and up 30.3% year over year.)  But the big news for investors were in two trends that Netflix...
Facebook cancels plans for Class C stock; Zuckerberg to sell 35-70 million shares in next 18 months
The good news is that Facebook (FB) has cancelled plans to create a new C class of shares. Let’s be very clear, Class C shares like these that give a seller, such as CEO Mark Zuckerberg, the ability to sell millions of shares while continuing to control voting...Jim’s Daily Email Alerts:
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