May 20, 2019 | Daily JAM, Stock Alerts, WBK |
Westpac Banking (WBK) climbed 9.22% today, May 20, on a surprise election victory for Australia's ruling Liberal-National coalition government. Going into Saturday's elections, polls showed that Prime Minister Scott Morrison's party would suffer a huge defeat at the...
May 20, 2019 | Daily JAM, Morning Briefing, Short Term |
Call it a secondary effect of the U.S.-China trade war but it's still clearly taking a bite out of the shares of U.S. chip makers today. Last week the Trump administration added sanctions on China's Huawei Technologies that would prevent the company from buying U.S....
May 19, 2019 | Daily JAM |
... the U.S.-China trade war to continue to drive market volatility. But we don't know what direction this volatility will take. We could see soothing words from Washington and/or Beijing on prospects for another round of trade talks. Words of that sort lead to rally...
May 17, 2019 | Daily JAM, DE, 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...
May 17, 2019 | Daily JAM, Morning Briefing |
The Chinese government is using the country's official media to signal that it isn't interested in resuming trade talks with the United States under a threat of higher 25% tariffs on another $320 billion in Chinese exports to the United States. And to make the point...
May 17, 2019 | CSCO, Daily JAM, Stock Alerts |
Yesterday, May 16, earnings from Cisco Systems (CSCO) and Wal-Mart (CSCO) before the open powered U.S. stocks higher to start the day. So what did Cisco say? (I reported on Wal-Mart in a post yesterday that you'll find in your email today.) Cisco reported earnings per...
May 16, 2019 | Daily JAM, Stock Alerts, WMT |
Today, May 16, earnings from Wall-Mart (WMT) and Cisco Systems (CSCO) before the open powered U.S. stocks higher to start the day. So what did Wal-Mart say? (I'll report on Cisco in another post.) Before the markets opened in New York, Wal-Mart reported first quarter...
May 16, 2019 | Daily JAM, NVDA |
Nvidia (NVDA) will report first quarter earnings today, May 16, after the close of New York markets. Wall Street is expecting the company to report earnings of 81 cents a share--which would be a drop of 60.5% year over year--on revenue of $2.195 billion, a decline of...
May 16, 2019 | Daily JAM, Short Term |
 It's not even remotely a surprise. A day after the Trump administration declared a national emergency in order to product U.S. telecommunications for foreign antagonists--with a clear eye on China and Chinese companies such as Huawei--the Chinese government has...
May 15, 2019 | Daily JAM, Short Term |
When I first heard speculation--backed up by the usual quotations from knowledgable but anonymous White House sources--that President Donald Trump and his re-election team wanted to stretch out the tariff war with China to the 2020 election I filed it in my very fat...
May 15, 2019 | Daily JAM, Short Term |
Right now if the market gets bad news on the economy it goes up. Today, May 15, for example, the S&P 500 closed up 0.78% even though both U.S. and Chinese retail sales disappointed for April. Right now if the market gets bad news on oil supplies, it goes up, as it...
May 15, 2019 | Daily JAM, Morning Briefing, Short Term |
I'd give the edge to China in the "Whose news is worse?" sweepstakes this morning. For April China's retail sales rose 7.2% year over year--good news except that economists were projecting an 8.6% increase and that March showed 8.7% year over year growth. The April...