July 22, 2020 | Daily JAM, Stock Alerts, VXRT |
In case you needed a reminder that there's a coronavirus vaccine race going on, today Pfizer (PFE) and its partner BioNTech (BNTX) announced that they had signed a $2 billion deal with the U.S. government to provide 100 million doses of its coronavirus vaccine...
July 22, 2020 | Daily JAM, Morning Briefing, Short Term |
This morning the Trump Administration ordered China to close its consulate in Houston by Friday. China vowed to retaliate, calling the move illegal. The United States accused Chinese diplomats of aiding a nationwide pattern of economic espionage and attempted theft of...
July 21, 2020 | Daily JAM, Short Term, Volatility |
Yes, United Airlines (UAL) shares rose in after-hours trading today. Depending on the accounting treatment you chose the airline either reported a narrower-than-expected loss (on GAAP accounting) in the second quarter or on a non-GAAP basis an earnings per share loss...
July 21, 2020 | Daily JAM, SEDG |
I'd call solar energy a prime example of the difference between a trend and an investment pick. Solar--that's photovoltaics--accounted for 40% of all new electricity generating capacity added in the U.S. in the first quarter of 2020, according to the Solar Energy...
July 21, 2020 | Daily JAM, Mid Term, Morning Briefing |
Of course, there isn't actually a Republican bill in the Senate yet, but in a floor speech today Senate Majority Leader Mitch McConnell said “The American economy needs another shot of adrenaline.” McConnell also noted that infections are “climbing in hot spots around...
July 20, 2020 | Daily JAM, Short Term |
This morning shares of Amazon (AMZN) burst higher out of the box, gaining 5.98% as of noon New York time. The catalyst, it appears, was a new target price from Goldman Sachs of $3800 a share, up from the previous target of $3000. The shares had closed at $2961.97 on...
July 20, 2020 | Daily JAM, NJDCY, Top 50 Stocks |
I can't imagine the world avoiding a global warming catastrophe without a sizable contribution from reduced carbon emissions as we replace vehicles powered by fossil fuels with electric vehicles. (Yes, this is to some extent a solution that merely pushes the problem...
July 20, 2020 | Daily JAM, Morning Briefing |
With 160 coronavirus vaccine candidates under development around the world, it's not surprising that we would get reports on three successful, if very early, trials today. The coronavirus vaccine that Oxford University is developing with AstraZeneca (AZN) showed...
July 20, 2020 | Daily JAM, SCHW, Stock Alerts, Top 50 Stocks |
On Thursday, after the close of trading in New York, brokerage Charles Schwab (SCHW) reported net revenue of $2.4 billion for the second quarter, a 9% drop year over year and short of the $2.47 billion projected by Wall Street analysts. Non-GAAP adjusted earnings fell...
July 18, 2020 | Daily JAM, Short Term, You Might Have Missed |
...exciting times. And while that's fun (to some people, I hear) on a roller coaster, it's not going to be fun this week as investors try to figure out how to play three big news trends. First (because it's simpler and not because it's necessarily most important)...
July 17, 2020 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday 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. Netflix...
July 16, 2020 | Daily JAM, NFLX |
After the close of trading in New York today, July 16, Netflix (NFLX) reported second quarter earnings of $1.59 a share, below the analyst consensus of $1.81. Revenue climbed 25% to $6.1 billion. The company did add 10.1 million customers to its streaming service in...