July 31, 2018 | Daily JAM, Mid Term |
This Special Report is under construction. Sorry the process is taking so long. I badly strained my left hand in a fall last week and it's made typing difficult. But all clear now and I 'm pushing ahead with this as fast as I can to complete the full ten picks. I've...
July 31, 2018 | Daily JAM, Mid Term |
The Personal Consumption Expenditures price index for June climbed 0.1% at both the headline and core (excluding food and energy prices) levels. That was a tad lower than the 0.2% increase expected by economists surveyed by Briefing.com. (The PCE index is the Federal...
July 31, 2018 | Daily JAM, Morning Briefing |
Representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are talking about ways to resume the suspended talks on tariffs and trade. There is, so far, no timetable for restarting the talks and there isn't agreement on a list of issues...
July 30, 2018 | Daily JAM, Morning Briefing, Short Term |
The U.S. stock market has picked up where it left off last week. Investors and traders are selling technology. Today as of 2:30 p.m. New York the big disappointers from last week are down heavily. Twitter (TWTR) is lower by 7.63%, Netflix (NFLX) is down 4.91%, and...
July 28, 2018 | Uncategorized |
... much less earnings drama now that Facebook (FB), Amazon (AMZN), Netflix (NFLX) and other big tech market leaders have reported. But next week has a bumper crop of earnings reports scheduled with many of them in the important industrial sector where the effects of...
July 27, 2018 | Daily JAM, Mid Term, Volatility |
Facebook (FB) falls almost 20%. Netflix (NFLX) tumbles 14%. Twitter (TWTR) is down 21% on earnings. Intel (INTC) finished today down 9%. And yet the CBOE Volatility Index (VIX), which measures the price that traders are willing to pay to hedge risk VIX, the so-called...
July 27, 2018 | Daily JAM, Morning Briefing |
U.S. GDP (in real terms) grew at a seasonally adjusted annual rate of 4.1% in the second quarter. The economy hasn't seen 4% growth in the memory of most Wall Street analysts (who do, I admit, have short memories), but it still wasn't enough. Economists had been...
July 26, 2018 | AMZN, Daily JAM, Stock Alerts |
A day after Facebook (FB) told Wall Street analysts to expect slower growth for the rest of 2018 (and saw its stock plunge 18.96%) Amazon (AMZN) beat Wall Street earnings projections by a massive $2.58 a share, reporting earnings for the second quarter of $5.07 versus...
July 26, 2018 | Daily JAM, FB, Morning Briefing |
Golly gee, what could be the big story in the U.S. markets today? How about the rout in Facebook (FB) shares--down 18.96% or $41.24 to $176 at the close. That $112 billion dollar drop in the market value of Facebook gives the company the record for the largest one day...
July 25, 2018 | Daily JAM |
Or, more precisely, it was guidance disappointment day as big U.S. industrials such as General Motors (GM), Pentair (PNR), and Boeing (BA) reported earnings and then issued guidance for the rest of 2018. Earnings for the quarter were, generally, fine. General Motors,...
July 25, 2018 | Daily JAM, Stock Alerts, T |
Today's 4.51% drop in shares of AT&T (T) on a relatively mild revenue disappointment announced after the market close yesterday has considerably de-risked the stock. At the current 3:30 p.m. New York price of $30.25 the stock pays a dividend yield of 6.61%. Yes,...
July 25, 2018 | Daily JAM, Morning Briefing, Short Term |
Remember last week when oil prices didn't move much even after the U.S. Energy Information Administration reported a surprise 5.8 million barrel build in U.S. oil inventories--when oil analysts were expecting a drop in inventories? At the time I suggested it was...