Do you see what I see?
This morning what I saw in photos and videos from this past Memorial Day weekend was a country rushing pell mell toward re-opening the economy without a thought for safety amidst a still uncontrolled coronavirus outbreak. I saw photos of crowds at beaches, on board...
Meituan Dianping shares up 17% today on earnings report
As of 1 p.m. New York time today Meituan Dianping (MPNGF) shares were up 17.52% after the company reported better than forecast sales of 16.8 billion yuan ($2.4 billion) for the quarter that ended on Mach 31. The company reported a lower than projected loss of 1.58...
Saturday Night Quarterback (on Memorial Day) says, For the week ahead expect…
... the markets to be focused on China news. It's not the only story out there with market moving potential but it is the "ripest." We won't have anything but anecdotal accounts of the collapse of social distancing at events across the country this weekend and we...
Trick or trend: China abandons growth goal but pledges to flood the economy with cash
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. Two...
Special Report: Getting higher dividends–safely–in a dividend crisis! Parts 1, 2, and 3 with 8 Dividend Picks
It'a gotten so that I shudder whenever a stock in my Dividend Portfolio gets near the day for the company to announce the dividend payout for the upcoming quarter. Too often, lately, the news has been grim: General Motors (GM) suspended its dividend for the second...
Mortgage delinquencies soar in April
The number of borrowers who stopped paying their home loans jumped by 1.6 million last month, according to data from Black Knight, a real estate analytics company. The national mortgage delinquency rate rose to 6.45% in April, up from 3.06% in March. That's three...
Stock Pick of the Day: Barrick Gold (GOLD)
I can think of two reasons to buy shares of Barrick Gold (GOLD) now. Either one alone would be enough to justify a "buy." First, sentiment is shifting among investors toward the idea of buying gold as protraction against currency depreciation. The U.S. government is...
Another 2.4 million workers filed initial claims for unemployment last week–but take the data with a grain of statistical salt
According to the Department of Labor another 2.4 million Americans filed initial claims for unemployment in the week that ended May 16. That puts the total from this report at 38.6 million initial claims for unemployment filed in the last 9 weeks. The two-month total...
The S&P 500 isn’t all that passive–and this year’s revisions are going to be big
This is very inside baseball but it's really important if you invest in stocks using a passive S&P 500 index or are trying to make sense of the market's performance right now. The coronvirus recession is going to force a huge revision in the membership of the...
Disney and market blast higher on optimism about economy after re-opening–the picture from the ground isn’t as positive
Disney (DIS) re-opened part of its Florida park complex today--actually just the admission-free Disney Springs area of restaurants, shops and entertainment venues today. The reaction on line hasn't been all Bippity-Boppity- Boo!  “Not going till they remove these...
Oil keeps on rallying–and takes market with it
Remember how back on April 20 West Texas Intermediate traded at a negative $40.32 a barrel on the futures market? Then the fears were that anyone who owned a forward future and who was forced to accept delivery of that oil would not be able to find a place to store...Download Jim’s eBook for Free
