July 31, 2019 | Daily JAM |
Can you connect the dots? No one in Washington seems to be willing to make the effort. On a day when the Federal Reserve said it would cut its benchmark interest rate by 25 basis points and end its efforts to sell some of the bonds in its own portfolio two months...
July 31, 2019 | Daily JAM, QCOM, Stock Alerts |
Shares of Qualcomm (QCOM) ended trading today at $73.16 in the regular session, down 2.21%, and then fell another 4.76% in the after-hours session to $69.68. The stock traded at a 2019 high of $89.29, so today's price represents a 22% drop from this year's high. The...
July 31, 2019 | Daily JAM, Morning Briefing |
Today the Federal Reserve's Open Market Committee cut the Fed's benchmark interest rate by 25 basis points. That's pretty much what the financial markets had been expecting--although a sizable minority of investors and traders had been hoping for a deeper cut of 50...
July 30, 2019 | Daily JAM, FQVLF, Stock Alerts |
First Quantum Minerals (FQVLF) is tricky for bottom fishers. If the challenge with Illumina (ILM), my #2 pick for my 5 Bottom Fishing Picks Special Report, Â is figuring out when the bad news will all be in the stock--hence making it a good buy for bottom fishers, the...
July 30, 2019 | Daily JAM, Morning Briefing |
At the least the timing seems odd. Unless, of course, you believe, as President Donald Trump may, that China and its President Xi Jinping can be bullied into a trade deal. Speaking with reporters outside the White House as he headed for Jamestown, Virginia, Trump...
July 29, 2019 | Daily JAM, Special Reports |
I've finished my Special Report 5 Value Picks for a Market at Record Highs. (The five picks, for the record were Disney (DIS), DuPont (DD), Constellation Brands (STZ), China Mobile (CHL), and Tyson Foods (TSN). You can find this special report with information on each...
July 29, 2019 | Daily JAM, Morning Briefing |
We don't know--precisely--what the Federal Reserve will do at the meeting of its interest-rating-setting Open Market Committee on Wednesday July 31. The odds on the CME FedWatch Tool say there's a 100% chance of an interest rate cut but there's still disagreement...
July 27, 2019 | Daily JAM |
... an interest rate cut from the Federal Reserve at its July 31 meeting. That market sure expects the Fed to reduce rates. The CME FedWatch Tool placed the odds of an interest rate cut at 100% on Friday. That means that the market has priced in a drop in interest...
July 26, 2019 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday 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. The overall...
July 26, 2019 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
The U.S. economy grew at a seasonally adjusted annual rate of 2.1% in the second quarter, the Bureau of Economic Analysis reported this morning. Economists surveyed by Briefing.com had projected that year over year growth in GDP would fall to 1.8%. So today's number...
July 25, 2019 | AG, Daily JAM, Stock Alerts |
Way back last Friday, July 19, in my Friday Trick or Trend post on JubakAM.com, I argued for adding silver to a portfolio because 1) it is a good hedge for portfolios in the second half of 2019, and because 2) silver, after lagging gold for the first half of 2019 ,...
July 25, 2019 | Daily JAM, Morning Briefing, Short Term |
U.S. stocks paused as expected today ahead of tomorrow's initial report on growth in U.S. GDP for the second quarter. Economists surveyed by Briefing.com are expecting that GDP growth dipped to 1.8% year over year in the quarter, down from 3.1% in the first quarter....