July 16, 2020 | Daily JAM |
Glibly, I've been saying that the extra $600 a week in unemployment benefits in the coronavirus rescue package will end on July 31. That gives Congress a scant two weeks to act to renew the payments that have helped so many workers through the unemployment caused by...
July 16, 2020 | Daily JAM, JD, MPNGF, Volatility, You Might Have Missed |
The Chinese economy returned to growth in the second quarter with gross domestic product climbing 3.2% in the quarter from the June quarter of 2019. That was a recovery from the 6.8% drop in GDP in the first quarter and the results beat projections for 2.4% growth....
July 16, 2020 | Daily JAM, Morning Briefing, Short Term |
Initial jobless claims in regular state programs totaled a seasonally adjusted 1.3 million in the week ended July 11, down just 10,000 from the prior week, the Labor Department reported this morning. That's the smallest drop in the new claims since March and feeds...
July 15, 2020 | Daily JAM, XYL |
Xylem is my third pick for my Special Report: 10 Global Warming Stock Picks. Under current trends, demand for water will exceed supply by 40% in 2030, according to the United Nations. A good part of that gap is a result of increasing global population and the...
July 15, 2020 | Daily JAM |
Pentair (PNR) is my second pick for my Special Report: 10 Global Warming Stock Picks. Everybody wants a swimming pool when the temperature tops 100 as if has this week in Dallas, Phoenix, and Las Vegas. But while a warming planet assures rising demand for anything...
July 15, 2020 | Daily JAM, Morning Briefing, SIX |
U.S. stocks broke strongly higher today as Moderna (RNA) disclosed results from an initial safety trial. Investors also got a report on the ITV.com website that new findings from the vaccine candidate being developed at the University of Oxford could be published as...
July 14, 2020 | Daily JAM, JD, Volatility |
Of course, China's government isn't exactly giving away money. But Beijing has embarked on one of its periodic efforts to talk stocks in Shanghai and Shenzhen and Hong Kong higher and then higher some more. On Monday July 6 the CSI 300 Index, which tracks the 300...
July 14, 2020 | Daily JAM, Jubak Picks, Stock Alerts, XYL |
Just a reminder today from Xylem (XYL) of why the company is one of the best investments in trends in the water market. The shares moved up 8.97% ahead of the release of second quarter earnings on July 30, 2020 to close at $73.38. Today, July 14, I'm raising my target...
July 14, 2020 | Daily JAM, Dividend Income, HBI |
Last time I visited Hanesbrands (HBI) on May 11 in my Dividend Portfolio it was down 37.66% from my February 21 pick. But it was worth holding on, I argued, for the hefty 6.69% dividend and an eventual turn in the share price. Well, today, July 14, the shares yield...
July 14, 2020 | Daily JAM, Short Term, Stock Alerts, Volatility, WFC, You Might Have Missed |
On today's bad news from JPMorgan Chase (JPM), Citigroup (C), and, especially, Wells Fargo (WFC), the Wells Fargo Put Options (WFC201016P00025000) I hold in my Volatility Portfolio had gained 20.62% to $3.10 as of 2 p.m. New York time today. That still leaves this...
July 14, 2020 | C, Daily JAM, JPM, Morning Briefing, WFC |
“I don’t think anybody should leave any bank earnings call this quarter simply feeling like the worst is absolutely behind us and it’s a rosy path ahead,” Citigroup (C) CEO Michael Corbat said this morning as he announced the bank's second quarter earnings. “We don’t...
July 13, 2020 | Daily JAM |
Nearly 66,000 small businesses have folded since March 1, according to data from Yelp From June 15 to June 29, the most recent period for which data is available, businesses were closing permanently at a higher rate than in the previous three months, Yelp reports....