April 19, 2020 | Daily JAM, Dip-O-Meter, MPNGF, Volatility |
I'm buying Meituan Dianping (MPNGF) on prospects for a China rally and on a gradual return of consumer confidence in China. The company, backed by Tencent Holdings (TCEHY), said that its food delivery business began to recover in March, when shuttered restaurants...
April 19, 2020 | Daily JAM |
New York appeared to be “on the other side” of the coronavirus outbreak, New York Governor Andrew Cuomo said at Sunday's press briefing. “If this trend holds, we are past the high point,” Cuomo told reporters at a briefing on Long Island. “Whether or not the descent...
April 18, 2020 | Daily JAM |
... earnings season to shift into second gear with reports from IBM, Intel, Procter & Gamble, Delta, and Netflix. IBM (IBM) kicks off the week with its report on Monday after the market close. IMB isn't the market mover that it once was but it is the first major...
April 18, 2020 | 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. On Friday,...
April 17, 2020 | Daily JAM, Dip-O-Meter, Short Term, WST |
In my recent post "What do you do when the market is insane and you're not?" I argued that one of the dangers in a very volatile market with strong--and temporarily profitable--short-term trends is that we'll give in to the pressure to do something--and do something...
April 17, 2020 | Daily JAM, Morning Briefing |
China's gross domestic product contracted by 6.8% from a year ago in the first quarter. Economists had projected a 6.0% drop. The decline was the worst since the government began releasing quarterly GDP numbers in 1992. Other numbers in today's data dump were equally...
April 16, 2020 | Daily JAM, Stock Alerts, TSM |
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...
April 16, 2020 | Daily JAM, NJDCY, Stock Alerts |
No, the problems in the Chinese auto industry--a big customer for Nidec's (NJDCY) small motors and electric drive trains--didn't suddenly spike and cut Nidec's share price in half. The Japanese company executed a 2/1 split on April 9. I bought these shares in my 50...
April 16, 2020 | Daily JAM, Morning Briefing |
5.245 million more people filed initial claims for unemployment in the week ended April 11, the Labor Department reported this morning. That was down from the prior week's 6.615 million (revised upwards from an initial report of 6.606 million.) But it still brings...
April 15, 2020 | Daily JAM, PANW |
Yesterday in my post "What do you do when the market is insane and you're not?" I argued that one of the dangers in a very volatile market with strong--and temporarily profitable--short-term trends is that we'll give in to the pressure to do something--and do...
April 15, 2020 | Daily JAM |
U.S. factory output dropped in March by 6.3% from February, according to the Federal Reserve today. That's the biggest drop since 1946, when the country's factories were gearing down after World War II. Economists surveyed by Bloomberg had forecast a 4.1% drop. Motor...
April 15, 2020 | Daily JAM, Mid Term |
U.S. benchmark West Texas Intermediate fell below $20 a barrel, the lowest price since 2002, after the U.S. Energy Information Administration reported a huge jump of almost 20 million barrels in U.S. crude inventories. At 1:00 P.m. New York time West Texas...