March 31, 2020 | Daily JAM |
Celebrations have begun in cities across China. The battle with the coronavirus is over and everything can return to normal. On Tuesday, Ma Xiaowei, director of the National Health Commission, said that the country had contained the virus, with Wuhan reaching a...
March 31, 2020 | Daily JAM, Dip-O-Meter |
On many days right now the market seems manipulated by big computer trades. The major indexes are stopping and starting on dimes that correspond closely to technical levels in the market--such as the 20-day moving average. I think that's because algorithms designed to...
March 31, 2020 | Daily JAM, MIDD, Stock Alerts |
I love this stock. It's been in the long-term 50 Stocks Portfolio since May 3, 2013. And someday I think the company's strategy of buying smaller commercial and domestic kitchen equipment companies and then super-charging their sales by giving them access to a bigger...
March 31, 2020 | Daily JAM, GM |
Automakers are scheduled to report first quarter sales numbers tomorrow with Ford Motor (F), Fiat Chrysler, and General Motors (GM) all expected to snow big declines. And the next quarter looks even worse. “There are basically no U.S. auto sales right now,” Adam...
March 31, 2020 | Daily JAM, Morning Briefing |
The first tankers in what looks like a long fleet of tankers are loading now in Saudi Arabia on their way to Europe and the United States in April. The Saudi government looks to be making good on its announced increase in output to a record 12.3 million barrels a day...
March 31, 2020 | Daily JAM, Dip-O-Meter |
I woke up at about 4 a.m. last night with the realization that I'd included data on the December 2019 lows for these stock when I meant to post the much more informative December 2018 lows. I have now posted the correct numbers in yesterday's table. And I'm going to...
March 30, 2020 | Daily JAM, Short Term, Volatility, You Might Have Missed |
Today, Monday, March 31, Macy's (M) announced it will furlough most of its130,000 workers after shutting 775 stores. Kohl’s furloughed 80,000 workers. Gap another 80,000 each. Gannett announced furloughs for newspaper employees who earn more than $38,000. Sysco, the...
March 30, 2020 | Daily JAM |
Johnson & Johnson (JNJ) said today that it will begin human testing of its experimental vaccine for the coronavirus by September and that clinical data on its effects is expected before the end of the year. If the vaccine works well, the company said it could be...
March 30, 2020 | Daily JAM |
Shares of Walt Disney Company (DIS) were up 3.53% in today's general market bounce. The Standard & Poor's 500 was up 85.18 points, of 3.35%, to 2626 today. My conclusion is that we're still in the midst of a bear market rally and that stocks will resume their...
March 30, 2020 | Daily JAM, PAC, Stock Alerts, Volatility |
Grupo Aeroportuario del Pacífico (PAC) has postponed its annual meeting until April 28. Th company's stock buyback plan and dividend payouts on the agenda. It's hard to imagine that the company hasn't at least considered cutting its buyback and dividends. Grupo...
March 30, 2020 | Daily JAM, Dip-O-Meter |
I did my numbers for this newest revision of the Dip-O-Meter on Sunday night so they don't reflect any of today's bounce. Nothing I'm seeing, however, convinces me that this is anything but a bounce in a bear market. For this iteration, I've added four more stocks,...
March 30, 2020 | Daily JAM |
One reason that U.S. stocks are up today in the face of what are likely to be stunningly bad economic reports later this week is that some Wall Street strategists are out today saying that the worst is over and it's time to get back into risk assets such as stocks....