October 24, 2018 | Daily JAM, Morning Briefing |
Today, Wednesday October 24, everything sold off. And stocks with the biggest growth prospects sold off the most. The Standard & Poor's 500 closed down 3.09% and the Dow Jones Industrials fell by a smaller 2.41%. The growth heavy HASDAQ Composite drop 4.43%. Among...
October 23, 2018 | Videos |
JIM’S VIDEO: With legal marijuana stocks among the favorite speculative stocks on the market, it was only a matter of time before the biotech companies got in on the game.
October 23, 2018 | Daily JAM, Short Term |
Red, red, red everywhere today. Caterpillar (CAT) and 3M (((MMM) disappointed on guidance. China and Europe sold off. As did the financial sector with the Financial Select Sector SPDR ETF (XLF) falling 0.77% to $25.90 to break or at least test support. And, then, as...
October 23, 2018 | Daily JAM, Morning Briefing |
U.S. stocks hit the lows for the day--so far--near the 10:20 a.m. mark in New York this morning. The Dow Jones Industrial Average, which had closed at 25,317 yesterday, October 22, traded at 24,777 at 10:23 a.m. That's a drop of 540 points. The Standard & Poor's...
October 22, 2018 | AAPL, AMZN, Daily JAM, EQNR, Morning Briefing, Volatility |
The financial markets are expecting another week of volatility almost as severe as last week. The futures market entered last week expecting a move of something like 70 points on the Standard & Poor's 500, according to calculations by Theo Trade. We got almost...
October 22, 2018 | Daily JAM, Mid Term, Morning Briefing |
Friday's disappointing GDP report did goad China's government to action to support the stock market and the economy, as I wrote that it would in my Friday post. Words from Chinese President Xi Jinping helped continue the surge in Chinese stock prices off a 4-year low....
October 21, 2018 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series ( actually running on Sunday 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. If you own...
October 20, 2018 | AMZN |
... the big earnings story of the week to be the Thursday, October 25, report for the third quarter from Amazon (com). Amazon is expected to deliver another hugely positive quarter with the Wall Street consensus calling for $3.07 per share in earnings, up from 52...
October 19, 2018 | Daily JAM, PYPL, Stock Alerts |
PayPal Holdings (PYPL) closed up 9.42% today to $84.78 on third quarter earnings, announced after the close yesterday, that beat Wall Street projections. Analysts had expected 54 cents a share against a report of 58 cents a share. Revenue of $3.68 billion beat the...
October 19, 2018 | Daily JAM, INCY, Stock Alerts |
Shares of Incyte  (INCY) climbed 2.51% today on the announcement of positive results from a Phase 2 clinical trial, GEOMETRY mono-1, evaluating MET inhibitor capmatinib in 94 adult patients with advanced non-small cell lung cancer. The company presented the data at...
October 19, 2018 | Daily JAM, Morning Briefing |
Stocks rallied today, Friday, after falling hard yesterday. The catalyst for the upswing? Disappointing third quarter GDP growth that was bad enough to bring China's securities regulators into support stocks. The Shanghai Composite index closed up 2.58% today. In the...
October 18, 2018 | Daily JAM |
While financial markets worry about the next 75 (or is it 100) basis points in interest rate increases from the Federal Reserve, about the chance that economic growth in China will dip below 6%, about the odds that oil will again top $100 a barrel by the end of the...