The best way to get a 5% yield–my choices and their pluses and minuses
Remember the good ol’ days when Treasuries paid 0% or so and you had to give a bank your toaster to open an account, paying 0.01%? Right now you can find a CD paying 5%–and it doesn’t require locking up your money until the sun goes super-nova...
Adding BHP to my Dividend Portfolio
You have to do a fair amount of work in rearranging the dividend numbers for BHP (BHP) to understand why this diversified commodities producer made my list of safe dividend stocks paying 6% or more. (Subscribers to my paid JubakAM .com site got the whole list of 5.)...
It’s a short week but with lots of potential worry and volatility
What’s on tap for this week? Volatility, volatility, volatility. Even though it’s a short Thanksgiving market week. Worry over the cryptocurrency meltdown of cryptocurrency exchange FTX. According to a Saturday bankruptcy filing in Delaware, FTX owes...
Fed talks; stocks retreat
Is the Federal Reserve now in the business of talking down stock prices whenever investors get too optimistic about interest rates? It sure looked like it today. Today, Wednesday, November 15, New York Fed President John Williams ended the day’s rally when he...
This should be enough to keep the rally going for another day: Netflix beats on earnings, new subscribers
After the close today, Octob er 18, Netflix (NFLX) reported fiscal third-quarter earnings that beat Wall Street projections and added far more subscribers than analysts had expected. After falling 1.73% in the regular session, the stock added 14.02% in after-hours...
Hello 3,800 my old friend, the S&P 500 has come to visit with you again–we still don’t have a trend yet
At the moment 3,800 on the Standard & Poor’s 500 is the place the market wants to be. Tumble toward 3,600 and the June low, and the market rallies as it did on Monday. Threaten to dip much below that 3,800 level as the market did today and stocks move back...
Adding General Motors to my Jubak Picks Portfolio today
Yesterday I added General Motors to my 10 Perfect Stock Picks Special Report on my subscription JubakAm.com site. (If you want to subscribe, you probably got a 20% off offer in your email today.) Here’s what I wrote in that Special Report on the buy. My #4 Pick...
Costco demonstrates strength in a very tough environment; keeping it as a portfolio pick
Shares of Costco Wholesale (COST) closed up 2.98% on September 26. The advance against the grain of a generally down market comes after the company announced a beat on both revenue and earnings for its fiscal fourth quarter on Thursday, September 22. The company...
CPI headline inflation likely to dip in Tuesday report–market will cheer; Fed will shrug
All attention on Tuesday morning’s report of Consumer Price Index inflation for August. It is likely to drive stocks higher in a continuation of Friday’s advance. But the report will not change the Federal Reserve’s mind about increasing interest...
CME FedWatch odds of 75 basis points at September 21 meeting rise to 90%–after that the picture gets murky.
According to the CME Fed Watch Tool, which calculates the odds of a Fed move in interest rates by looking at prices in the Fed Funds Futures market, the odds of a 75 basis point interest rate increase by the Federal Reserve at its September 21 meeting have climbed to...
Fed presidents sing higher interest rates song ahead of Powell’s speech on Friday
This week Fed presidents have set the table for Federal Reserve chair Jerome Powell’s Friday morning speech at the Jackson Hole central bankers’ conference. But it’s not clear that the financial markets are eating off the same menu. (I bought a box...
I think there’s a longer term trend (more than a day and maybe even beyond next week) in today’s big selling
The Standard & Poor’s 500 fell 1.29% at the close today, August 19. The NASDAQ Composite dropped 2.01%. The small-cap Russell 2000 lost 2.17%. The drop in the S&P was the biggest daily decline since June and it took that index to its first weekly loss...
Existing home sales hit two-year low in May–as prices see record high and mortgage rates rise
U.S. existing home sales tumbled to a two-year low in May as prices jumped to a record high-topping the $400,000 mark for the first time- and mortgage rates increased further, the National Association of Realtors reported today, June 21. It was the fourth straight...
Buying U.S. Natural Gas Fund in my Jubak Picks Portfolio
I’m using the continued weakness in natural gas prices and in the U.S. Natural Gas Fund (UNG) to add the shares to my Jubak Picks Portfolio. The U.S. Natural Gas Fund was down another 5.90% today to close at $23.78. A fire at the Freeport LNG facility, which...Fed faces inflation “disaster” as data show signs that inflation expectations are becoming embedded
The latest Consumer Expectations survey (that is for May) from the New York Federal Reserve shows U.S. households’ anticipate inflation will rise at a 6.6% annual rate over the next year. That’s up from April expectations for a 6.3% rate. The May...
May jobs comes in stronger than expected; that should put the kibosh on thoughts of a Fed pause in September
The U.S. economy added 390,000 jobs in May, the Labor Department reported this morning. Economists had expected the economy to add 318.000 jobs for the month. In April the economy added a revised 436,000 jobs. The unemployment rate stayed steady at 3.6%. Economists...
Stocks climb this morning on good retail news, but…
Retail sales rose in April by 0.9%, the Commerce Department reported today. Sales rose in nine of 13 retail categories, including for discretionary items such as apparel, electronics, and furniture. Further buttressing the case for continued consumer spending...
Will today’s huge bounce continue into next week? Here’s my take and recommendations for Monday action
It’s easier to explain why stocks, especially technology stocks, staged a huge rally today, Friday May 13, than to predict whether or not the BIG BOUNCE will continue on Monday. But here’s my take and my recommendation for what to do on Monday....
Inflation fell in April but not by as much as Wall Street had hoped
Inflation, as measured by the Consumer Price Index, fell in April to a year over year rate of 8.3%. That was down from an 8.5% rate in March, raising hopes that the economy had seen the inflation peak. But economists had been projecting a drop to 8.0% in April. Which...
The U.S. economy shrank at a 1.4% rate in the first quarter; stocks surge
The U.S. economy unexpectedly shrank at a 1.4% annualized rate in the first quarter of 2022, the Bureau of Economic Analysis reported Thursday, April 28. The first quarter results follow on a 6.9% growth rate in the fourth quarter. Economists had projected a 1% rate...
Projections of more aggressive Federal Reserve continue to hammer stocks
The financial markets have moved from pricing in 50 basis point increases in the Federal Reserve’s target interest rate at the May 4 and June 15 meetings to considering the possibility that the Fed will increase rates by 75 basis points in June and July. A 25...
Another round of higher oil prices headed our way
Today, April 21, reports from a number of different sources are pointing to lower oil production–which will mean higher oil prices. Even from current levels. And oil prices are significantly higher in the past three weeks. At 3:00 p.m. New York time today U.S....
Tesla crushes earnings
Tesla (TSLA) crushed Wall Street projections for first quarter earnings today, Wednesday, April 20. After the market close, the company reported record revenue of $18.756 billion, up 80.5% from the first quarter of 2021. (Wall Street analysts had expected revenue of...
IMF slashes global economic growth projections again
The International Monetary Fund cut its forecast for global economic growth in today’s regular update of its World Economic Outlook. The IMF is now projecting global economic growth of 3.6% in 2022. That’s down from a forecast of 4.4% growth in January...
After news of acquisition Pfizer pops 4.33% on day
Pfizer (PFE) will buy privately held respiratory syncytial virus drug maker ReViral for up to $525 million. Wall Street liked the deal–the stock was up 4.33% today, April 7–because it fits with Pfizer’s RNA virus program–which produced a...
Oil tumbles again–I think the selling is an over-reaction
Today, April 6, oil fell to the lowest since mid-March today. U.S.benchmark West Texas Intermediate closed below $97 a barrel at $96.23 (down 4.98%) for May delivery. International benchmark Brent lost 4.63% to close at $101.07 a barrel. The news driving the selloff:...
Is this stock market too directionless to be tradable in the short-term?
On Monday consumer discretionary stocks gained as investors decided risk was again “buyable.” The Consumer Discretionary Select Sector SPDR ETF (XLY) gained 2.25% on the day while the Consumer Staples Select Sector SPDR ETFdipped 0.31%. Tuesday,April 5...
China puts Shanghai into Omicron lockdown
The city of 25 million and China’s financial hub began a phased lockdown today. A wave of Omicron infections in Shanghai hit a record of 3,450 daily asymptomatic cases on Sunday. That’s nearly 70% of China’s total. The lock down on eastern side of...
Oil is up, stocks (outside energy) are down–how long will this anti-correlation last?
Oil rallied again today with U.S. benchmark West Texas Intermediate up 4.79% on the day to $114.79 a barrel and international benchmark Brent up 5.12% to $121.39 a barrel. So, naturally, oil and gas equities stocks are up today. And the broader market is down. What...Jim’s Daily Email Alerts:
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