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Archive for September, 2020

This morning’s optimism about coronavirus stimulus talks fades in the afternoon but market still closes the day with a gain

This morning stocks moved up strongly on reports that Treasury Secretary Steve Mnuchin and House Speaker Nancy Pelosi were about to resume talks over a new coronavirus stimulus package. As of noon, the Standard & Poor's 500 was up 1.31% and the Dow Jones Industrial Average was ahead 1.59%. The NASDAQ was higher by 1.47%. […]

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Disney turns furloughs into layoffs for 28,000 workers

I'm afraid that this is just a sign of bad things to come at lots of other companies for lots of workers. Disney (DIS), which had announced back in April that it would furlough more than 100,000 workers after the coronavirus pandemic forced the company to close down its theme parks, today announced that it […]

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Special Report: Your Investing Guide for the Next Six Dangerous Stock Market Months (Complete with 14 picks)

Yikes. Does this market have enough volatility for you? And I think that volatility will only get worse over the next two to six months, I can't remember a market with so much potential to move up or down in big relatively short-term volatility as this one. Just as critical I can see each of […]

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Buying target–not a buy–for American Airlines Put options

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Friday’s job report for September already has one strike against it.

And while I'm speaking of news flow that could determine the stock market trend, I'd be remiss if I didn't mentioned the monthly jobs report for September that's due for release on Friday, October 2. That report will start with one piece of bad news already baked in. As the Calcuated Risk Blog (CalculatedRiskBlog.com) reported […]

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Downward momentum in stocks looks stalled–trend depends on news flow and the dollar

Today, Monday, September 28, as of 1:15 p.m. New York time the Standard & Poor's 500 was up 1.60% to trade at 3352.78. Along with Friday's 1.60% gain in the index, I think that shows the market's downward momentum stalled for the moment. Only for the moment, though, since there's just so much pending news […]

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Saturday Night Quarterback says, For the weeks ahead expect…

... junk bond sales and prices to be a key indicator of cash flows in the market--and of worries about a new surge in coronavirus cases this fall. Until this past week companies continued to raise huge sums--$18 billion in the week ended on September 18--in the market for high yield (junk bonds). The huge […]

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Trick or trend: Companies dependent on a “re-opening” economy continue to raise big cash

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. On Friday American Airlines (AAL) announced that it would borrow $5.48 billion from the Federal […]

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Stocks rally today–but I’d feel better if volume was higher and the same old big techs weren’t leading the day

Today looks like a strong rally but I've got my doubts. At the close the Standard & Poor's 500 was up 1.60%. The Dow Jones Industrial Average was ahead 1.34%. The technology laden NASDAQ Composite was higher by 2.26%. The NASDAQ 100, dominated by the technology sector's biggest stocks, was up 2.34%. Apple (AAPL) gained […]

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Lithium stocks bounce back as market downgrades Tesla threat

On Wednesday, September 23, shares of Albemarle (ALB) and SQM (SQM), the two dominant lithium producers in the world, fell 11.56% and 11.82%, respectively, on an announcement at Tesla's (TSLA) Battery Day that the electric car maker would start its own lithium mining operation in an effort to drive down battery costs. (The company also […]

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