December 23, 2021 @ 7:16 pm | Breaking News, Buy Hold Sell |
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...
December 16, 2021 @ 7:58 pm | Breaking News, Buy Hold Sell |
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...
December 10, 2021 @ 6:47 pm | Breaking News, Buy Hold Sell |
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....
December 9, 2021 @ 7:03 pm | Breaking News, Buy Hold Sell |
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...
December 8, 2021 @ 7:08 pm | Breaking News, Buy Hold Sell, Jubak Picks Portfolio, NKTR |
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...
December 6, 2021 @ 7:03 pm | BMY, Breaking News, Buy Hold Sell, Jubak Picks Portfolio |
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...
December 2, 2021 @ 6:57 pm | Breaking News, Buy Hold Sell, Jubak Picks Portfolio, Jubak Top 50 Portfolio |
Want to know exactly how volatile the stock market is right now? Yesterday investors and traders got news that the first case of the Omicron Variant had been recorded in California. On that, and some “We’ll tighten sooner than expected” remarks from...
December 1, 2021 @ 7:00 pm | AMAT, Breaking News, Buy Hold Sell, DIS, Jubak Picks Portfolio, Jubak Top 50 Portfolio, MGM |
After a huge rally like we’re had this year, it’s easy to fall into one of the most common buy on the dip traps. Just because a stock is cheaper than it was, it’s not necessarily a bargain. There’s nothing that says a stock has to return to its...
November 30, 2021 @ 6:47 pm | Breaking News, Buy Hold Sell |
Federal Reserve Chair Jerome Powell retired the word “transitory” to describe stubbornly high inflation in testimony today in front of the Senate Banking Committee. And, Powell continued, the Fed might accelerate the pace at which it is winding down its purchase of...
November 29, 2021 @ 6:55 pm | Breaking News, Buy Hold Sell |
Today, Monday November 29, it’s a tale of two bounces from Friday’s big sell off. Technology stocks and especially big technology stocks are up big. At the close in New York Applied Materials was up 5.53%. Adobe (ADBE) was ahead 3.83%. Nvidia (NVDA) was...
November 22, 2021 @ 7:51 pm | Breaking News, Buy Hold Sell |
I realize this is very contrarian, but… This morning President Joe Biden announced that he will renominate Jerome Powell to another four-year term as chairman of the Federal Reserve. Wall Street sounds like it’s generally happy with the...
November 22, 2021 @ 1:57 pm | Breaking News, Buy Hold Sell |
This week I expect a test of the Friday’s rotation into technology stocks and away from anything that depends on economies remaining relatively free of Pandemic restrictions. On Friday, the winners were technology shares–Apple, Amazon, Tesla, Nvidia, for...
November 19, 2021 @ 7:52 pm | Breaking News, Buy Hold Sell |
I’m starting up my videos again–this time using YouTube as a platform. My seventieth YouTube video “The rally narrows–or does it?” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
November 16, 2021 @ 7:50 pm | Breaking News, Buy Hold Sell |
U.S. retail sales rose in October for a third month. The value of overall retail purchases increased 1.7% last month, the most in seven months, the Commerce Department said today, November 16. Excluding gas and motor vehicles, sales gained 1.4% in October. The figures...
November 8, 2021 @ 6:52 pm | Breaking News, Buy Hold Sell, Jubak Picks Portfolio, Jubak Top 50 Portfolio |
There was a mad scramble today as Wall Street tried to identify the winners from the $1.2 trillion ($550 billion in new money) infrastructure bill passed by the House of Representatives (finally) late on Friday night. President Joe Biden will sign the bill, which...
October 7, 2021 @ 7:41 pm | Breaking News, Buy Hold Sell |
Economists surveyed by Bloomberg are expecting the economy to have added 500,000 jobs in September. Anything way above or way below the number will move expectations on when the Federal Reserve will begin to reduce its monthly purchases of Treasuries and...
October 5, 2021 @ 7:00 pm | Breaking News, Buy Hold Sell |
After Monday’s selling, the Standard & Poor’s 500 was down 5.2% from its September 2 high. And as has been usual lately that drop brought the buy-the-dip investors and traders out in force today, Tuesday, October 5 At the close the Standard &...
October 4, 2021 @ 8:14 pm | Breaking News, Buy Hold Sell |
The Hong Kong Stock Exchange suspended trading in shares of China Evergrande after the Chinese developer missed a key bond interest payment last week. That’s led to selling across Chinese stocks with, as of the close in New York, shares of Alibaba (BABA),...
April 20, 2021 @ 10:30 pm | Breaking News, Buy Hold Sell |
This won’t help an already nervous market one bit. Today, April 20, after the close Netflix (NFLX) reported first-quarter subscriber growth way below projections. The stock was down 1.21% in after-hours trading as of 4:30 p.m. New York time. Revenue of $7.16...
March 26, 2021 @ 7:52 pm | Breaking News, Buy Hold Sell, C, Dividend Income Portfolio, Jubak Picks Portfolio, KBWB, USB, You May Have Missed |
U.S. banks that pass their next stress tests will allowed to raise their dividends after June 30, the Federal Reserve said yesterday, March 25. The Fed will also lift any remaining restrictions on stock buybacks. Limits on dividend payouts to investors and share...
March 23, 2021 @ 7:04 pm | Breaking News, Buy Hold Sell |
This weeks long list of Treasury auctions started off with a very good sale of $60 billion in two-year notes today. Today’s sale came with a yield of 0.152%–yep that’s where interest rates are right now–on the two year note. That matched the...
February 23, 2021 @ 11:15 am | Breaking News, Buy Hold Sell |
Yesterday tech tumbled but utilities, commodities like copper and even gold, and many “vaccine recovery” plays gained. Today almost everything is down. Which to me is a sign that this now 6-day downturn is getting closer to an end. Right now, as of 1:30...
February 11, 2021 @ 7:45 pm | Breaking News, Buy Hold Sell |
In a speech on Wednesday, Federal Reserve chair Jerome H. Powell said that the unemployment rate in January was “close to 10%, not the 6.3% rate reported by the Labor Department last week. Part of the problem is a misclassification of unemployed workers as employed....
February 10, 2021 @ 7:29 pm | Breaking News, Buy Hold Sell, Dividend Income Portfolio |
I’m starting up my videos–this time using YouTube as a platform. The tenth YouTube video “Avoiding Di-Worisification in 2021” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
February 4, 2021 @ 7:37 pm | Breaking News, Buy Hold Sell |
Today, February 4, the Labor Department reported that new claims for unemployment in regular state unemployment programs for the week ended January 30 fell to 779,000 on an adjusted basis. That was a drop of 33,000 from the previous week and it marks a third straight...
February 3, 2021 @ 7:00 pm | Breaking News, Buy Hold Sell |
I’m starting up my videos again–this time using YouTube as a platform. The ninth YouTube video “Trading Rationally in an Irrational Market” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
January 21, 2021 @ 7:17 pm | Breaking News, Buy Hold Sell |
I’m starting up my videos again–this time using YouTube as a platform. The seventh YouTube video “5 picks for after the pandemic” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
January 13, 2021 @ 6:50 pm | Breaking News, Buy Hold Sell |
I’m starting up my videos again–this time using YouTube as a platform. The sixth YouTube video “4 stock picks for the chip shortage” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
January 5, 2021 @ 5:54 pm | Breaking News, Buy Hold Sell, Dividend Income Portfolio, VGSH |
It’s unusual, to say the least, to have a dividend portfolio match the returns on the Standard & Poor’s 500–especially in a year when the S&P 500 was setting an all time high–but that’s what happened in 2020. My Dividend Portfolio...
December 21, 2020 @ 10:33 pm | Breaking News, Buy Hold Sell |
The major indexes aren’t showing much of a move today even on the news that a new coronavirus stimulus/relief bill is like to pass today (along with the massive fiscal 2021 spending bill for the rest of the government.) I think a good part of that lack of...