Today’s attempt at a bounce doesn’t hold–S&P 500 closes down in New York
This morning it looked like U.S. stocks would bounce from the drop of Monday and Tuesday--about 6% on the Standard & Poor's 500. As of 10:51 a.m. New York time the index was up 1.64% to 3182.08. But that has turned out to be the high of the day. By 12:18 p.m. the...
Selling SolarEdge Technologies out of Picks portfolio on odds of continued market drop
As I was prowling through the wreckage of momentum stocks in the last few days for my post on Tuesday, "They shoot momentum stocks, don't they" I noticed one very lonely spot of green. While stocks such as Nvidia (NVDA) and Twilio (TWLO) were down 11.64% and 12.28,...
Overnight markets aren’t sending message of cheer for New York stocks on Wednesday
If you're trying to figure out where New York stocks are headed tomorrow after several brutal days of trading, the overnight market results from Asia aren't reassuring. Although they haven't ended as bad as they began the day. The South Korean won fell toward its...
They shoot momentum stocks don’t they?
The last two days of a plunging stock market on fears that the outbreak of coronavirus will last longer and spread farther than previously imagined have taken a huge chunk out of some momentum stocks. Just today shares of Nvidia (NVDA) fell another 4.11%, Twilio...
CDC warns of community spread of coronavirus in United States
In India today President Donald Trump told journalists that coronavirus is “very well under control in our country” and “is going to go away.” Meanwhile back in the United States the Center for Disease Control and Prevention (CDC) warned that the coronavirus outbreak...
Market decides coronavirus outbreak is no time for a bounce
The Standard & Poor's 500 opened higher today--by 0.65%--a typical reaction the day after a big drop. But stocks quickly reversed direction and by 11:20 a.m. New York time on Tuesday morning, the S&P 500 was down 1.33%. One of the big problems in generating a...
Sell or hold on ExxonMobil–the first of your 12 selling opinion stock requests
Way back one Special Report ago and before the coronavirus outbreak, I asked you as part of my Special Report When to sell, What to sell, for 10 nominations of stocks that where I'd give you my sell/hold opinion. The nominating process resulted in 12 stocks rather...
After today’s dip, a revised set of buy on the dip candidates (AKA the Dip-O-Meter)
Company name Ticker Price as of 2/24 Benchmark date Benchmark price Gain/loss Apple AAPL 298.18 2/12/20 327.2 -8.9% Carnival CCL 37.76 1/17/20 51.9 -27.2% Cheniere Energy LNG 51.91 1/17/20 66 -21.3% China Southern Airlines ZNH 27.75 1/13/20 35.46 -21.7% Cirrus...
New Dip-o-meter coming by 5 today–after I trashed the calculations and conclusions from Sunday
I did all the calculations Sunday for publishing an update on my Buy-on-the-Dip-o-meter today from my most recent Special Report. I'm throwing all those in the trash after today's market tumble. I was going to conclude that nothing had yet reached a buy on the dip...
Market wakes up to coronavirus threat–it’s not just China anymore
What's different this week? Why is the market plunging today on coronavirus fears when last week it shook off the news? Because the last few days have brought news that the coronavirus isn't limited to China anymore. From Italy comes a report that the Armani fashion...
China rolls the dice on coronavirus, speeds workers back to factories
China's national and local governments are rushing to restart factories. They're loosening the rules on quarantine and screen for the coronavirus so workers can return to work. This even though the virus has shown that it can incubate, undetected and asymptomatic, for...Download Jim’s eBook for Free
