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...
The Sweepstakes is over, the winners have been picked…
and I’ll be notifying the three winners of a free subscription to my $199 JubakAm.com investing Internet newsletter by email tonight. Thanks to all who participated.
Today’s perfect storm batters stocks
It’s actually surprising that markets aren’t down more so far today. As of noon New York time, the Standard & Poor’s 500 is lower by 1.62% and the Dow Jones Industrial Average is down 1.75%. The NASDAQ Composite has lost 1.65% and the NASDAQ 100...
Please watch my new YouTube video: QuickPick EverSource (update)
I’m starting up my videos again–this time using YouTube as a platform. My eighty-second YouTube video “QuickPick EverSource (update)” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
What’s ahead for the stock market (and investors) in 2022? Here’s what to look for to drive the year
Looking ahead at 2022, it’s not too hard to list the forces that will drive the financial markets. Putting those forces together and blocking out a schedule for their effects on the stock market? Well, that’s a lot harder. But let me try. Here’s my...
Retail sales growth disappoints in November
Retail sales rose a scant 0.3% in November from October. Economists surveyed by Bloomberg had forecast a 0.8% gain. And the November growth was a huge drop froth 1.7% month to month growth in September. On a year to year basis retail sales are up 18.2% from the...
Watch my new YouTube Video: Why the Fed is bluffing on interest rates
I’m starting up my videos again–this time using YouTube as a platform. My eighty-first YouTube video “Why the Fed is bluffing on interest rates” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s...
Li-Cycle Holdings gets pounded today on really good news
Li-Cycle Holdings LICY), a recycler of rechargeable lithium-ion batteries, has entered into a non-binding letter of intent to supply LG Chem, Korea’s largest diversified chemical company and LG Energy Solution, a leader in the market for lithium-ion batteries...
Enter my free Sweepstakes and win a year’s subscription to my $199 JubakAM.com investment site
Yep, it’s Sweepstakes time! Nothing to buy! Free to enter! And I’m giving away 3 subscriptions in a random drawing on December 17. All you have to do is enter (for free) using this link: JubakAM Sweepstakes So here’s the deal: I’ll pick three entries at random to win...
Watch my new YouTube video: Trend of the Week 10-Year Treasury Notes are Tracking Volatility
I’m starting up my videos again–this time using YouTube as a platform. My eightieth YouTube video “Trend of the Week: Ten-Year Treasury Notes are Tracking Volatility” went up today. Please watch and subscribe to my YouTube channel. And like my...
China seen as adding stimulus to its economy in early 2022
Economists predict that China will add significant stimulus to its economy early in 2022. That’s just speculation at this point but it makes very solid sense given: 1. The likely slowdown in China’s economic growth in the fourth quarter of 2021. 2. A...
Enter my free Sweepstakes and win a year’s subscription to my $199 JubakAM.com investment site
Yep, it’s Sweepstakes time! Nothing to buy! Free to enter! And I’m giving away 3 subscriptions in a random drawing on December 17. All you have to do is enter (for free) using this link: JubakAM Sweepstakes So here’s the deal: I’ll pick three entries at random to win...
Watch my new YouTube video: QuickPick Shimano Update
I’m starting up my videos again–this time using YouTube as a platform. My seventy-ninth YouTube video “QuickPick Shimano Update” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
CPI inflation ran at 6.8% annual rate in November–exactly what economists had projected so stocks moved higher
Stocks rose today, December 10, as a huge jump in CPI inflation exactly matched economists’ projections. As they say on the basketball court, “No surprise; no foul.” The Consumer Price Index (CPI) climbed at a 6.8% annual rate in November....
Ford Motor moves strongly higher on news of huge pre-orders for electric F-150 Lightning pickup
Ford Motor (F) CEO Jim Farley said yesterday, December 9, that pre-orders for the soon-to-launch F-150 Lightning pickup truck are so great that it had to stop taking reservations. “We are completely oversubscribed with our battery electric vehicles, Lightning...
Watch my new YouTube video: Look Out for Earnings Season
I’m starting up my videos again–this time using YouTube as a platform. My seventy-eighth YouTube video “Look Out for Earnings Season” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
CVS Health raises dividend and 2022 revenue guidance
CVS Health (CVS) will raise its annual dividend by 10% to $2.20 from $2.00 effective with the dividend payout scheduled for February 1. The company has also authorized a $10 billion share buyback program. The company also raised guidance for the full 2021 year to...
Market holds reasonably steady ahead of tomorrow’s CPI report expected to show 6.8% annual inflation rate
Tomorrow’s inflation report–the Consumer Price Index (CPI) flavor–has the potential to end the recent uptick in stocks and send prices back down and volatility back up. Right now economists surveyed by Bloomberg are expecting a year over year...
Post-Pandemic-Stimulus “excess” savings look set to disappear for low income consumers in early 2022–that’s not a plus for U.S. economic growth
Lags are one of the toughest things to get right in figuring out how the economy operates and where it’s headed. For the last half of 2021 as the big Pandemic stimulus cash flows first fell and then dried up completely, economists have been looking for signs of...
Remember that volatility creates volatility–time to look to some tax loss selling (like Nektar)
With the VIX “fear index” falling back closer to “normal” levels–it dropped to 21.89 yesterday from 31.12 on December 1–it sure feels like the extreme volatility of the end of November and early December is on the ebb. The move to...
Congress reaches a deal on plan to raise the debt ceiling and avoid a U.S. default
Republicans and Democrats have agreed on a plan to raise the government’s debt ceiling–it’s not simple or elegant and it has the reminds me of one of those Rube Goldberg machines that use a bowling ball to feed the dog. But, I’ll take it to avoid a...
Back to the races: S&P 500 up 2.08% this morning as Omicron fears abate
Here we go again. It’s not that we really have any more information about the Omicron Variant–we certainly don’t know what its effects will be on global economic acuity–but just as fears that the Covid-19 variant would send the world back into...
Watch my new YouTube video–Trend of the Week: EVs Aren’t Only Cars
I’m starting up my videos again–this time using YouTube as a platform. My seventy-seventh YouTube video “Trend of the Week: EVs Aren’t Only Cars” went up today. Please watch and subscribe to my YouTube channel. And like my video....
Adding Bristol-Myers Squibb to my Jubak Picks Portfolio tomorrow
As I noted in my posts over the weekend, I think that along with all the general volatility and the rotation away from high moment and higher price-to-earnings ratio technology stocks, the last week or so saw a rotation into “safe” haven stocks such as...Jim’s Daily Email Alerts:
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