Mid Term
Special Report: 10 Global Warming Stock Picks–Special Report: 10 Global Warming Stock Picks–6 Stage One picks, my first Stage Two pick
According to John Lennon, "Life is what happens to you while you are busy making other plans." That's also true of the global warming. ("Climate change," if you want, but I prefer "global warming" because heat is the fuel driving climate change whether the change is...
Apple says it will close 30 more stores
I'm using Apple (AAPL) as one indicator for the state of the re-opening economy. Apple's decision today to re-close 30 more of its stores in seven states, including Alabama, California, Florida, Georgia, Idaho, Louisiana, Nevada, Oklahoma, Texas and Utah, is a sign...
Fed announces names of its first direct corporate bond purchases
This strikes me as a bad idea. What could possibly go wrong? The U.S. central bank made $207 million in purchases on June 16, the first day of direct buying. The Federal Reserve bought bonds issued by, among other companies, AT&T (T), UnitedHealth Group (UNH), and...
4th pick for Special Report 10 Stocks to Beat Amazon–SGEN
My fourth pick in my Special Report "10 Stocks to Beat Amazon" is a biotech, Seattle Genetics (SGEN). Biotech companies spend years developing their first successful drug. And then spend more years turning that first drug into a pipeline of drugs and expanded labels....Wall Street’s hope for the next big thing from the Fed: Yield curve control
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Stock patterns today show deep uncertainty about market direction in today’s buying and selling
It wasn't a day for big moves in U.S. stocks. The Standard & Poor's 500 closed ahead 0.06% and the Dow Jones Industrial Average finished off 0.15%, for example. Nobody wants to get every far ahead of the trend--whichever direction it's pointing to. So, for...
New claims for unemployment rise by 1.54 million for week ended June 6
Initial claims for state unemployment benefits continued to trend lower with 1.54 million workers applying in the week ended June 6. That's down from 1.9 million initial claims in the prior week. (Economists surveyed by Bloomberg had projected 1.55 million initial...
OECD projects global economy to shrink by 6% this year, worse than World Bank’s 5.2% forecast on Monday
The Organization for Economic Cooperation and Development, the developed world's economic think tank, today forecast that the global economy would shrink by 6% this year. (OECD members accounted for 62% of global GDP in 2017.) That conclusion is based on a scenario in...
Looking ahead to a very disappointing and very messy second quarter earnings season
It's not too early to look ahead--with some trepidation--to the second quarter earnings season that begins with the report from JP Morgan Chase (JPM) about a month from now on July 14. "Trepidation" because Wall Street analysts have been cutting their earnings...
It’s official: We’re in a recession
The National Bureau of Economic Research has declared that the United States is officially in a recession. The committee said that U.S. economic growth peaked in February and then entered its first downturn since the 2007-2009 recession. This recession ends the...
Why today’s good news shock on jobs comes at a really unfortunate time
I'd argue the last thing we needed today was good news. In case you're been hiding under a rock, you know that the economy unexpectedly added 2.5 million jobs in May and the unemployment rate fell to 13.3%. (Read my immediately prior post for a run down of why these...Jim’s Stock Alerts
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