November 14, 2017 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. Items include posts like this from today: “Japanese investment bank Mizuho reports that its field checks of Apple’s (AAPL) Japanese suppliers show slower-than-anticipated improvements in yields for iPhone X components. In particular the 3D-sensing module remains a bottleneck. Yields have improved on the OLED panels for the phone’s screen. Mizuho lowers its forecast for total aggregate production by about 1% and notes that ASPs (average selling price) could come in below forecast. Mizuho notes that in September quarter ASPs at $618 were below consensus of $638.”
November 14, 2017 | Daily JAM, Morning Briefing, Short Term |
This morning the International Energy Agency cut it monthly forecast for crude oil demand by 100,000 barrels a day for 2017 and 2018. U.s. benchmark West Texas Intermediate fell 2.77% to $55.17 a barrel. (West Texas Intermediate has been slipping lower since it closed at $57.35 on November 6.) International benchmark Brent crude fell 2.82% to $61.38 a barrel.
November 13, 2017 | Daily JAM, MGM, Stock Alerts |
On November 8 MGM Resorts International (MGM) reported third quarter earnings of 33 cents a share. That was a penny below Wall Street estimates. Revenue climbed 12.3% year over year to $2.83 billion, above analyst projections by $70 million. Revenue from the company's...
November 13, 2017 | Daily JAM, NKTR, Stock Alerts |
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November 13, 2017 | Daily JAM, NKTR, Stock Alerts, Volatility |
Shares of Nektar Therapeutics (NKTR) are up another 16% this morning to $37.89 as of noon New York time on data presented this weekend at the annual meeting of the Society for Immunotherapy of Cancer from an early trial of Nektar's NKTR-214. The data looked at the...
November 13, 2017 | Daily JAM, Morning Briefing |
It’s not the actual inflation rate but for the Federal Reserve it’s perhaps even more important: In the latest survey of 1,200 households for October, the New York Fed Reserve Bank sees an increase in expectations for inflation in October 2018 to 2.61%. That’s up from the 2.54% expected increase in inflation over the next 12 months recorded in this survey in September.
November 12, 2017 | Daily JAM, Friday Trick or Trend |
The House version of the tax cut legislation is headed for a planned vote in the full House of Representatives this week. The Senate Finance Committee is scheduled to begin consideration of its version of a tax cut bill on Monday. Republican leaders in the Senate say they want to hold a vote in the full Senate before Thanksgiving, which falls on November 23 this year. The problem–and it’s just a teeny, tiny one–is that the two bills aren’t compatible.
November 11, 2017 | Daily JAM, Uncategorized |
General Electric’s (GE) investors day presentation is scheduled to begin at 9 a.m. New York time on Monday, November 13. New CEO John Flannery will announced whether or not he’ll cut GE’s dividend, sell off divisions such as, potentially, the company’s healthcare business, and how he plans to return the company to growth.
November 10, 2017 | Daily JAM, Stock Alerts, SYNA |
Synaptics (SYNA) announced September quarter (first fiscal 2018 quarter) earnings after the market close on November 7. Earnings of $1.03 a share were 7 cents a share above the Wall Street consensus. Revenue climbed 8.1% year over year to $417 million against the $399...
November 10, 2017 | BABA, Daily JAM, Stock Alerts |
Alibaba (BABA) generated $1 billion in gross merchandise volume in just the first three minutes of the Singles' Day shopping event in China today. By the end of two hours the sales volume was just shy of $12 billion. The company's Alibaba Cloud unit processed 325,000...
November 9, 2017 | Daily JAM, NKTR, Stock Alerts, Volatility |
On the evening of October 31 I wrote that a decision onwhat to do with the Netkar Therapeutics options (NKTR180119C00022000)--the January 19, 2018 call at $22--that I added to my Volatility Portfolio back on May 16, 2017 at a price of $2.64 (the closing options price...
November 9, 2017 | Daily JAM, Morning Briefing |
Jittery. That’s how I’d characterize action on U.S. stock markets today. As of just before 4 p.m., the Standard & Poor’s 500 stock index was off 0.32%. The NASDAQ Composite was lower by 0.56%. And the small cap Russell 2000 was down 0.46%. These aren’t huge declines but they do stand out in contrast to the steady gains the market has piled on in most days recently. The most obvious explanation is worry over the fate of the tax cuts in Congress
