April 9, 2021 @ 7:13 pm | Breaking News |
We want to see the job gains before we remove any support for the economy, Federal Reserve Chairman Jerome Powell said at an event at the International Monetary Fund, on Thursday, April 8. Putting another marker in the ground on when the central bank might start to...
April 9, 2021 @ 7:09 pm | Breaking News |
Earnings reports for the first quarter of 2021 start rolling in on April 14 with JPMorgan Chase (JPM) and Wells Fargo (WFC) both reporting before the stock market open. The big question is how much of the huge year over year earnings growth is already in the price of...
April 8, 2021 @ 7:14 pm | Breaking News |
Initial claims for unemployment in regular state programs rose by 16,000 to 744,000 in the week ended April 3, the Labor Department reported today, April 8. This was the second straight weekly increase in new claims. For the prior week, the total new claims figure was...
April 8, 2021 @ 7:10 pm | Breaking News |
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...
April 7, 2021 @ 7:37 pm | Breaking News |
Nothing to see here. Move along. In the minutes from its March 16-17 meeting, released today April 7, Federal Reserve officials told the financial markets “that it would likely be some time until substantial further progress toward the [Open Market] Committee’s...
April 6, 2021 @ 7:46 pm | Breaking News, You May Have Missed |
Today April 6 the yield on the 10-year Treasury is down again–to 1.65%, a drop of 5 basis points. After looking like it was on a short path to breaking 1.90% and threatening 2.00%, the yield on the 10-year Treasury has been stuck in a range of 1.60% to 1.70%....
April 5, 2021 @ 7:43 pm | Breaking News, Jubak Top 50 Portfolio, VWAPY |
You could buy VWAGY, trading today, April 5, at $37.00, up 4.27% or you could buy VWAPY at $29.27, up 2.92%. (A search for VW ticker will discover another 21 symbols on various European exchanges but for U.S investors these two ADRs are the major choices. Both are...
April 5, 2021 @ 7:39 pm | Breaking News |
Stocks are up strongly this morning (April 5) on delayed buying after Friday’s huge jobs gains for March (the stock market was closed for Good Friday) and on very good news from the service sector of the U.S. economy in the March survey from the Institute for...
April 5, 2021 @ 7:35 pm | Breaking News, You May Have Missed |
Wall Street is looking for a record quarter for earnings growth for the first quarter of 2021 to keep the stock market trend pointing upward. The first earnings report for the quarter are due from the big banks on April 14 and 15. On April 1 FactSet reported that the...
April 2, 2021 @ 7:32 pm | Breaking News |
In March the U.S. economy added the most jobs since August, the Labor Department reported this morning. Payrolls increased by 916,000 jobs in the month. (And the February numbers were revised upwards to show a gain of 468,000 jobs.) The combination was enough to send...
April 1, 2021 @ 7:42 pm | Breaking News, Jubak Picks Portfolio, MGM, WH |
I’m starting up my videos on again–this time using YouTube as a platform. The seventeenth YouTube video “3 picks for earnings season” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
April 1, 2021 @ 7:34 pm | AMAT, AMZN, ASML, Breaking News, FCX, FQVLF, GOOG, Jubak Picks Portfolio, Jubak Top 50 Portfolio, SCCO |
With the financial markets closed tomorrow for Good Friday, traders and investors jumped in to buy today ahead of what is expected to be a jobs report tomorrow morning showing unemployment dropping to 6.0% (by the official measure) from 6.2% in February. The Standard...
April 1, 2021 @ 7:27 pm | Breaking News |
The number of workers filing new claims for unemployment unexpectedly jumped for the week ended March 27. The rise to 719,000 initial claims for unemployment was a surprise after last week when the total dropped to a revised 658,000. That was the lost weekly total...
March 31, 2021 @ 7:35 pm | Breaking News |
The one certainty in the stock market right now, I’d say, is volatility. Both to the upside and to the downside. So I think we should take what the market is giving us. Using these three moves in the short term. 1. Buy a few buy on the dip candidates from my...
March 31, 2021 @ 7:28 pm | Breaking News |
Shares of Chargepoint (CHPT) were up 15.40% as of 2:30 p.m. New York time today, March 31. Charging station competitor Blink Charging (BLNK) was up 8.69%. (Chargepoint went public via a reverse merger with SPAC Switchback Energy early this month. The symbol changed to...
March 30, 2021 @ 7:52 pm | Breaking News |
You can judge the stock market’s mood pretty accurately today, Tuesday, March 30, from just a few price movements. Take a look at the performance of bank stocks, the small cap Russell 2000, the CBOE VIX “fear index,” and technology stocks to see...
March 29, 2021 @ 7:56 pm | Breaking News, Dividend Income Portfolio, DUK, ES, Jubak Picks Portfolio, VWDRY |
Today, May 29, the Biden administration announced an ambitious plan to expand wind farms along the East Coast. The goal would be to see the United States produce 30 gigawatts of offshore wind power by 2030. That’s just a little ambitious since U.S. offshore wind...
March 29, 2021 @ 7:52 pm | ASML, Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio |
In my Trick or Trend post on my subscription JubakAM.com site on Saturday, March 27, I argued that the increasingly serious chip shortage experienced by car makers was bad for car stocks (since car companies are having to cut production), but good for chip makers who...
March 29, 2021 @ 7:44 pm | Breaking News |
All eyes all week long will be on Friday’s report on March jobs from the Bureau of Labor Statistics. Economists surveyed by Bloomberg project that the economy will add 642,000 new jobs in the month and that the official unemployment rate will drop to 6.0% from...
March 26, 2021 @ 7:52 pm | Breaking News, C, Dividend Income Portfolio, Jim's Extras, Jubak Picks Portfolio, KBWB, USB, You May Have Missed |
U.S. banks that pass their next stress tests will allowed to raise their dividends after June 30, the Federal Reserve said yesterday, March 25. The Fed will also lift any remaining restrictions on stock buybacks. Limits on dividend payouts to investors and share...
March 26, 2021 @ 7:42 pm | Breaking News, You May Have Missed |
The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index fell 0.2% month to month in February from January. That was below economist expectations of a 0.5% month to month gain. On a year over year basis, the...
March 24, 2021 @ 7:19 pm | Breaking News, DIS, Jubak Top 50 Portfolio |
A couple of weeks before Christmas, Disney (DIS) decided that the pandemic coast would be clear enough by May for it to send Black Widow, the next Marvel universe potential blockbuster–to movie theaters in May. Not so far, the company has now decided. With rates...
March 24, 2021 @ 7:15 pm | Breaking News |
I’m starting up my videos again–this time using YouTube as a platform. The sixteenth YouTube video “3 electric vehicle picks” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
March 24, 2021 @ 7:01 pm | Breaking News, Volatility, You May Have Missed |
At 11:07 a.m. today the Standard & Poor’s 500 was up 0.80%. At the close it was down 0.55%. Same picture for the small cap Russell 2000 index. Up 1.65% at 10:54 a.m. New York time. Down 2.26% at the close. What looked like one of the rotation markets...
March 23, 2021 @ 7:04 pm | Breaking News, Jim's Extras |
This weeks long list of Treasury auctions started off with a very good sale of $60 billion in two-year notes today. Today’s sale came with a yield of 0.152%–yep that’s where interest rates are right now–on the two year note. That matched the...
March 23, 2021 @ 6:59 pm | Breaking News |
This morning Federal Reserve Chair Jerome Powell gave reassuring inflation testimony before the House Financial Services Committee. Prices would rise this year as Americans are able to go out and spend post-pandemic, but while “We do expect that inflation will move up...
March 22, 2021 @ 7:05 pm | Breaking News |
The yield on the 10-year Treasury didn’t move much today, Monday, March 22, with the yield dropping 3 basis points to 1.69%. Treasury volatility could pick up big time later this week as the government auctions off Treasuries across a range of maturities. The...
March 19, 2021 @ 7:46 pm | Breaking News |
The Standard & Poor’s 500 closed down 0.06% today, March 19. About as exciting as watching paint dry. The NASDAQ Composite, down yesterday, reversed that drop and a little bit more by adding 0.76%. The iShares MSCI Emerging Markets ETF (EEM), down 1.84%...
March 19, 2021 @ 7:40 pm | Breaking News, Jubak Picks Portfolio |
Financial Select Sector SPDR ETF (XLK) was up 0.52% yesterday, March 18, when almost everything else finished in the red. The Invesco KBWB Bank ETF (KBWB) was ahead 1.14%. Citigroup (C) gained 0.33%. Bank of America (BAC) was ahead 2.61%. U.S. Bancorp (USB) added...
March 18, 2021 @ 7:39 pm | Breaking News |
After not moving very much yesterday on the actual news from the Federal Reserve-the Standard & Poor’s 500 finished up 0.29% and the NASDSQ Composite closed higher by 0.40%, today, March 18, markets decided they really didn’t like the Fed’s...