Volatility
With Vaxart you get Volatility–here’s why it’s so extreme
Yesterday shares of Vaxart (VXRT) were up 46.79%. Today they're down 16.13% as of noon in New York. And, of course the shares are down 55.38% since I bought them on July 22, 2020 at $14.79. Why so much, such extraordinary volatility? Some is because this is the kind...
Part 3 in my series on the Vaccine Put–how you can protect your portfolio if this support for stock prices falters over the next two or three months
Just in case you needed an example of how powerful the Vaccine Put is, check out today's (September 14) action in the U.S. stocks. On positive "indications" about a possible coronavirus treatment, Incyte (INCY) was up 5.55% as of 3 p.m. New York time. On positive news...
Short-term leveraged options bets still unwinding this morning taking indexes down further
At noon New York time today the Standard & Poor's 500 was down 1.92% and the Dow Jones Industrial Average was off 1.63%. The NASDAQ Composite was lower by 2.65%. Despite solid gains in the August jobs report this morning that matched Wall Street expectations. But...
Dow plunges 800 points; S&P 500 down 4.25% at its low for the day–but what happened today?
I love this headline today on Yahoo Finance: "Stocks post worst day since June." Since June!! What else were you expecting in a rally that has become completely unmoored from any fundamentals in the real world. Remember that when some talking head ties to convince you...
Now there are two Puts supporting the market as the Vaccine Put joins the Powell Put
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
At the most serious end, the mortgage delinquency problem is getting worse
The overall number of borrowers delinquent on their mortgages fell by 340,000 in July. That's down by 9% from June. (These are figures from Black Knight, which collects delinquency numbers monthly. The Mortgage Bankers Association, on the other hand, releases its...
Adding two pick and shovel buys for the coronavirus vaccine race
The old saw about how to get rich from a gold rush says, Don't try to strike it rich mining gold; instead sell picks and shovels and blue jeans to the miners. Same still holds in today's race to produce an effective and safe coronavirus vaccine. One or two of the...
Watch airlines stocks as coronavirus talks go nowhere
So far the stock market, in general, doesn't seem to be too worried that the talks over the next coronavirus stimulus/rescue package have collapsed--probably, it now looks, until September. Today, August 13, the Standard & Poor's 500 was down just 0.20% at the...
United Airlines earnings report makes it clear that liquidity is king for airline stocks–look out American on Thursday
Yes, United Airlines (UAL) Â shares rose in after-hours trading today. Depending on the accounting treatment you chose the airline either reported a narrower-than-expected loss (on GAAP accounting) in the second quarter or on a non-GAAP basis an earnings per share loss...
Beijing takes one more swipe at overheated Chinese stocks today
The Chinese economy returned to growth in the second quarter with gross domestic product climbing 3.2% in the quarter from the June quarter of 2019. That was a recovery from the 6.8% drop in GDP in the first quarter and the results beat projections for 2.4% growth....
China is giving away free money–and here’s a stock pick to take advantage of that
Of course, China's government isn't exactly giving away money. But Beijing has embarked on one of its periodic efforts to talk stocks in Shanghai and Shenzhen and Hong Kong higher and then higher some more. On Monday July 6 the CSI 300 Index, which tracks the 300...Jim’s Stock Alerts
Download Jim’s eBook for Free
