April 15, 2019 | Daily JAM, Morning Briefing |
Today's earnings and (especially) revenue reports for the first quarter of 2019 from Citigroup (C) and Goldman Sachs (GS) say that Friday's good news from JPMorgan Chase (JPM) shouldn't be extrapolated to the entire banking sector. This morning before the New York...
April 14, 2019 | Daily JAM |
... earnings report this coming week to shed significant light on the likelihood of an earnings recession and how the slowdown in the global economy will affect revenue and earnings at U.S. companies. This week begins by finishing up reporting from the big banks. We...
April 13, 2019 | Daily JAM |
Each bit of news by itself argues for the disruption of the oil and natural gas sector. Together the two stories add up to a decade that will turn the sector topsy turvy. First, the story you've probably most familiar with since it produced such a big splash in the...
April 12, 2019 | Daily JAM |
In my February 2 video "Is Netflix rally smart or really stupid?" I questioned whether Netflix's (NFLX) recent price range might help companies like Disney (DIS) that were looking to start their own streaming services. The price bump at Netflix--to $12.99 a month from...
April 12, 2019 | Daily JAM, Morning Briefing, PXD |
Chevron (CVX) has agreed to buy Anadarko Petroleum (APC) for $33 billion in cash and stock. On the news shares of Anadarko are up 32.5% to $61.85. Shares of Chevron are off 4.91% to $119.81. Measured by oil and natural gas production, the deal puts Chevron...
April 11, 2019 | Daily JAM, Special Reports |
As Monty Python's Flying Circus so memorably admonished, Nobody ever expects the Spanish Inquisition. But investors should expect disruption. Thanks to the missionary work of Austrian economist Joseph Schumpeter, Wall Street, capital markets, and investors all know...
April 11, 2019 | Daily JAM, Morning Briefing, Short Term |
Leaders of the European Union gave the United Kingdom until October 31 to get a Brexit deal done. The decision was a rejection of U.K. Prime Minister Theresa May's request for a shorter extension. European Union leaders simply didn't believe May's claims that all she...
April 10, 2019 | Daily JAM, Morning Briefing |
According to the minutes of the Federal Reserve's March meeting, released this afternoon, everything is on the table. Here's a quote that sums up the thrust of the minutes, in my opinion. “Several participants noted that their views of the appropriate target range for...
April 10, 2019 | Daily JAM, INCY, Volatility, You Might Have Missed |
There's a good chance that Incyte (INCY) will miss Wall Street earnings and revenue projections when it reports first quarter results on April 30. That's because Incyte is a biotech adolescent. Think awkward. The company is old enough to have substantial revenue from...
April 9, 2019 | Daily JAM |
Nothing is certain in the Brexit chaos, but it looks like the leaders of the European Union have finally lost patience and faith in U.K. prime minister Theresa May's promises that she can push a Brexit deal through Parliament if she can just have a few more weeks....
April 9, 2019 | Daily JAM, Notes You Need |
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...
April 9, 2019 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
Just in case you were worried that global trade wars were in any danger of calming down, today you can relax. Trade hostilities with the European Union are heating up. On Monday the Trump administration said it would impose tariffs on $11 billion in imports from the...