April 30, 2019 | Daily JAM |
Occidental Petroleum (OXY) has brought Warren Buffett and Berkshire Hathaway (BRK.A) into its battle with Chevron (CVX) for control of Permian-Basin-rich Anadarko Petroleum (APC). Up until the entry of Buffett, Chevron had the inside edge even though it had offered a...
April 30, 2019 | Daily JAM, Mid Term |
We're all used to the U.S. Goldilocks market. Growth is just enough but not so hot that it spurs inflation or convinces the Federal Reserve to raise interest rates. And so stocks keep climbing. China has its own version of the Goldilocks market--but it's a...
April 30, 2019 | Daily JAM, Mid Term, Morning Briefing |
If this market runs out of bears, I think it's in trouble. And today one of the market's few remaining bears capitulated to the rally. Wells Fargo’s head of equity strategy Christopher Harvey hiked his year-end price target for the Standard & Poor's 500 Index to...
April 29, 2019 | Daily JAM, Stock Alerts |
Shares of Intel (INTC) continued their post-earnings slide today, dropping about 2.52% to $51.11. On April 24, the day before there company reported first quarter 2019 earnings, the stock closed at $58.72. That's a drop of 12.96% in less than a week. I think three...
April 29, 2019 | Daily JAM, Morning Briefing, Short Term |
Put today's numbers on the economy together with those in Friday's first quarter GDP report and the picture that emerges is of a U.S. economy growing at s very solid rate with declining inflation. But where the trends on consumer incomes and spending suggest, maybe,...
April 28, 2019 | Daily JAM, Short Term |
... to be drowning in economic data. The Federal Reserve's Open Market Committee meeting on Wednesday, May 1, isn't even the high point of the data week. The U.S. central bank is expected to keep interest rates unchanged so it's Chair Jerome Powell's press conference...
April 27, 2019 | Daily JAM |
Our regular (or occasional or perhaps occasionally regular) Friday series (running on Saturday 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. On Friday, April 26,...
April 26, 2019 | AMZN, Daily JAM, Stock Alerts |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
April 26, 2019 | Daily JAM, Morning Briefing |
The U.S. economy grew at a 3.2% real rate in the first quarter. That's substantially stronger than the 2.2% growth in the fourth quarter and way above projections for 1.9% growth among economists surveyed by Briefing.com. Inflation remained very subdued with the GDP...
April 25, 2019 | Daily JAM, Morning Briefing, PXD |
The battle for control of Anadarko Petroleum (APC) and its huge position in the oil shale geologies of the Permian Basis isn't over. Yesterday, Wednesday,  Occidential Petroleum (OXY) made a renewed bid to acquire Anadarko. The 50%/50% stock and cash offer from...
April 23, 2019 | Daily JAM, Morning Briefing |
On Friday China's ruling body, the Politburo, suggested that it thought less stimulus might be needed since the economy had recovered its footing. Instead policy should focus on deleveraging China's banks and corporate balance sheets, and on avoiding speculation in...
April 22, 2019 | Daily JAM, IBCP, Stock Alerts |
When I posted earlier today that I would keep Bank of America (BAC) in my Dividend Portfolio I said the decision rested largely on the ways that Bank of America wasn't like the "average" bank. Chief among these "ways" was the bank's ability to use its fee income--from...