October 22, 2020 | Daily JAM, DHR, Jubak Picks, Stock Alerts |
Shares of Danaher (DHR) were up just 3.28% today. I say "just" because the company delivered a blow out earnings report today. Danaher reported adjusted earnings of $1.72 per share on $5.88 billion in sales for its third quarter. Analysts had expected earnings of...
October 22, 2020 | Daily JAM, Morning Briefing, Short Term |
New claims for unemployment in regular state programs fell to 787,000 last week. Economists surveyed by Bloomberg had been expecting 875,000 for the week ended October 17. The total showed a drop of 55,000 from the revised figure of 842,000 for the prior week. The...
October 22, 2020 | Daily JAM, Short Term |
From the Washington Post today: "Sen. John Thune (R-S.D.) put Senate GOP antipathy to a deal costing between $1.8 trillion and $2 trillion in stark terms. “The dimensions of what they’re talking about today, I don’t think there are 13 Republicans for it. That’s my...
October 21, 2020 | Daily JAM, NVDA, Top 50 Stocks |
On October 15 I noted that the hike in revenue guidance from Taiwan Semiconductor Manufacturing (TSM) on huge demand for its chips in AI and gaming (among other sectors) was good news for gaming, AI, and data center leader Nvidia (NVDA.) And I hinted at buying shares...
October 21, 2020 | Daily JAM, Morning Briefing |
Today, Wednesday, October 21, House Speaker Nancy Pelosi continued to express optimism that she and Treasury Secretary Steve Mnuchin would be able to reach a deal on another big coronavirus relief and stimulus package--although a bill is unlikely before election day...
October 20, 2020 | Daily JAM, Short Term, VALE, Volatility |
Brazil's iron ore giant Vale (VALE) Â reported on Monday, October 19, that it produced more iron ore than expected in the third quarter due to record volumes from newer mines in northern Brazil. This comes just ahead of a seasonal slowdown in demand from China. The...
October 20, 2020 | Daily JAM, Short Term |
Even if House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin reach a deal on a new coronavirus rescue and stimulus package sometime in the next week or two, it will die in the Senate if Majority Leader Mitch McConnell has anything to say about it. Today at...
October 20, 2020 | Daily JAM, NFLX, Stock Alerts |
Netflix (NFLX) shares fell 5.42% in after-hours trading (after closing 1% lower in the regular session) after the company reported additions to paid subscribers the missed estimates and lower guidance for the rest of 2020. Revenue for the company's third quarter was...
October 20, 2020 | Daily JAM, ERIC, Jubak Picks, Stock Alerts |
For  the second quarter Ericsson (ERIC) reported a 43% positive earnings surprise. Could the company surprise again tomorrow? Analysts are looking for the company to report third quarter earnings on October 21 of 16 cents a share. That would be a huge improvement of...
October 20, 2020 | Daily JAM, PE, Stock Alerts |
A day after  ConocoPhilips (COP) announced it would buy big Permian Basin oil shale play Concho Resources (CXO) for $9.7 billion, the Wall Street Journal reported that Pioneer Natural Resources, by some measures the biggest oil shale operator in the Permian Basin, is...
October 20, 2020 | Daily JAM, Morning Briefing, Short Term |
The Standard & Poor's 500 was up by as much as 1.42% at 1:48 p.m. New York time today on hope that House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin would agree on a stimulus deal by Pelosi's deadline of the end of today for passing a bill by the...
October 19, 2020 | Daily JAM, Long Term |
Last week Federal Reserve Vice Chair for Supervision Randal Quarles suggested that the Federal Reserve may need to buy Treasury and other bonds forever. Quantitative easing isn't a temporary measure to assure bond market stability during the coronavirus recession,...