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Is your portfolio ready for earnings season?

Is your portfolio ready for earnings season?

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...
Show us the jobs, Federal Reserve says, before any interest rate increase

New claims for unemployment up again this week

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...
Thinking of buying VW on its push into electric cars? But which class of VW shares? Here’s the one I’m buying tomorrow for my 50 Stocks Portfolio

Thinking of buying VW on its push into electric cars? But which class of VW shares? Here’s the one I’m buying tomorrow for my 50 Stocks Portfolio

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...
Surge in services activity adds to stock rally

Surge in services activity adds to stock rally

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...
Is your portfolio ready for earnings season?

Apparently everybody decided today that tomorrow’s March jobs report will show accelerating economic growth

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...
Show us the jobs, Federal Reserve says, before any interest rate increase

New claims for unemployment disappointingly high

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...
It’s just a proposal but Biden administration’s plan argues for adding wind power stocks right now–here are five picks

It’s just a proposal but Biden administration’s plan argues for adding wind power stocks right now–here are five picks

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...
Friday’s jobs report drives the week

Friday’s jobs report drives the week

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...
Fed to end restrictions  on bank dividends, share buybacks at end of June

Bank stocks were just about the only thing in the green yesterday–which is why I added U.S. Bancorp to Jubak Picks on Friday (plus some thoughts on bank stock option plays)

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...