Notes You Need for July 19: AMZN, ABT, IBM, AA, CSCO, QCOM deal, initial claims, Japan trade, President on dollar and Fed, Russia GDP, White House Fed walk back
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...
Is a slow-motion credit crunch already here?
Thanks, folks. For weeks now I've been writing about an impending credit crunch that would produce a reset (a polite term for a big whoosh down the toilet) in global asset prices. The problem, I've noted, is that while a credit crunch seems likely, putting a time to...
The oil price that didn’t bark in the night
Sometimes it's how the market doesn't react that's important. Today the U.S. Energy Information Administration reported a surprising build in U.S. crude oil inventories of 5.8 million barrels for the week ended on July 13. This comes after a big drawdown of 12.6...
Selling my Equinor call options out of the Volatility Portfolio tomorrow
Oil prices continue to slip--very, very slowly--on fears that many of the world's oil buying countries will either directly or indirectly flout U.S. calls for new sanctions on Iran and a halt to purchases of Iranian oil by a Trump administration deadline of November...
Next earnings season test after Netflix? Microsoft
The Netflix (NFLX) drop yesterday (14.27%) and today (5.24%, which actually showed a recovery from the after-hours tumble) on the company's disappointing guidance for the third quarter says that we're still on track for a test of the earnings rally. But the test has...
Fed chief’s Senate talk calms markets after Netflix guidance disappointment
In his semiannual Senate testimony on the state of the U.S. economy this morning Federal Reserve chair Jerome Powell gave the U.S. economy a strong thumbs up--at least if the tariff war doesn't hit the global economy too badly. (Powell completed his testimony tomorrow...
Testing the rally: Netflix beats on earnings but lowers guidance
This is exactly the scenario I've been worried about. Now let's see how the market reacts tomorrow Today, after the market close, Netflix (NFLX) reported second quarter earnings of 85 cents a share that beat the consensus analyst projection of $79 cents. (The whisper...
Bank of America beats on earnings, confirms 25% dividend hike
Shares of Bank of America (BAC) closed 4.27% higher today after the company announced second quarter earnings of 63 cents a share, 6 cents a share above the Wall Street consensus. Revenue fell 0.9% year over year but at $22.6 billion it still exceeded the $22.5...
My August 17 NKTR calls run out of time–selling out of the Volatility Portfolio
The catalysts are out there, as Fox Mulder, might say, but the August 17 call options with a strike of $60 have run out of time. I'm selling today with a 86% loss since I added them on June 6, 2018. Thanks to the huge gains in previous rounds of Nektar options in...
Buying the Invesco CurrencyShares Japanese Yen ETF in my Perfect 5 ETF Portfolio
Following my own recommendation in my Special Report 5 Places to Hide from a Downturn--and Still Make Some Money I'm adding "Invesco CurrencyShares Japanese Yen ETF (FXY) to my Perfect 5 ETF portfolio today. As I wrote in that Special Report, "JPMorgan Chase recently...
I’m selling VEA out of my Perfect 5 ETF Portfolio today
I'm continuing to revise the holdings in my Perfect 5 ETF Portfolio in order to reduce risk from the effects of a global trade war and yet to still make some money--as I outlined in my Special Report: 5 Places to Hide from a Downturn--and Still Make Some Money. I...Download Jim’s eBook for Free
