Volatility
May 6, 2022 | Daily JAM, Videos, Volatility |
My one-hundredth-and-thirty-first YouTube video “Quick Pick: U.S. Natural Gas Fund” went up today. Natural gas hit an 18-year high in the United States on Thursday, May, even as oil was sliding. Consequently I’m looking for a pick that focuses on natural gas and not oil: my pick this week is United States Natural Gas Fund (UNG). I’ll use today’s drop in the price of natural gas and the 8.04% decline in UNG to add this pick to my Volatility Portfolio on Monday. I think that we’re going to see even higher gas prices as the war in Ukraine (and sanctions against Russia) grind on and as everyone rushes to build stock piles ahead of the inter heating season.
May 3, 2022 | AMD, Daily JAM, Volatility |
After the close on May 3, Advanced Micro Devices (AMD) reported first-quarter earnings of $1.13 a share, excluding some items. Wall Street analysts had projected earnings of 92 cents a share for the quarter. Sales rose 71% to $5.9 billion, topping projections of $5.3 billion. The results pushed shares up 9.10% in trading on May 4.
May 3, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, Morning Briefing, PXD, Volatility |
Normally at this time of year natural gas prices retreat and companies actually stash natural gas in storage for use durin hurricane outages in the fall and winter heating season. Not this year, however. Today natural gas prices in the U.S. hit a new 18-year high. At 11:20 a.m. New York time natural gas for June delivery climbed to $8.08 per million BTUs, up 8.12% on the morning
April 29, 2022 | Daily JAM, Friday Trick or Trend, JJA, JO, Volatility |
There were very few places to hide in this week’s stock market decline. A number of the old reliable places to hide aren’t providing much protection in the current stock market drop. But I did see two splashes of green today among the sea of red.
April 26, 2022 | Daily JAM, EQNR, LNG, Volatility |
Russia’s Gazprom has told Poland’s government that it will stop supplying natural gas to Poland beginning on Wednesday after Poland refused to pay the supplier in roubles. Western sanctions have made it almost impossible for Russian companies to collect payments in dollars or euros. The decision to stop natural gas supply to Poland also followed on the country’s announcement on Tuesday that it was imposing sanctions on 50 entities and individuals including Russia’s biggest gas company. Polish ministers told a press conference that Poland had sufficient supplies of gas to weather the interruption
April 22, 2022 | Daily JAM, Videos, Volatility |
My one-hundredth-and-twenty-fifth YouTube video “Quick Pick Plug Power” went up today. Plug Power is building out a network for green hydrogen and hydrogen fuel cells. They’ve been involved in recent big deals with Walmart to power fork lifts in the company’s warehouses. And the company has Amazon, another big warehouse operator, as a customer too.The other market I like for Plug Power is backup power for data centers. This stock is very volatile, so be careful out. I’ll be adding it to my Volatility Portfolio on JubakAM.com on Monday after the April 22 drop of 3.54%
April 21, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, Morning Briefing, PXD, TELL, Volatility, XLE |
Today, April 21, reports from a number of different sources are pointing to lower oil production–which will mean higher oil prices. Even from current levels. And oil prices are significantly higher in the past three weeks. At 3:00 p.m. New York time today U.S. benchmark West Texas Intermediate traded at $103.44 a barrel, up 1.61% on the day. On April 11 West Texas Intermediate traded for just $94.29 a barrel.
April 20, 2022 | Daily JAM, TSLA, Volatility |
Tesla (TSLA) crushed Wall Street projections for first quarter earnings today, Wednesday, April 20. After the market close, the company reported record revenue of $18.756 billion, up 80.5% from the first quarter of 2021. (Wall Street analysts had expected revenue of $17.76 billon.) And earnings of $3.22 a share. That was well ahead of Wall Street expectations for $2.89 a share.
April 18, 2022 | Daily JAM, TSLA, Volatility |
Forget about all the hoopla over Tesla (TSLA) founder Elon Musk’s bid to buy Twitter (TWTR). (If you can.) On Wednesday, when the electric car leader announces first quarter 2022 earnings the story will be China, China, China.
April 12, 2022 | COP, Daily JAM, EQNR, Jubak Picks, PXD, Volatility, XLE |
As of noon New York time today, April 12, the Standard & Poor’s 500 was up 0.47% and the Dow Jones Industrial Average had gained 0.34%. The NASDAQ Composite was higher by 0.73% and the NASDAQ 100 had moved up by 0.67%. The small cap Russell 2000 had tacked on 1.49%. And then by the close stocks had given up all these gains and more. For the day, the S&P 500 closed down 0.34% and the Dow was off 0.26%. The NASDAQ Composite ended lower by 0.30% and the NASDAQ 100 was down 0.36%. The small cap Russell 2000 managed to close up 0.33% on the day.
March 31, 2022 | Daily JAM, DNNGY, EQNR, Jubak Picks, Volatility, VWDRY |
A couple of days doesn’t a trend make, but the trading action in European wind stocks has caught my eye in the last week or so. Yesterday, Wednesday, March 30, wind turbine maker Vestas Wind Systems (VWDRY) gained 5.80%. That took the stock to a gain of 4.60% in the past week. The stock is down 2.26% for 2022 to date as of the March 30 close. Wind developer Orsted (DNNGY) was up 3.27% to bring its gain in the last week to 7.71%. The stock is down 3.88% for 2022 to date. With Europe looking to reduce its reliance on imports of Russian natural gas, increasing the region’s wind power capacity is one solution.
March 28, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, Videos, Volatility |
Don’t sell those oil stocks yet! Back at the beginning of the year, I anticipated that coming conflict between Russia and the Ukraine would drive up the price of oil, and the stocks I added to my portfoliohene stocks (COP, EQNR, LNG) have all been up big. But, I don’t think it’s time to sell yet. Why? Summer. Summer is the big driving season in the Northern Hemisphere, and right now (in what’s called the “shoulder season”) reserves of gasoline are supposed to be replenished in anticipation of summer. But that’s not happening due to Russia-Ukraine, and I think with summer we will see prices for oil spike even higher. That’s why I wouldn’t sell these stocks yet. (And that’s despite of the selling today, March 28, on more lockdowns in China)
