March 17, 2021 @ 6:56 pm | Breaking News |
At today’s (March 17) meeting of its Open Market Committee the Federal Reserve held its target interest rate at 0% to 0.25% and continued its commitment to buying $120 billion a month in Treasuries and mortgage-backed assets, as expected. But the central...
March 17, 2021 @ 6:50 pm | Breaking News |
I’m starting up my videos again–this time using YouTube as a platform. The fifteenth YouTube video “3 Disney Picks” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
March 16, 2021 @ 6:44 pm | Breaking News |
On Wednesday the Federal Reserve will update its projections for GDP growth, inflation, and the timing of any interest rate increase. In December, Fed officials, on the famous (or infamous) dot plot indicated that that central bank officials expected to hold benchmark...
March 15, 2021 @ 7:38 pm | Breaking News, Jubak Picks Portfolio, MGM |
Shares of MGM Resorts International (MGM) are up 15.16% since I added them to my Jubak Picks Portfolio on February 11, 2021. I don’t think the gains are done for this casino and hotel stock. Today I’m raising my target price to $48 a share from the current...
March 15, 2021 @ 7:32 pm | Breaking News, Jubak Picks Portfolio, MRVL |
Today, March 15, shares of Marvell Technology Group (MRVL) closed at $48.08, slightly above my target price of $48 a share. In this very volatile market for technology stocks, I’m going to take my almost 20% profit (19.90% to be exact) and sell these shares out...
March 15, 2021 @ 7:28 pm | Breaking News |
With everything going on, it’s easy to forget about the upcoming meeting of the Federal Reserve’s interest rate setting body, the Open Market Committee, on Wednesday. Which would be a mistake because, in my opinion, nothing is more important than interest...
March 12, 2021 @ 7:25 pm | Breaking News |
The yield on the 10-year Treasury note climbed to 1.62% today, March 12. That’s a jump of 9 basis points on the day. (It takes 100 basis points to make up one percentage point.) Following the recent pattern, the climb in yields meant a drop in the prices of...
March 12, 2021 @ 7:20 pm | Breaking News |
Before you get too excited by that headline, note that a 30% hike in the dividend at Wheaton Precious Metals (WPM) will bring the payout to just 13 cents for the first quarter of 2021. But that’s still, as my grandmother used to say, better than a poke in the...
March 11, 2021 @ 7:45 pm | Breaking News |
I left my keyboard at 11:30 this morning to go for a walk in my neighborhood. The temperature was near 60 degrees in New York City. The sun was out. Restaurants with outdoor space were full. Columbia and Barnard students were out in skirts and even a few tank tops....
March 11, 2021 @ 7:40 pm | Breaking News |
New claims for unemployment dropped to 712,000 in regular state programs in the week ended March 6, the Labor Department reported today. That drop of 42,000 from the prior week was a bigger drop than economists had projected. Economists surveyed by Bloomberg were...
March 10, 2021 @ 6:48 pm | Breaking News |
I’m starting up my videos again–this time using YouTube as a platform. The fourteenth YouTube video “3 Picks for Continued Volatility” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
March 10, 2021 @ 6:40 pm | Breaking News |
In the last few days the yield on the 10-year Treasury note has tumbled from 1.6% on Monday, March 8, to 1.54% on Tuesday to 1.52% today. That’s brought a breather selling that had, by Monday, pushed the NASDAQ Composite index into a correction of around 11%...
March 10, 2021 @ 6:34 pm | Breaking News |
Headline inflation, as measured by the consumer price index, climbed 0.4% month over month in February the Bureau of Labor Statistics reported today. That puts the year over year increase in headline inflation at 1.7%. (The big increase in the month was in gasoline...
March 9, 2021 @ 7:49 pm | Breaking News |
Technology stocks, so pummeled yesterday, roared back today. The NASDAQ Composite gained 3.69% on the day. The NASDSQ 100 with its huge waiting to BIG TECH closed up 4.03%. After yesterday, a day when the recent rotation into value, cyclical, and vaccine recovery...
March 9, 2021 @ 7:42 pm | Breaking News, FXY, Jubak Picks Portfolio, VGIT |
Let’s be clear. I don’t have any idea of when the current selling in technology and high-valuation growth momentum stocks will end. It does seem likely to me, even after the March 9 bounce, that the rotation into cyclicals, vaccine recovery stocks, and...
March 8, 2021 @ 7:44 pm | Breaking News |
Two indexes will tell you what you need to know about today’s stock market action. The Dow Jones Industrial Average, driven by cyclicals, vaccine recovery stocks, and consumer stocks rose to an intraday record high. After a slight retreat at the end of the...
March 5, 2021 @ 7:04 pm | Breaking News, Jubak Picks Portfolio, MRVL |
While the NASDAQ Composite and Standard & Poor’s 500 were flirting with a correction on Thursday, March 4, Marvell Technology Group (MRVL) has moved into its own better than 10% drop in just the last week. The stock is down 13.89% in the last week as of the...
March 5, 2021 @ 6:56 pm | Breaking News |
Maybe it was just investors and traders having second thoughts about selling stocks on a day when the economy delivered a surprisingly strong jobs report for February. After all, isn’t stronger economic growth a good thing for company revenue and earnings? Maybe...
March 5, 2021 @ 6:53 pm | Breaking News |
Stocks broke out of the gate today seemingly determined to turn a big three-day losing streak into an even bigger four-day plunge. At 11:30 a.m. today, March 5, the Standard & Poor’s 500 was down 1.04%. The NASDAQ Composite was lower by 2.6%. The high...
March 4, 2021 @ 7:31 pm | Breaking News |
I’m not sure that it rises to the level of a “taper tantrum” but the financial markets wanted Fed chair Jerome Powell to signal that the central bank would increase its bond buying at the 10-year end of the yield curve in order to depress rising...
March 4, 2021 @ 7:27 pm | Breaking News |
Back on February 23, I wrote a post with the headline “Everything is down today” and added that while I wasn’t buying everything on the dip I was doing some selective nibbling. Today’s market looks almost exactly the same–if a bit more so...
March 4, 2021 @ 7:20 pm | Breaking News |
I’m starting up my videos again–this time using YouTube as a platform. The thirteenth YouTube video “2 Hedges for All Your Market Worries” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
March 4, 2021 @ 7:13 pm | Breaking News, Jubak Picks Portfolio |
Call this making sure we’re all on the same page. Yesterday in my YouTube video and in my latest addition to my Special Report: “Profit and Protect” I added the U.S. Copper Fund ETF (CPER) and the Invesco KBW Bank ETF (KBWB) to my Perfect Five ETF...
March 2, 2021 @ 7:23 pm | Breaking News, Jubak Picks Portfolio |
Shares of biotech stock Incyte (INCY) have been down significantly in 2021. For the year to date, as of the close on March 2, the shares were down 8.45%. In the last month they’ve tumbled 12.42%. So what’s wrong? Pretty much nothing. With the individual...
March 2, 2021 @ 7:20 pm | Breaking News |
Stocks are neither moving ahead to follow up on yesterday’s big gains. Nor selling off under the wave of profit taking. Given the news calendar on Thursday and Friday that’s about what I’d expect. We’re due for a bushel of potentially...
March 1, 2021 @ 7:57 pm | Breaking News |
Treasury yields ended the day slightly lower (which means prices were slightly higher) than earlier in the day. The 5-year Treasury note, for example, ended with a yield of 0.69% after trading with a yield of 0.72% earlier in the day. (The low yield for the day was...
March 1, 2021 @ 7:54 pm | Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, PANW |
After the close on Monday February 22 Palo Alto Networks (PANW) reported a loss of $1.42 million (or $1.48 a share) on revenue of $1.02 billion million for the company’s fiscal second quarter. Adjusted earnings–which exclude share-based compensation and...
March 1, 2021 @ 7:47 pm | Breaking News, CTVA, ILMN, Jubak Picks Portfolio, Jubak Top 50 Portfolio, WST |
As of 2 p.m. New York Time today, March 1, the Standard & Poor’s 500 was up 2.57% and the Dow Jones Industrial Average was higher by 2.30%. The NASDAQ Composite had climbed 2.80% and the NASDAQ 100 had gained 2.83%. The small cap Russell 2000 had added...
February 25, 2021 @ 6:57 pm | Breaking News |
Yields on U.S. Treasuries hit 1.61% early today before pulling back slightly to 1.51% as of 3 p.m. New York time. It’s not just the rise in yields or even the magnitude of the increase that has so disconcerted the bond market today, February 25. It’s the...
February 25, 2021 @ 6:53 pm | Breaking News |
Shares of Tesla (TSLA) fell 8.06% today, February 25, to close at $682.22 a share. Tesla traded at $883.09 a share just a month ago on January 26. Part of that drop, of course, is due to the sell off in the general market, especially for high multiple, high momentum...