May 15, 2022 | AES, CRWD, Daily JAM, Dividend Income, GNRC, Jubak Picks, OKTA, WCC |
I don’t know if Friday’s bounce will continue into the new week. I think the summer season is likely to be positive for revenue at many companies–travel, airlines, Las Vegas–but I don’t like the longer term fundamentals in the economy. Inflation is going to be harder to reduce than Federal Reserve rhetoric and Wall Street sentiment now credit. And there is a good chance of a recession in 2023. But I’m not looking for some kind of crash from here–at least not before a recession tests the credit markets in 2023. We’re on the edge of a bear–the Standard & Poor’s 500 was down 18.1% from its all time high as of the close on Thursday–or in a bear–for the technology stocks of the NASDAQ. The typical pattern from here is for a continued decline to be punctuated by sharp rallies and bounces (like Friday) until we put in the ultimate bottom (certainly after a few more Federal Reserve interest rate increases.)
We’re not there yet. This downward trend in equity markets is likely to continue for a while in my opinion. So what am I trying to accomplish with these sells?
January 4, 2021 | AES, Daily JAM, Dividend Income |
Nothing like a little $125 million investment from an outside party to validate a joint venture. Fluence, a global battery storage joint venture of Siemens (SIEGY) and AES (AES), has reached an agreement with the sovereign wealth fund of Qatar for a $125 million investment. The funding will give the Qatar Investment Authority a 12% stake in Fluence and values the battery company at more than $1 billion.
November 17, 2020 | AES, C, Daily JAM, Dividend Income, DUK, Jubak Picks, NEE, Special Reports |
I started off with utility stocks and I’ve now moved on to other dividend stocks within the general argument that dividend stocks–if you pick the right one–are perfect for the post-vaccine economy and stock market rally.
August 10, 2020 | AES, Daily JAM |
My first six picks for my 10 Stocks for Global Warming Special Report belong to "We've got to do something" Stage One. As laudable as these efforts are, to me it looks like global warming has picked up so much momentum the we're gong to need concerted government and...
