July 25, 2018 | Daily JAM |
Yesterday, Tuesday, July 24, the Shanghai Composite Index rose 1.6% on Tuesday for its biggest three-day rally since March 2016 as the Chinese government announced measures to bump up economic growth. The plans, as usual, centered on infrastructure spending, with the...
July 25, 2018 | Daily JAM |
The NASDAQ Composite Index broke higher out of the gate yesterday, July 24, climbing to 7928 at 9:39 a.m. New York time and staying solidly to the upside through 10:22 at 7924.53 on strong earnings from Alphabet (GOOG). But then the index proceeded to slide lower to...
July 24, 2018 | Daily JAM, Morning Briefing, Short Term |
The major indexes were up today on Alphabet's (GOOG) huge quarter, reported yesterday. The Standard & Poor's 500 stock index closed ahead 0.48% and the Dow Jones Industrial Average was up 0.79% at the close. Alphabet itself finished the day with a gain of 3.53%....
July 23, 2018 | Daily JAM, PYPL, Stock Alerts |
Shares of PayPal Holdings have soared ahead of Wednesday, July 25, earnings--and the move is actually on some news. Today, for example, peer to peer payment competitor Snapcash announced that it would shut down. That's one less competitor in a brutally competitive...
July 23, 2018 | Daily JAM |
Oil markets have apparently become immune to threats and counter threats from the Trump administration and the regime in Iran. In a Twitter post late Sunday, President Donald Trump wrote, “To Iranian President Rouhani: NEVER, EVER THREATEN THE UNITED STATES AGAIN OR...
July 23, 2018 | Daily JAM |
Wall Street and economists and the Trump administration and investors are expecting big good news in Friday's first report of second quarter GDP growth. Economists surveyed by Briefing.com projected 4.1% year over year growth for the quarter that ended in June. It's...
July 23, 2018 | Daily JAM, Mid Term, Morning Briefing, You Might Have Missed |
Existing home sales fell 0.6% month-over-month in June to a seasonally adjusted annual rate of 5.38 million. The consensus among economists surveyed by Briefing.com called for an annual rate of 5.45 million units. The May sales rate was revised down to a 5.41 million...
July 22, 2018 | Daily JAM |
...earnings, earnings, earnings for the big tech stocks that are so often the market leaders. (Saturday Night Quarterback 1 yesterday focused on the other big story this week, China tariffs.) Facebook (FB) Alphabet (GOG), Amazon (AMZN), Twitter (TWTR), and Intel...
July 21, 2018 | Daily JAM |
...two big market-moving possibilities to watch, tariffs and earnings for the big tech leaders. I'll deal with tariffs today and then take up earnings tomorrow. Last week ended with President Donald Trump saying, he's "ready to go" with tariffs on $500 billion of...
July 20, 2018 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series ( actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. A report...
July 20, 2018 | Daily JAM, MSFT, Stock Alerts |
Going into yesterday's earnings report from Microsoft, I felt torn. On the one hand, the stock had hit an all time record high on the strong guidance for the June quarter back in April. How much higher could the stock go? Would guidance for the September quarter prove...
July 20, 2018 | Daily JAM, FXY, Morning Briefing, Perfect Five-ETFs, Short Term |
For a second straight day President Donald Trump has tweeted out criticism of the Federal Reserve's policy decision to raise interest rates. In his tweets today the President wrote: "China, the European Union and others have been manipulating their currencies and...