May 24, 2019 | Daily JAM, INCY, Stock Alerts |
Jubak Picks and Volatility Portfolio member Incyte (INCY) closed up 1.55% today to $81.75 on news that the U.S. Food and Drug Administration had approved the company's Jakafi for treatment for acute Graft versus Host disease (GvHD), an inflammatory response by the...
May 23, 2019 | Daily JAM, You Might Have Missed |
The combination of a big build in U.S. crude inventories this week and fears that the escalating U.S.-China trade war will slow global economic growth (and global oil demand) took a big whack out of oil prices and oil stocks today. The U.S. Energy Information...
May 23, 2019 | Daily JAM, EFNL, Stock Alerts, Volatility |
I will sell the iShares MSCI Finland ETF (EFNL) out of my Volatility Portfolio tomorrow. The EuroZone in general and the Finnish economy in particular is heavily dependent on exports and the slowdown in the global economy resulting from the U.S.-China trade war isn't...
May 23, 2019 | Daily JAM, JD, Short Term, TPR, Volatility, You Might Have Missed |
This morning Wall Street is buzzing with talk that the U.S.-China trade war could stretch on to 2035. I think there's just about no chance of that. But we aren't looking at the quick resolution of the dispute that seemed possible just 10 days ago. And we are looking...
May 23, 2019 | Daily JAM, Morning Briefing, Volatility, You Might Have Missed |
You're entitled to feel whiplashed today. Just a few days ago, on May 16, stocks rallied on speculation that trade talks would resume relatively quickly and that the United States and China, rhetoric and tariff increases aside, would find a way within weeks to end...
May 22, 2019 | Daily JAM, You Might Have Missed |
The Trump administration is considering applying Huawei-level sanctions to five more Chinese technology companies in the video surveillance sector including Megvii, Zhejiang Dahua Technology, Hangzhou Hikvision Digital Technology, Meiya Pico and Iflytek. The sanctions...
May 22, 2019 | Daily JAM, Short Term |
Minutes from the Federal Reserve's April 30-May 1 meeting showed officials at the U.S. central bank inclined toward patience and to keeping the current wait-and-see policy in place "for some time." Adding to the dovish tone of the minutes, many Fed members agreed with...
May 22, 2019 | Daily JAM, Morning Briefing, Short Term |
President Donald Trump stormed out of a meeting with Democratic House Speaker Nancy Pelosi and Democratic Senate Minority Leader Chuck Schumer saying that he would not work with them on an infrastructure package (or other bipartisan legislation including an effort to...
May 21, 2019 | Daily JAM |
On Monday Chinese President Xi Jinping visited the JL MAG Rare-Earth Company in Ganzhou, which specializes in rare earth minerals used the the permanent magnets now found in electric cars and other technology products. The timing of the visit--almost immediately after...
May 21, 2019 | Daily JAM, PXD, Stock Alerts, You Might Have Missed |
Today, May 21, Pioneer Natural Resources (PXD) announced that it would lay off 230 workers at its headquarters and in Permian Basin offices. Added to the 300 employees who took buyouts earlier this year, the total cuts amount to about 20% of the company's workforce....
May 21, 2019 | Daily JAM, Short Term |
Here's one set of ETFs I'm watching right now for signs that the market is headed for a breakdown--and reassurance that it's just trapped in one of those rotation things. On Monday, May 20, the Technology Select Sector SPDR ETF (XLK) fell like a stone, dropping 1.74%...
May 21, 2019 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
Stocks--especially chip stocks--have rallied strongly today on headlines saying that the Department of Commerce has granted a 90-day license for U.S. companies to do business with China's Huawei Technologies in order to service existing networks. This is especially...