May 11, 2018 | Daily JAM, Friday Trick or Trend |
I know it’s hard to pay attention to NAFTA while we’re anticipating President Donald Trump’s sit down with North Korea’s President Kim and pondering the effects of the President’s decision to pull the U.S. out of the Iran nuclear deal, but the talks to negotiate a new deal with Mexico and Canada on NAFTA are getting very, very close to a deadline. Â And it looks like there won’t be an agreement in time for Congress to vote. No one, however, is quite sure what that would mean.
May 11, 2018 | Daily JAM |
The preliminary University of Michigan Consumer Sentiment Survey showed the index holding steady with the final reading for April of 98.8. That means the index remains near a 14-year high. A good thing, I’d say.n But there was some slippage that suggests keeping a close watch on the index and the economy–and especially on inflation expectations.
May 10, 2018 | Daily JAM, NVDA, Stock Alerts |
Okay, if you're a trader I sort of understand selling Nvidia (NVDA) after today's earnings report: Sell on the news; How can it get better? How long can the company keep it up? After all, the stock closed today just pennies below it's all time high. (It's the...
May 10, 2018 | Daily JAM, Volatility, You Might Have Missed |
Remember just two weeks ago when all the talk was about the end of the cycle? How this was as good as things were going to get? About how profit margins had peaked? Today? Well, we’re knocking at the doors of those highs again.
May 10, 2018 | Daily JAM |
Oil prices are little changed so far today with West Texas Intermediate off 0.04% to $71.11 a barrel as of noon New York time and international benchmark Brent down 0.06% to $77.16 a barrel. The exchange of rockets and bombs between Iranian forces in Syria and Israeli units in the Golan Heights certainly ratcheted up fear of spreading conflict in the Middle East. That would ordinarily have been enough to send oil prices higher on the day
May 9, 2018 | Daily JAM, SEDG, Stock Alerts |
SolarEdge Technologies (SEDG), a member of my Jubak Picks portfolio, reported first quarter earnings today after the New York markets closed of 87 cents a share, 7 cents a share better than Wall Street projections. Revenue climbed 82.4% year over year (and 10.8% from...
May 9, 2018 | 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. A representative item will look like the from today: “10:20 a.m.: Bloomberg has reported that Qualcomm (QCOM) is considering exiting the market for server chips. Qualcomm started production shipments of its ARM-based 48-core Centriq 2400 server processors only last November. A Qualcomm retreat would be good news for Intel (INTC) and its 50% margins on its server chips with their $5 billion a quarter revenue rate.”
May 9, 2018 | Daily JAM |
Today crude oil is up, in a strong but orderly move. Two catalysts. First, yesterday President Donald Trump announced that the U.S. would pull out of the 2015 Iran nuclear deal. Second, U.S. crude inventories unexpectedly dropped last week, the U.S. Energy Information Administration reported. Inventories fell by 2.2 million barrels. Oil analysts were looking for an increase in inventories of 1 million barrels.
May 8, 2018 | Daily JAM, Morning Briefing |
Special Premium Report Part 2: My 2018 earnings boom profit strategy–and five more picks. First quarter earnings season is dead. Viva la 2018 earnings boom. And Part 2 of my strategy for profiting from that boom. Part 1 turned out pretty well.
May 8, 2018 | Daily JAM, Morning Briefing |
I think you could make a case that the fears set off by Caterpillar’s “high water mark” comment in its earnings conference call set the tone for much of earnings season where traders and investors sold down the shares of almost every company that reported an earnings surprise. Now, however, Caterpillar is taking it all back.
May 7, 2018 | Daily JAM, PXD, Stock Alerts |
So much near-term noise. Since Pioneer Natural Resources (PXD) reported earnings on May 2--the company beat Wall Street estimates on earnings by 16 cents a share and reported revenue in-line with projections and up 56.5% year over year--there's been so much noise in...
May 7, 2018 | Daily JAM, Morning Briefing, NVDA, SEDG, Volatility, You Might Have Missed |
With the Federal Reserve and Apple’s earnings behind us, this week the market has responded by strongly bidding up the prices of Nvidia and SolarEdge Technologies–and their options–strongly ahead of earnings announcements on May 9 and on May 10. I added call options on these stocks to my Volatility Portfolio on April 17 as the first move in my strategy for profiting from the 2018 earnings boom. My gains: 49% and 70%
