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Archive for August, 2020

Adding shares of Berkshire Hathaway (BRK/B) to my Jubak Picks Portfolio

Warren Buffet's Berkshire Hathaway (BRK-B) hit the headlines today on news that it had made a big buy in shares of Japanese trading companies. To me that looks like a typical Buffett value play on commodities and international trade at a time when the market in general has eyes only for technology shares. (An indication […]

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Apple’s split bails out the NASDAQ today

Shares of Apple (AAPL) split 4-1 today, helping the stock to a 3.39% gain on the day. If not for Apple (with a little aid from Amazon (AMZN), up 1.45% at the close), the last day of August might have looked a bit ugly. Even with the help from Apple and Amazon, the NASDAQ Composite […]

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Saturday Night Quarterback says, For the week ahead expect…

...to get more data on the U.S. job market than the financial markets will be able to digest ahead of Labor Day. On Thursday, the Department of Labor will report the weekly initial claims for unemployment. Last Thursday the numbers suggested that the economy was still in recovery mode but that the improvement in the […]

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Trick or Trend: Signs of nerves but nobody wants to leave the party?

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. Something odd going on in the U.S. stock market--beyond the "won't stop" rally that is. […]

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The consumer credit crunch rolls on

Capital One Financial (COF), the third-largest U.S. credit card lender, is cutting borrowing limits on it credit cards. The company has said it's no big deal, telling Bloomberg that “Capital One periodically reviews accounts based on a variety of factors and may make changes to existing credit lines.”  A spokesman declined to specify how many […]

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Adding Pfizer to my Dividend Portfolio today

You remember how in Part 3A of my Special Report: Meeting Your Retirement Challenge, I suggested that when temporary factors created an opportunity to buy the shares of a solid, predictable, cash flow generating company, with a yield of 4% you should jump at the stock. Well, Pfizer (PFE) after some weakness this week on […]

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The real economy continues to struggle at MGM and The Gap

The stock market indexes keep hitting new highs. The real economy is struggling to maintain any forward momentum. This morning MGM Resorts International (MGM announced that it would permanently lay off 18,000 previously furloughed employees in the United States. This makes those "temporary" job cuts permanent.  Federal law requires workers be given a separation date if […]

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Powell announces anticipated shift in policy framework at the Fed yesterday: 0% for longer

As anticipated in Wednesday's rally--the Standard & Poor's 500 climbed 1.02% and the NASDAQ Composite was up 1.73%--Federal Reserve Chair Jerome Powell on Thursday announced that going forward the Fed would let inflation rise to above its current target of 2% from time to time in an effort to achieve maximum employment in the U.S. […]

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This week another 1 million workers filed an initial claim for unemployment

At 1.006 million in the week ended August 22, the week's initial claims for unemployment were neither as bad as feared nor as good as hoped. This week's figure dropped from 1.104 million in the prior week. (Economists had projected 1 million new claims for the week.) So this week's figure represents an improvement from […]

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Market passes baton back to Fed’s Powell Put for today’s rally

On Monday the Standard & Poor's 500 and the NASDAQ Composite hit new all-time highs on what I'm calling the Vaccine Put, the hope that we'll see the announcement of an approved coronavirus vaccine by early in 2021 or maybe even the end of 2020 or perhaps before the November elections. That would immediately lead […]

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