June 26, 2020 | Daily JAM, Morning Briefing |
With Texas setting a one-day high for new coronavirus cases on Wednesday at 6,584 Governor Greg Abbott reversed a pledge that that going “backward” and closing down businesses was “the last thing we want to do.” Effective today bars must close (although they can...
June 25, 2020 | Daily JAM |
After the close for the New York markets, the Federal Reserve announced the results of its newest round of stress tests on 34 big U.S. banks. For the first time, the Fed added scenarios for a V-shaped recession and recovery; a slower, U-shaped recession and recovery;...
June 25, 2020 | Daily JAM, Stock Alerts |
A while back I sold the Invesco Currency Shares Japanese Yen ETF (FXY) out of my Perfect Five ETF Portfolio because I was looking for more diversification in that limited five ETF portfolio. (I replaced it with the iShares Large Cap China ETF (FXI) on April 20, 2020....
June 25, 2020 | CRM, Daily JAM, Jubak Picks, Stock Alerts |
Salesforce (CRM) has hit my $185 a share target price. I'm selling it out of my Jubak Picks Portfolio with a 37.42% gain since I added that position back on November 1, 2018. Why sell rather than up the target price? A couple of four reasons for what amounts to taking...
June 25, 2020 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
Initial claims for unemployment fell by 60,000 for the week ended June 20 to 1.48 million, the Labor Department reported today. Economists surveyed by Bloomberg had expected a bigger drop to 1.32 million claims. The week's new claims figure was down from a drop of...
June 24, 2020 | Daily JAM |
In May governments shed more than 570,000 workers as states and cities grappled with huge budget shortfalls created by the coronavirus pandemic and shutdowns of economic activity imposed in an effort to get the outbreak under control. those layoffs are going to get...
June 24, 2020 | Daily JAM, Morning Briefing |
As of 1 p.m. today the Standard & Poor's 500 stock index was down 2.8% and the Dow Jones Industrial Average was lower by 2.29%. The tech-heavy NASDAQn Composite, a recent market bulwark, dropped 1.80% and the Russell 2000 small cap index resumed its position as...
June 22, 2020 | Daily JAM |
ASML is my third pick for my Special Report: 10 Stocks to Beat Amazon. What's the market value of an effective monopoly on a cutting edge technology in demand by all the world's biggest chip-makers? Morningstar calls shares of ASML (ASML) almost 50% over valued at the...
June 22, 2020 | Daily JAM, INCY, Jubak Picks, Stock Alerts |
I admit it. I feel silly talking about price targets and valuations in this market. After all everything is just going to the sky. Infinity and Beyond!!! But, as silly as I may feel, I don't think the gods of investing have repealed the laws of valuation. At some...
June 22, 2020 | Daily JAM, Mid Term, Morning Briefing, Volatility, You Might Have Missed |
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...
June 21, 2020 | Daily JAM |
... what's a week without a good chance that the Federal Reserve will roil the stock market? On Thursday June 25, the Federal Reserve will release results of its annual bank stress tests on June 25. At stake will be bank plans for dividend payouts. Banks that don't...
June 20, 2020 | AAPL, Daily JAM, Top 50 Stocks |
...a big bang from Apple’s (AAPL) World Wide Developers Conference on Monday, June 22, even though the event will go virtual this year. The conference is Apple's big reveal on devices and operating systems to the independent developers who write the programs and apps...