October 26, 2016 | Daily JAM, Morning Briefing, Short Term |
Apple closed today down 2.25%. That was enough to make the technology sector one of the worst performing sectors of the day with a decline of 0.5%. The indexes also felt continued downward pressure from the healthcare sector, down 0.7%, and from a drop in oil prices.
October 25, 2016 | Daily JAM, Stock Alerts |
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October 25, 2016 | Daily JAM, FCX, Stock Alerts |
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October 25, 2016 | Daily JAM, Morning Briefing, Short Term |
This isn’t the pattern I want to see–although it is the one I’m worried about. Caterpillar (CAT) beat Wall Street earnings estimates for the third quarter by 9 cents; 3M (MMM), for its part, beat by a penny. But both companies also lowered guidance for the fourth quarter to a level below Wall Street projections.
October 24, 2016 | Daily JAM, Stock Alerts |
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October 24, 2016 | Daily JAM, Morning Briefing |
Apple (AAPL) is set to report earnings for the quarter that ended on September 30 (fiscal fourth quarter earnings for Apple) tomorrow after the market’s close. The stakes are higher than usual. Wall Street is forecasting that iPhone sales will be just 45 million units for the quarter–which would produce the third consecutive quarterly decline in iPhones sale and the first ever year over year drop in sales volumes
October 22, 2016 | Uncategorized |
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October 22, 2016 | Daily JAM, Friday Trick or Trend, Short Term |
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October 21, 2016 | Daily JAM, Morning Briefing |
The new weekly report from Baker Hughes showed the number of active rigs drilling for oil and natural gas in United States climbed again. The rig count report, released today, shows an increase of 14 rigs this week to 553. The bulk of the increase came in rigs drilling for oil, where the rig count climbed by 11 to 443.
October 20, 2016 | Daily JAM, ITUB, Stock Alerts |
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October 20, 2016 | Daily JAM, Morning Briefing |
Financial markets were hoping to hear something from the European Central Bank and its president Marie Draghi after today’s policy meeting about extending the bank’s current 80 billion euros ($88 billion) a month program of asset buying behind its current March 2017 expiration. Instead all financial markets heard was Draghi promise that the bank wouldn’t put an abrupt end to asset purchases in March
October 20, 2016 | Daily JAM, VIX |
Given all the negatives I listed about the outlook on the current market in my post “Three moves for a vulnerable market” on Tuesday options to hedge volatility seem cheap. Which suggests a solid opportunity for profit if volatility picks up as we get closer to the December 14 meeting where the Federal Reserve is likely to raise interest rates.