June 30, 2020 | Daily JAM, Notes You Need |
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...
June 30, 2020 | Daily JAM, 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...
June 30, 2020 | Daily JAM, Morning Briefing |
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...
June 30, 2020 | Daily JAM, Short Term |
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...
June 29, 2020 | AAPL, CRUS, Daily JAM, DIS, NXPI, PANW, SHAK, Short Term, TWLO |
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...
June 29, 2020 | Daily JAM, Volatility, WFC |
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...
June 29, 2020 | Daily JAM |
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...
June 29, 2020 | Daily JAM, Mid Term, Morning Briefing |
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...
June 28, 2020 | Daily JAM |
... 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...
June 27, 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. One of the...
June 26, 2020 | Daily JAM, Dip-O-Meter |
I think anyone who tells you they "know" where stocks are going next week is either smoking something (and I'd like some, please) or is looking to sell you something. In the last two weeks we've seen a market that was totally willing to look past all the evidence that...
June 26, 2020 | Daily JAM, Mid Term |
My fourth pick in my Special Report "10 Stocks to Beat Amazon" is a biotech, Seattle Genetics (SGEN). Biotech companies spend years developing their first successful drug. And then spend more years turning that first drug into a pipeline of drugs and expanded labels....