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Archive for June, 2020

Notes You Need for June 30: Macao gaming stocks, FDA standards for approving a COVID-19 vaccine, AAL jobs, Nevada casinos, DNR misses interest payment, Airbus cuts jobs, Qualcomm wearable chips

In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes You Need. I launched this new […]

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My fifth pick in my Special Report “10 Stocks to Beat Amazon” is a water stock, Danaher (DHR)

My fifth pick in my Special Report "10 Stocks to Beat Amazon" is a water stock, Danaher (DHR.) Danaher's trailing average annual returns don't look to be in Amazon's (AMZN) class--if all you do is look at the long-term 15-year period. Over a 15-year period Amazon's average annual return is 33.93%. Danaher's is just 14.48%. […]

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Royal Dutch Shell to take $15 to $22 billion second quarter write down

It's a measure of how dire things are in the oil sector that Royal Dutch Shell (RDS-A) has announced a write down of between $15 billion and $22 billion for the second quarter. The write down is larger than the $17.5 billion write down that BP (BP) took in June or the $15 billion that […]

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The debt load for consumers and companies just keeps rising

We'll soon get new figures from the Federal Reserve now that the second quarter is coming to an end today, but I'd guess that the debt picture won't be better than it was at the end of the first quarter on March 31. At the end of May non-financial corporate debt in the United States […]

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A promising trading strategy for upcoming earnings season

I'd like to see this pattern season for a few more days--until next week I'd say--but I think I see a promising trading strategy for the second quarter earnings season that begins, in my mind at least, with JPMorgan Chase (JPM) before the market open on Tuesday, July 14. My observation is that recently on […]

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Wells Fargo says it will cut its current dividend after Fed stress test

Wells Fargo (WFC) said today that it will cut its current 51-cent dividend after the Federal Reserve's most recent round of stress tests set new limits on dividend payouts and share buybacks. The bank said it will announce the size of the cut on July 14 when it announces quarterly earnings. Analysts expect a cut […]

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Don’t fight the Fed? Well, maybe

The advice "Don't fight the Fed" makes sense. If the Fed is flooding the financial markets with cash, then buy and follow along as the Fed makes money available to drive up asset prices. If the Fed is tightening, reducing the available supply of cash, then sell and move to the sidelines. It will be […]

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Fed announces names of its first direct corporate bond purchases

This strikes me as a bad idea. What could possibly go wrong? The U.S. central bank made $207 million in purchases on June 16, the first day of direct buying. The Federal Reserve bought bonds issued by, among other companies, AT&T (T), UnitedHealth Group (UNH), and Walmart (WMT). About 21% of corporate bond purchases were […]

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Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…

... really, really confusing and almost certainly misleading economic data. On Thursday, July 2, a day early because of the Fourth of July weekend, the Labor Department will report jobs numbers for June. Right now economists surveyed by Bloomberg are expecting a 3 million increase in jobs. That will follow on a very surprising, shocking […]

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Trick or Trend: American Airlines offers itself as re-opening guinea pig

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. One of the great questions about the re-opening economy is how safe consumers will have […]

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