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Archive for the ‘Volatility’ Category

Selling Emerson Electric out of my Jubak Picks Portfolio today

I'm using today's bounce to sell Emerson Electric (EMR) out of my Jubak Picks Portfolio today. The shares are up 3.54% today. I think Emerson Electric is a stock that I'd like to own for the long-term if the short-term didn't look so negative for the economy as a whole. I can't see Emerson's customers […]

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Market climbs on 6.65 million new claims for unemployment? Buying Starbucks Puts

Okay, I simply don't understand how the government could report 6.65 million new claims for unemployment in the week ended March 28--up from 3.31 million (revised) the week before--and stocks climb. As of 11:15 a.m. New York time the Standard & Poor's 500 was up 1.48%. The total initial claims number is far above the […]

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I don’t think the market fell far enough today to rally tomorrow if unemployment news is merely bad instead of horrible

Remember last week. Stocks rallied despite the news that initial claims for unemployment hit a record high of 3.28 million. The markets decided to look past the unemployment number and focus on the positive in the passage of a $2.2 trillion coronavirus rescue bill by Congress. How about this week? The report of new claims […]

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The retail job loss river turns into a deluge

Today, Monday, March 31, Macy's (M) announced it will furlough most of its130,000 workers after shutting 775 stores. Kohl’s furloughed 80,000 workers. Gap another 80,000 each. Gannett announced furloughs for newspaper employees who earn more than $38,000. Sysco, the country’s largest food distributor, also reported thousands of furloughs and layoffs worldwide. Other retailers furloughing employees in […]

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Will Grupo Aeroportuario del Pacifico cut its dividend at April 28 meeting? Selling out of the Dividend Portfolio

Grupo Aeroportuario del Pacífico (PAC) has postponed its annual meeting until April 28. Th company's stock buyback plan and dividend payouts on the agenda. It's hard to imagine that the company hasn't at least considered cutting its buyback and dividends. Grupo Aeroportuario operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara […]

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Bulls almost pull the S&P 500 even today, but then late selling kicks in

For a while it looked like bullish investors and traders would manage to pull the market even into the close. That would have been quite a positive feat after a huge 3-ay rally and going into a weekend. At 3:27 p.m.New York time today the Standard & Poor's 500 was down only 0.18% at 2615.58 […]

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Selling my Nvidia and Apple puts on talks of $850 billion stimulus package

Talks between Congress and the White House over a stimulus package of as much as $850 billion--designed to flood the economy with cash--have left stocks in a buoyant mood today. I think the package is likely to pass in the next week or so and that will restore even more short-term optimism to the financial […]

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Stocks sell off in futures market on Fed’s surprise cut to 0% interest rates

Back on March 3 when the Federal Reserve announced an emergency 50 basis point cut in its benchmark interest rate, stock futures slumped and the Dow Jones industrial average was set to open more than 1,000 points lower on Monday. The fear that swept stocks lower was that the Fed thought the economy was in […]

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Think the Fed got everyone’s attention with a Sunday night interest rate cut to 0%?

On Sunday night the Federal Reserve announced that it would cut interest rates to 0% (actually a policy range of 0% to 0.25%) from the current 1.00% to 1.25% range. The central bank will also resume its program of quantitative easing by buying at least $700 billion in government and mortgage-backed securities. ($5oo billion in […]

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Global political leaders roll out bigger guns against coronavirus financial crisis

U.S. stocks soared today as President Donald Trump and other global leaders threw the kitchen sink at the coronavirus financial crisis. The Standard & Poor's 500 closed at the best levels of the day--gaining 9.28%. The Dow Jones Industrial Average finished ahead 9.36%. The NASDSQ Composite urged 9.34%. And the Russell 2000 small cap index […]

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