Big banks deliver mixed start to Q4 earnings season with JPMorgan down and Wells Fargo up
Sing along: One of these banks is not like the others. One of these banks doesn’t belong. This morning big money center banks JPMorgan Chase (JPM) and Citigroup (C) delivered disappointing reports on fourth quarter revenue and earnings. Shares of JPMorgan Chase...
Please watch my new YouTube video: “3 Sectors to Avoid After the Fed Tightens”
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My eighty-seventh YouTube video “3 Sectors to Avoid After the Fed Tightens” went up today. Please watch and subscribe to my YouTube channel. And like my...
Watch my new YouTube video: “QuickPick The Trade Desk”
I’m starting up my videos again–this time using YouTube as a platform. My eighty-eighth YouTube video “QuickPick: The Trade Desk” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
Buying Wells Fargo in Jubak Picks ahead of earnings
Wells Fargo (WFC) is scheduled to report fourth quarter 2021 earnings on Friday, January 14. The bank is expected to be one of the few big money center banks to show a significant increase in earnings for the lat quarter of 2021 from the fourth quarter of 2020 (when...
CPI inflation climbed at 7% year to year in December–stocks barely budge
As of the close in New York on Wednesday, January 12, the Standard & Poor’s 500 was up 0.28%; the Dow Jones Industrial Average had edged higher by 0.11%; and the NASDAQ Composite had climbed 0.23%. Even though, the Labor Department reported this morning...
Please watch my new YouTube video: Bitcoin and Kazakhstan
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My eighty-six YouTube video “Bitcoin and Kazakhstan” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
Please watch my YouTube video: Quick Pick Conoco Phillips
I’m starting up my videos again–this time using YouTube as a platform. My eighty-fifth YouTube video “QuickPick Conoco Phillips” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
Powell says just about nothing and market rallies
The big news out of Federal Reserve Chair Jerome Powell’s told Congress appearance before the Senate today (President Joe Biden has nominated him for another term as head of the Fed) was that if inflation doesn’t come down, the Fed would more aggressively...
Please watch my new YouTube video: 3 Picks for When the Tech Selling Stops
I’m starting up my videos again–this time using YouTube as a platform. My eighty-fourth YouTube video “3 Picks for When the Tech Selling Stops” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
New claims for unemployment tick up slightly–if the numbers can be believed
Applications for unemployment benefits in regular state programs rose last week to 207,000 for the week ended January 1, the Labor Department reported today, Thursday, January 6. That was up 7,000 from the prior week and above the 195,000 predicted by economists...
Performance report for Dividend Portfolio for 2021–total return for 2021 was 18.59% and dividend yield was 3.13%
One of my many New Year’s resolutions (I get pretty granular. Poor Richard has nothing on me when it comes to goal setting for self-improvement) was to do a better job of keeping the performance reports of my portfolios up to date. I’ve fallen two years...
Markets don’t like what they hear in Fed minutes from December
Today, the Federal Reserve released its minutes from its December 15 meeting of its interest-rate setting body the Federal Open Market Committee. Investors and traders didn’t like what they thought they heard–a growing consensus on a first interest rate...
U.S. private payrolls grew by 807,000 jobs in December, ADP says today as market waits for Fed minutes from December meeting
U.S. private payrolls grew by 807,000 in December, according to ADP Research Institute today. That’s the most jobs added in a month in seven months. Economists surveyed by Bloomberg had projected an increase of 410,000. Financial market reaction has been modest...
Ford gains 11.7% today on news that it will double production capacity of F-150 electric pickup
As of the close New York today Ford Motor (F) shares were up 11.67% after the company announced it would nearly double production capacity to meet demand for its upcoming F-150 Lightning electric pickup truck. The price of $24.31 is a 21-year high for Ford’s...
With sell of Apple tomorrow I’ll start to unwind my end of the year rally buys
When I bought shares of Apple (AAPL) in my Jubak Picks and Volatility Portfolios, I was looking for gains from the end of the year rally (which kind of fizzed out) and the traditional Santa Claus rally (which came through as expected) to drive shares higher in the...
Evergrande shares suspended in Hong Kong; reports say company ordered to demolish 30 buildings
Shares in China Evergrande Group have been suspended from trading in Hong Kong, the property developer announced on Monday. The company did not give a reason. Leaving us to speculate and there’s plenty to speculate with. Evergrande missed new coupon payments of...
Should you invest in China now? Attacking the puzzle with buys on Monday of TCEHY and FXI
In other years, this would be a no-brainer Yes! What we have right now is a classic, tried-and-true set up for big gains from buying China stocks. China is near the end, probably, of a big sell off. We’re talking drops of 20% or more. Much more. Market leaders...
10-year Treasury yields pop today
The yield on the 10-year Treasury is up 11 basis points as of 1:30 p.m. New York time today, Monday, January 3, to 1.62%. That’s the first time the yield has been above 1.60% since the emergence of the Omicron Variant in November. The yield on the 30-year...
Time to shift gears on your selling strategy (if any) as we move to 2022 from 2021–my last two sells for 2021 are Itau Unibanco and Cemex
We’ve got just two more trading sessions left in 2021. And then it’s on to 2022. Which means you should have wrapped up–or making any last minute sells–to harvest tax losses from 2021 in the next day or so. Of course, being the tax-savvy...
No signs in this week’s initial claims for unemployment that Omicron wave is producing new job losses
For the week ended December 25, U.S. workers filed 198,000 new claims for unemployment, a drop of 8,000 from the previous week and below the 206,000 initial claims expected by economists surveyed by Bloomberg. Continuing claims for unemployment for the week ended...
2021 looks to end with surge in yields on the 10-year Treasury–Will that lead to a break above the range in 2022?
Today, Wednesday December 29, the yield on the 10-year Treasury is up 6 basis points to 1.54% and is now up 60 basis points in the last year. You sure could see this as evidence that yields are headed toward the magical 2% level in 2022. But we’re been here...
Merry Christmas
I hope everyone was able to share the holiday with those who you love. Remember that the days are getting longer again. I’m rooting for the light. Thought I’d share the family tree. (No one got a lump of coal in their stocking. This year.) Stay...
There looks to be enough fuel for the Santa Claus rally
Judging from the close of Monday’s trading session, there looks to be enough fuel for a Santa Claus rally to end 2021. The Standard & Poor’s 500 closed up 1.38% and the Dow Jones Industrial Average gained 0.98%. The NASDAQ Composite was ahead by 1.39%...
New claims for unemployment stay at low 205,000 despite Omicron–unfortunately the number doesn’t mean much
205,000 workers filed initial claims for unemployment benefits last week. That was the same as in the prior week. And not far off the five-decade low recorded earlier in December. Which is good news considering the threat of the Omicron Variant to the economy. Except...
GDP growth in Q3 gets revised upward to 2.3% from 2.1%
It qualifies as good news certainly. Better than a poke in the eye with a sharp stick, as they say. But it’s not big good news. Real gross domestic product (that is after inflation) increased at an annual rate of 2.3 percent in the third quarter of 2021, the...
Please watch my new YouTube video Trend of the Week: A new trade war with China?
I’m starting up my videos again–this time using YouTube as a platform. My eighty-third YouTube video “A new trade war with China?” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
Yes, stocks bounced back today; No, everything is not all right with the markets or the economy
Yesterday the Standard & Poor’s 500 fell 1.14% and market leading stocks such as Applied Materials (AMAT) dropped 0.78%. Big drug stocks made up the only sector in the green as Pfizer (PFE) rose 2.59%,and AbbVie (ABBV) gained 1.23%. The fears yesterday were...
Amazingly in yesterday’s sell off, I think many investors are getting it right on picking “Green” stock winners and losers in days after the Manchin “No”
I’ve learned over the years never to think that a piece of legislation is dead until I’ve seen its proponents cut off its head and bury it at a cross roads with garlic around its neck and a stake through its heart. But I’d certainly entertain the...
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