Volatility
Just a reminder: weekly report on new claims for unemployment tomorrow
The projections from economists are that the total initial claims for unemployment will fall to 4.5 million for the week ended on April 18. That would still be a horrendous number. The total weekly figure at the beginning of this spike was 280,000. Last week, 5.25...
Oil plunges on futures market on panic over expiring May futures contract
Warning: This is going to be a little "insider baseball. As of 1:30 p.m. the quoted price on Bloomberg of U.S. benchmark West Texas Intermediate was 80.02% to $3.65 a barrel. On the other hand, international benchmark Brent crude was down"just" 5.80% to $26.45 a...
Buying Meituan Dianping in my Volatility Portfolio on Monday
I'm buying  Meituan Dianping (MPNGF) on prospects for a China rally and on a gradual return of consumer confidence in China. The company, backed by Tencent Holdings (TCEHY), said that its food delivery business began to recover in March, when shuttered restaurants...
Here’s why I’m so worried about coronavirus in developing economies: Nigeria’s new coronavirus intervention fund is just $1.2 billion
Nigeria has now reported 232 cases of the coronavirus and five deaths. In an effort to control the virus, Nigeria has restricted all movement and ordered businesses and offices closed in Lagos and Abuja, the country's to main cities, for an initial two weeks. Nigeria...
Buying Puts on Brazil ETF on today’s emerging market rally and worsening coronavirus recession in Brazil.
I understand why U.S. and European stocks are up so strongly today on news that the rate of new infections is dropping in Spain and Italy and that New York looks to be on a similar path with a possible peak in coronavirus cases sometime in the next week to 10 days....
Buying Wells Fargo Put Options on Monday ahead of bank earnings
If my recent buy of Put Options on JPMorgan Chase (JPM) is a bet that investors and traders will sell one of the country's best run big banks ahead of first quarter earnings and second quarter guidance to protect against the effects of an economic slowdown, my buy of...
Buying JPMorgan Chase Puts ahead of next week’s bank earnings reports and guidance
As I wrote in yesterday's Saturday Night Quarterback, I'm buying to Puts on bank stocks tomorrow, Monday April 6, ahead of bank earnings reports that begin with JPMorgan Chase (JPM) and Wells Fargo (WFC) before the market open on Tuesday April 14. I think banks will...
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...
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...
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...
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...Jim’s Stock Alerts
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