Watch my new YouTube video “Quick Pick: Shimano”
I’m starting up my videos again–this time using YouTube as a platform. My thirty-seventh YouTube video “QuickPick: Shimano”-went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Q2 GDP grew by an annualized 6.5%, which gets the economy back to where it was before the pandemic–now for the tough part
U.S. gross domestic product grew 1.6% in the second quarter of the year, the Commerce Department said today, July 29. That’s up from 1.5% growth in the first quarter of 2021. On an annualized basis, second-quarter growth was 6.5 percent. It is, however, well...
Dems and Reps agree on $1 trillion infrastructure deal–now for the vote
Senate Democrats and Republicans on Wednesday appeared to clinch a deal that would invest roughly $1 trillion into the nation’s infrastructure. The new agreement — announced separately by two of its lead negotiators, Senators Rob Portman (R-Ohio) and Kyrsten Sinema...
Watch my new YouTube video: Is China un-investable?
I’m starting up my videos again–this time using YouTube as a platform. My thirty-sixth YouTube video “Is China un-investable?”-went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Federal Reserve says it is staying the course, for now
No change. But change coming someday. (Not soon, though.) That was the message from today’s meeting of the Federal Reserve’s Open Market Committee. The central bank held interest rates steady at 0% to 0.25% and maintained its schedule for purchases of...
A tried and true earnings game boosts Microsoft another 1.23% today
After picking up; 1.3% yesterday, shares of Microsoft added 1.23% today, Friday, July 23, as Wall Street analysts raised earnings estimates ahead of the company’s July 27 earnings report. It’s a tried and true earnings season game: No analyst wants to be...
New claims for unemployment tick up again this week
For the third time in six weeks, initial claims for unemployment in regular state programs rose. The number of new claims grew to 419,000 from 368,000, according to data from the Department of Labor. Economists surveyed by Bloomberg had expected a slight drop to...
Watch my new YouTube video: QuickPick–For bank disruptors, buy Square
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My thirty-fifth YouTube video “QuickPick–For bank disruptors, buy Square” went up today. Please watch and subscribe to my YouTube channel. And like my...
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...
Nvidia finally trades at post-split price and gains 4.29% today
Nvidia (NVDA) finally began trading at a price adjusted for the stock’s announced 4 for 1 split. At the close the shares traded at $194.10, a gain of $7.98 a share (or a pre-split $31.92 gain), up 4.29% on the day. The solid move higher bodes well for...
Investors buy the dip; Delta variant is forgotten for a day
Today investors and traders ran to buy all the re-opening, post-vaccine recovery, cyclical stocks that they dumped yesterday. Macy’s (M) is up 4.29% as of 3:30 p.m. New York time after plunging 4.90% yesterday. Amusement park operator Cedar Fair (FUN) is up...
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 &...
Taiwan Semiconductor earnings on Thursday upended chip stocks–here’s why
On Thursday, July 15, Taiwan Semiconductor Manufacturing (TSM), the world’s leading chip foundry, reported earnings of 93 cents a share for the second quarter, up 18% year over year. That was inline with analyst estimates. Sales rose 28%. The company raised its...
Tune in to my live Q&A on Wednesday via YouTube
Tune in to my live Q&A on Wednesday via my YouTube channel. You can also leave me questions to answer (What’s the meaning of life? Who left the cap off the toothpaste again?) in the comments to this post.
Surprising growth in retail June retail sales not enough to keep stocks from falling
U.S. retail sales surged 18.0% in June from June 2020, the Commerce Department reported today. Demand for goods remained strong but spending is clearly shifting back to services. Stocks fell despite the good news with economic recovery and post-vaccine recovery stocks...
Watch my new YouTube video: QuickPick–3 reasons to buy Deere
I’m starting up my videos again–this time using YouTube as a platform. My thirty-fourth YouTube video “QuickPick: 3 reasons to buy Deere” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
China GDP growth misses but not by as much as feared
China’s economy grew by 7.9% in the second quarter of 2021 from the second quarter of 2020. That was a huge slowdown from the 18.3% year over year growth in the first quarter. No one had expected that growth surge from the end of pandemic lockdowns to be...
Can China’s Internet giants make it a 3-day rally tomorrow?
Chinese regulators gave unconditional approval Tuesday to Tencent Holdings (TCEHY) to acquire Sogou, China’s second-largest search engine company. That was a huge relief to investors who in recent weeks have seen Beijing crack down on the country’s big...
Watch my new YouTube video: Inflation is here–listen to Pepsi and Conagra
I’m starting up my videos again–this time using YouTube as a platform. My thirty-third YouTube video “Inflation is here–listen to Pepsi and Conagra” went up today. Please watch and subscribe to my YouTube channel. And like my video. You...
Oil falls as Saudi Arabia and United Arab Emirates agree on production levels
The dispute over oil production quotas between Saudi Arabia and the United Arab Emirates that blew up the OPEC+ meeting two weeks ago looks to be over. Under the compromise, the UAE will see its baseline production level rise to 3.65 million barrels per day when the...
New trouble with JNJ vaccine is bad news for the stock and worse news for efforts to reach “herd immunity”
he Johnson & Johnson (JNJ) coronavirus vaccine has been linked to a rare side effect, the immune system disorder Guillain-Barré syndrome. Of 12.8 million J&J doses administered in the United States, there have been about 100 cases of Guillain-Barré syndrome,...
If China’s growth is slowing, can the U.S. and other economies be far behind?
That’s the worry set off by the announcement last week by the People’s Bank of China that it would cut the reserve requirement for China’s big banks by 50 basis points. While economists had been expecting the move from the People’s Bank, they...
For one day at least the central banks are back in charge of stock and bond markets
Stocks rallied today and bond prices moved higher (sending bond yields lower) on news that China People’s Bank and the European Central Bank would both pursue monetary moves to bolster growth. The People’s bank reduced the amount of cash that banks have to...
Watch my new YouTube video: QuickPick: EVGO for fast charging
I’m starting up my videos again–this time using YouTube as a platform. The thirty-third YouTube video “QuickPick: EVGO for fast charging” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
How about this for an explanation for the weakness in stocks over the past few days: The computers are messing with us
I’ve read all the headlines explaining today’s drop in stocks, and yesterday’s and the day before. The chaos at OPEC and in oil prices. Fears that the economic recovery is slowing. Thoughts that inflation isn’t a worry and that instead we...
Initial claims for unemployment soar (NOT) by 2,000
Initial claims for unemployment in regular state programs rose by 2,000 to 373,000 for the week ended July 3, the Labor Department reported today. Economists surveyed by Bloomberg were looking for initial claims to drop to 350,000. Now this may be disappointing to...
Trying to walk a fine line on sentiment over the next three months
Here’s my take on market sentiment over the next three months. First, in the very short-run, for the next four weeks of earnings season, it’s hard for me to imagine that investors and traders will sell ahead of one of the biggest surges in year over year...
Watch my new YouTube video: “OPEC and the threat to green energy stocks
I’m starting up my videos again–this time using YouTube as a platform. The thirty-second YouTube video “OPEC and the threat to green energy stocks” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see...
OPEC+ is in crisis again–but since no one knows quite what the result is likely to be, we’ve had big swings in sentiment and prices in the oil market (and in banks, other commodities, and the inflation/deflation play) today
The Organization of Petroleum Exporting Countries and its affiliated oil producers (OPEC+) abandoned their Monday meeting after days of tense talks failed to result in an agreement on a tentative deal to increase production, and even over how to measure production....Jim’s Daily Email Alerts:
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