March 2, 2023 @ 7:59 pm | Breaking News |
Today I posted my two-hundred-and-forty-third YouTube video: Quick Pick Li-Cycle Holdings Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy for the Next 5 Years: Free download for...
March 2, 2023 @ 7:51 pm | Breaking News |
Yesterday’s investors day could have been a huge positive that sent Tesla (TSLA) shares soaring today. Instead, because the company and its CEO Elon Musk once again over-promised and underdelivered, investors went away disappointed and today, March 2, the stock...
March 1, 2023 @ 10:40 pm | Breaking News |
Today’s topic is Will China Send the Global Economy Surging? We’ll really know the answer to this starting on Sunday, when the National People’s Congress of China meets. The leaders of China will make some important decisions for the Congress to...
March 1, 2023 @ 10:33 pm | Breaking News |
It’s not like we don’t know that these two Federal Reserve presidents favor higher interest rates for longer. But still hearing them say it did put a crinkle in stock prices today. Federal Reserve Bank of Atlanta President Raphael Bostic called for...
February 28, 2023 @ 11:05 pm | Breaking News, Dividend Income Portfolio, Jubak Picks Portfolio, PXD |
On Friday, shares of Pioneer Natural Resources (PXD) fell on a Bloomberg story reporting rumored talks between the Permian Basin oil shale producer and Appalachian natural gas producer Range Resources (RRC). On Monday shares of Pioneer rebounded as the company denied...
February 28, 2023 @ 10:59 pm | Breaking News |
The debt crisis at China’s local governments will be top of the agenda when China’s leaders gather in Beijing for the annual parliament next week.m (The nation’s legislators and top leaders meet from this Sunday to approve key economic targets for 2023,...
February 28, 2023 @ 10:53 pm | Breaking News |
Shares of Luminar Technologies (LAZR) closed up 6.23% Monday, February 27, added another 0.91% during today’s regular session, and then fell 2.01% in after-hours trading on the company’s announcement of substantial progress toward positive gross margins by...
February 27, 2023 @ 11:48 pm | Breaking News |
If the world is to stand any chance of avoiding a catastrophic increase in temperatures, the global economy has to move away–very quickly–from using fossil fuels, and especially coal, to generate electricity. Both China and India pledged at the 2021 Glasow...
February 27, 2023 @ 11:32 pm | Breaking News |
The so-called fear index, the CBOE S&P 500 Volatility Index (VIX), just isn’t very fearful right now. In spite of all the negative talk from Federal Reserve officials, Wall Street figures like JPMorgan Chase’s Jamie Dimon, and various and sundry...
February 27, 2023 @ 11:27 pm | Breaking News |
Today I posted my two-hundred-and-forty-second YouTube video: Trend of the Week: How Tired Is the Consumer? This week’s Trend of the Week is How Tired Is the Consumer? Consumer spending makes up 70% of the economy, so if consumers get tired and start spending...
February 23, 2023 @ 10:35 pm | Breaking News, UNG |
Today I posted my two-hundred-and-forty-first YouTube video: Quick Pick U.S. Natural Gas Fund Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my new eBook, Your Best Investing Strategy for the Next 5 Years:...
February 23, 2023 @ 10:20 pm | Breaking News, Dividend Income Portfolio, Jubak Picks Portfolio, PXD |
Wednesday, February 22, Pioneer Natural Resources (PXD) reported better-than-expected adjusted earnings for the fourth quarter of 2022 while revenues came up short of Wall Street estimates. Revenue was still up 18% year-over-year to $5.1 billion. Fourth quarter net...
February 22, 2023 @ 7:56 pm | Breaking News |
Minutes from the Federal Reserve’s February 1 meeting show a central bank anticipating Federal Reserve further increases in interest rates in order to bring inflation down to the Fed’s 2% inflation target. “Participants observed that a restrictive policy...
February 22, 2023 @ 7:51 pm | Breaking News |
Today I posted my two-hundred-and-fortieth YouTube video: 6% Yes, 8% No. Today’s topic is: 6% Yes, 8% No. I’ve been saying that I think 6% is the peak for interest rate increases from the Federal Reserve this cycle. Inflation is not coming down as fast as...
February 22, 2023 @ 7:48 pm | Breaking News, Dividend Income Portfolio, INTC, Jubak Picks Portfolio |
So it wasn’t much of a surprise to most investors–although some of us were hoping that Intel (INTC) would hold its dividend steady after a big bond offering in the last few weeks. But today Intel cuts its dividend by 66% to 12.5 cents a share from a prior...
February 21, 2023 @ 7:47 pm | Breaking News, CCJ, Jubak Picks Portfolio |
Today I posted my two-hundred-and-thirty-ninth YouTube video: Quick Pick Cameco Today’s Quick Pick: Cameco (NYSE: CCJ). I’m not a fan of nuclear power. Relying on an energy source that produces waste that will remain radioactive for thousands of years when...
February 21, 2023 @ 7:38 pm | Breaking News, WMT |
Today, February 21, Walmart (WMT) reported s 76% year-over-year jump in earnings to $1.71 a share. Wall Street analysts had forecast earnings of $1.52 a share for the fourth quarter. Revenue rose 7.3% to $164 billion. Comparable store sales gained 8.3%. The company...
February 20, 2023 @ 11:10 am | Breaking News |
Today I posted my two-hundred-and-thirty-eighth YouTube video: You Can Get 5% (in a CD) This week’s Trend of the Week is: You Can Get 5% (In a CD). Thank you, Jerome Powell and the Federal Reserve. Recently we’ve seen a huge rally in short-term yields....
February 16, 2023 @ 10:27 pm | Breaking News, DIS, Jubak Picks Portfolio, Jubak Top 50 Portfolio, NVDA |
The rally on February 15 sure looked like a speculative blowout of the kind that often signals a market top. For me, it was the last straw and I’m selling into the rally. This post tells you what I’m selling and how I arrived at these decisions. But first,...
February 16, 2023 @ 10:07 pm | Breaking News |
Today I posted my two-hundred-and-thirty-seventh YouTube video: Sell! Time to Take Some Rally Profits Today’s topic is: Sell! Time to Take Some Rally Profits. Wednesday’s rally had all the earmarks of a blow-out-the-top rally. Though it wasn’t a huge...
February 15, 2023 @ 11:31 pm | Breaking News |
U.S. retail sales in January jumped by 3% in January from December, the Commerce Department reported today, February 15. Economists surveyed by Bloomberg had expected a 2% increase. Retail sales had dropped in December and November. Together with the strong job gains...
February 15, 2023 @ 11:28 pm | Breaking News |
The nonpartisan Congressional Budget Office warned, today, that the federal government would be at risk of a default as soon as July if lawmakers fail to raise the debt limit. The Treasury Department is currently using accounting gimmicks to keep paying federal...
February 14, 2023 @ 4:34 pm | Breaking News |
Stocks didn’t move much today after the Consumer Price Index for January showed enough inflation strength to bring Federal Reserve officials out in force to talk about a potential need to raise interest rates above current financial market expectations. But...
February 14, 2023 @ 4:30 pm | Breaking News |
You might even think they knew what was coming. (Which of course the Federal Reserve does.) The pixels weren’t even dry on this morning’s CPI inflation report–6.4% year over year, a 10 basis point drop from December, but a 0.5% month-to-month...
February 14, 2023 @ 4:27 pm | Breaking News |
If you remember your college (or high school if you were precocious) calculus, what we’re worrying about now isn’t the rate of inflation, or even the change in the rate of inflation, but the change in the change of the rate of inflation. Or, in other...
February 13, 2023 @ 12:47 pm | Breaking News |
Today I posted my two-hundred-and-thirty-sixth YouTube video: 6% Is Coming This week’s Trend of the Week is: 6% is Coming. This song lyric keeps playing in my head: “They laughed at Christopher Columbus when he said the world was round.” I’ve...
February 13, 2023 @ 12:01 pm | Breaking News |
The consensus is that the headline all-in year-over-year inflation rate will come in at 6.2% for January when the Bureau of Labor Statistics reports the numbers before the New York market open tomorrow February 14. That would be down from an annual 6.5% rate in...
February 9, 2023 @ 7:35 pm | Breaking News |
As of the close in New York today, February 9, the Standard & Poor’s 500 was down 0.88% and the NASDAQ Composite was off 1.02%. That’s not a big absolute drop but it does mark quite a turnaround from earlier in the day. At 9:51 a.m. the S&P 500...
February 9, 2023 @ 7:28 pm | Breaking News |
Today I posted my two-hundred-and-thirty-fifth YouTube video: Quick Pick C3.ai Today’s Quick Pick: C3.ai (NYSE: AI). This is not a normal Quick Pick, this is, well, a little different. I’m not suggesting you buy this today, but instead, keep this one in...
February 8, 2023 @ 10:15 pm | Breaking News |
Today I posted my two-hundred-and-thirty-fourth YouTube video: Why March 22 Is the Next Big Date Today’s topic is: Why March 22 Is the Next Big Date. March 22 is the date of the Fed’s next meeting. And it’s the first time we’ll get projections...