Blog

Archive for March, 2020

China ends its shutdown–sort of–but society remains traumatized

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 milestone of 63,000 Covid-19 patients discharged. Fugong fuchan (“resuming work, resuming production”), the […]

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Using my Dip-O-Meter to predict how individual stocks will behave in this bear market

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 wring every dollar of profit they can from from short-term trends in […]

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Selling Middleby out of my long-term 50 Stocks Portfolio today

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 piece a very fragmented market will work again. But you can […]

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Selling GM out of the Jubak Picks Portfolio today

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 Jonas, an analyst with Morgan Stanley, wrote in a March 27 report. “Investors […]

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Saudis ramp up oil production

 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 in April from 9.7 […]

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Correction on yesterday’s 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 take "advantage" of this mistake […]

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The retail job loss river turns into a deluge

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 country’s largest food distributor, also reported thousands of furloughs and layoffs worldwide. Other retailers furloughing employees in […]

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Positive coronavirus news from Abbot and J&J

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 available for emergency use in early 2021. I'd stress […]

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I’m using today’s bounce to buy Disney Puts–I don’t think we’re done with the bear

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 downward trend once investors focus again on […]

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Will Grupo Aeroportuario del Pacifico cut its dividend at April 28 meeting? Selling out of the Dividend Portfolio

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 Aeroportuario operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara […]

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