December 13, 2018 | Daily JAM, PXD, Stock Alerts |
We all know that companies can authorize stock buybacks and never carry them out, but, nonetheless the big new buyback program authorized by Pioneer Natural Resources (PXD) is a significant sign that of the company's confidence in its cash flow. (As well as an...
December 13, 2018 | Daily JAM |
Saudi Arabia has told U.S. refiners to expect far lower oil shipments beginning in January. The reduction seems to be targeted not at reducing global stockpiles but at reducing the visibility of those stocks piles. The United States reports the size of oil stock piles...
December 13, 2018 | Daily JAM, Morning Briefing, Short Term |
After yesterday's bounce in riskier bounce-worthy stocks, today the U.S. market is seeing a slight pull back. At 1:30 p.m. New York time the Standard & Poor's 500 is off 0.34% and the Dow Jones Industrial Average is lower by 0.05%. The NASDAQ Composite is down...
December 12, 2018 | Daily JAM, Short Term |
The Wall Street Journal reported today, December 12, that China is drafting a replacement for its Made in China 2025 plan to dominate advanced technologies by 2025. The plan with its emphasis on government subsidies and its implicit endorsement of aggressive...
December 12, 2018 | Daily JAM |
Bounce, yes. Rally, maybe. What the difference? Conviction and duration.The wider market isn't sure that the bad news on the U.S. China trade war is over and doesn't want to get blind-sided. That's why the broad indexes such as the Standard & Poor's 500 and the...
December 12, 2018 | Daily JAM |
The core Consumer Price Index (CPI), a broad inflation measure that excludes volatile Food and energy prices, rose 0.2% in November from October. This core inflation rate is now up 2.2% over the last 12 months, an increase from a 2.1% rate in October, according to the...
December 12, 2018 | Daily JAM, Morning Briefing |
Bounce, yes. Rally, maybe. What the difference? Conviction and duration. The wider market isn't sure that the bad news on the U.S. China trade war is over and doesn't want to get blind-sided. That's why the broad indexes such as the Standard & Poor's 500 and the...
December 11, 2018 | Daily JAM |
First, the United States puts pressure on Canada to arrest Huawei's Chief Financial Officer Meng Wanzhou on U.S. charges that she mislead multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions. Then, various...
December 11, 2018 | Daily JAM, SGMO |
As an investor in Sangamo (SGMO) the very slow and cautious pace of regulatory action at the U.S. Food & Drug Administration is frustrating. The FDA has only slowly allowed the company to expand the number of patients enrolled in the the safety trials for its new...
December 11, 2018 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
Sometimes it's hard to draw a connection between what the market is doing and anything in the news. Sometimes it's not quite so difficult. Today the connections have been crystal clear. Markets started off in rally mode after Monday's selling. The Dow Jones Industrial...
December 10, 2018 | Daily JAM, Volatility, WST, You Might Have Missed |
U.S. stocks after being deep in the red this morning, came roaring back this afternoon. Or at least technology shares did. The Standard and Poor's 500, which had been as low as 2583 today, climbed back to close at 2637. The swing from high of the day to low was a huge...
December 10, 2018 | Daily JAM, Morning Briefing, Volatility, You Might Have Missed |
I dare you to find something global financial markets aren't worried about. And, moreover, many of the worries are re-enforcing each other today. So, for example, we've got U.S. Trade Representative Robert E. Lighthizer, saying on Sunday TV the the 90 day trade truce...