October 30, 2019 | AAPL, Daily JAM, Stock Alerts |
After the close today Apple reported fiscal fourth quarter revenue of $64 billion. That was up from $62.9 billion in the fourth quarter of fiscal 2018 and above the $63 billion consensus forecast from Wall Street analysts. Net income dropped to $13.7 billion from...
October 30, 2019 | Daily JAM |
What turned out to be a big news day--GDP and a Fed interest rate cut (and then a pause) and Apple earnings--got in the way of posting my newest special report by the 5 p.m. New York deadline for it to arrive in your email box. The report will be posted tomorrow and...
October 30, 2019 | Daily JAM |
Distresses? Refreshes? Isn't important? Today, as expected the Federal Reserve cut the benchmark interest rate for the third time this year. The Fed lowers its benchmark rate 25 basis points to a range of 1.5% to 1.75%. At the same time the Fed signaled that it would...
October 30, 2019 | Daily JAM, Short Term |
Continued political protests against the government of President Sebastian Pinera have led to the cancellation of the Asia-Pacific Economic Cooperation summit that was to have taken place in Santiago, Chile, in November. 20 people have been killed in the protests and...
October 30, 2019 | Daily JAM, Morning Briefing |
The U.S. economy grew at a 1.9% annualized rate in the third quarter, the Commerce Department reported this morning. The good news: The 1.9% growth in GDP was above the 1.6% rate forecast by economists surveyed by Bloomberg. The bad news: That 1.9% growth rate was...
October 29, 2019 | Daily JAM, Stock Alerts |
 Shares of Merck (MRK) closed up 3.50% today, October 29, after the company reported better than expected third quarter earnings. On a Non-GAAP basis earnings of $1.51 a share beat the Wall Street consensus by 27 cents a share. Revenue of $12.4 billion fell 6.7% year...
October 28, 2019 | Daily JAM, V |
It's not exactly a ringing endorsement but it was enough to send share prices higher in after-hours trading by 1.1% on Thursday and by 0.8% in regular trading on Friday. Visa (V) earnings for the fiscal fourth quarter were better than expected. The company reported...
October 28, 2019 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
The oil supermajors--ExxonMobil (XOM), Chevron (CVX),Royal Dutch Shell (RDS), Total (TOT) and BP (BP)--are expected to show a 42% year over year average plummet in third quarter earnings when they report earnings this week. That's an even bigger slump than the 18%...
October 26, 2019 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually 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. U.S. stocks...
October 26, 2019 | Daily JAM |
... that news on a U.S.-China trade agreement will still be a big mover from stocks, but it will have to share top-of-mind space this week with the Wednesday, October 30, meeting of the Federal Reserve's interest rate setting body, the Open Market Committee. As far as...
October 25, 2019 | Daily JAM, Morning Briefing |
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...
October 24, 2019 | Daily JAM, Stock Alerts |
On October 22 McDonald's (MCD) reported third quarter earnings of $2.11 a share. That was a big 11 cents a share below Wall Street expectations. Revenue of $5.43 billion for the quarter was up just 1.1% year over year and $40 million below Wall Street consensus. The...