Z-SYMBOLS
July 28, 2022 | CMG, Daily JAM, Jubak Picks |
In yesterday’s YouTube video I explained that a recession works by peeling the sock market onion. With each step down in the economy, more stocks report negative surprises or issue negative guidance. Investors and traders sell those stocks–Snap (SNAP) for example fell 39% in the day–and buy the shares of companies that have, for the moment, shown the ability to dodge the economic bullet. (So Alphabet (GOOG) climbs 6.47% when it reports that advertising revenue hasn’t dipped as much as the Snap results threatened. But I pointed out, each time the recession peels away a layer of the stock market onion, it leaves fewer and fewer stocks on the “safe buy” side. And if the recession gets deep enough, many of these safe buys will wind up showing the same problems as earlier hit their sector peers. So tomorrow, Friday, July 29, I’ll be selling shares of Chipotle Mexican Grill (CMG) out of my Jubak Picks Portfolio.
July 27, 2022 | Daily JAM, Jubak Picks, VWDRY |
My fourth pick for my Special Report: Own the Future for Pennies with my 10 Best Penny Stock Picks is Vestas Wind Systems (VWDRY). The Danish company has the largest installed capacity of wind turbines in service in the world. 2022 hasn’t been kind to Vestas.
July 26, 2022 | CORN, Daily JAM, Jubak Picks, UNG, Volatility |
At the close today, July 26, the Teucrium Corn Fund (CORN) was up 2.55% and the Teucrium Wheat Fund (WEAT) was ahead 4.11%. Both of those commodity plays outgained the U.S. Natural Gas Fund (UNG) with its 1.38% move higher. But for consistent gains–and the potential for more–I’d have to say that natural gas is my favorite commodity.
July 25, 2022 | Daily JAM, Morning Briefing, WMT |
Walmart (WMT) cut its profit outlook after the market close on Monday, July 25. The company isn’t scheduled to report July quarter earnings until August 16. Walmart shares dropped 9.94% in after-hours trading. Adjusted earnings per share will fall as much as 13% in the current fiscal year as U.S. shoppers take a pass on big-ticket items and focus on buying groceries (with their lower profit margins.) This is Walmart’s second warning this year
July 24, 2022 | Daily JAM, Dividend Income, PFE |
The federal government has agreed to purchase 105 million doses of Pfizer-BioNTech’s rebooted vaccine for $3.2 billion, the Washington Post reported on Friday. At $30.50 a dose, that’s a premium over the initial contracts the government made for the original vaccine in 2020, when the vaccines were $19.50 per dose. the government is expected to sign a new contract with Moderna (MRNA) shortly. Pfizer (PFE) is a member of my Dividend Portfolio. The shares are up 35.14% since I added them to the portfolio on August 28, 2020. The stock is down 11.89% year-to-date for 2022 as of the close on Friday, July 22. However, they are up 4.40% in the last month. Pfizer pays a 3.12% dividend.
July 22, 2022 | AMD, Daily JAM, NVDA, Top 50 Stocks, Volatility |
We’ve had a great one-week rally/bounce/whatever in chip stocks. Nvidia, for example, was up 17.42% for the week that ended on Thursday, July 21. Advanced Micro Devices (AMD) was up 8.71% in that same period. But I think there are good reasons for thinking that this move was just a very short-term gain in a long-term Bear Market that remains in place. So today, I’m taking some chip money off the table.
July 20, 2022 | AMD, ASML, Daily JAM, Top 50 Stocks, TSM |
The Chips for America Act looks headed to a cloture vote in the Senate on Thursday. As the $52 billion bill now stands, it includes $39 billion for semiconductor companies to “build, expand, or modernize domestic facilities.” Here are the winners as I see them.
July 19, 2022 | Daily JAM, EUM, FXI, Perfect Five-ETFs |
I’m making a switch today (well, actually tomorrow) in the Perfect 5 ETF Portfolio Out goes the iShares Large Cap China ETF (FXI). In comes the ProShares Short MSCI Emerging Markets (EUM). My weighting remains the same at 15% of the five-ETF portfolio.
July 19, 2022 | AMD, Daily JAM, NVDA |
The bill, known as the Chips for America Act, is a pared-down version of a broader set of competition measures and would authorize $52 billion in grants and loans for chip manufacturers, as well as a new, four-year 25% investment tax credit for chip making. Senate Majority Leader Chuck Schumer has pressed for a vote today with final passage as early as next week.
July 18, 2022 | AAPL, AMZN, Daily JAM, Top 50 Stocks, TSLA |
The Standard & Poor’s 500 was on track for a decent day–the index was up 0.79% at 12:43 p.m. New York time–and then Bloomberg broke a story, picked up everywhere, reporting that Apple (AAPL) intended to slow hiring and reduce spending growth next year. The S&P 500 finished the day down 0.84% and Apple shares closed down 2.06%.
July 18, 2022 | CORN, Daily JAM, MOO, UUP, Videos, Volatility |
My one-hundred-and-fifty-ninth YouTube video “Trend of the Week Hedging with Commodities Lives” went up today. The strong dollar has knocked commodity plays around. But the reasons for buying these hedges still hold. Inflation. Supply shortages (especially in agricultural commodities.) I think there’s still a strong case that commodities are a good way to hedge this market.
July 16, 2022 | C, Daily JAM, Dividend Income |
Shares of Citigroup climbed by 13.23% on Friday, July 15, after the company reported earnings of $2.19 a share. Revenue came in at $19.6 billion. Wall Street had projected earnings of $1.689 a share and revenue of $18.4 billion. So it’s not surprising that the stock rose strongly after the report. Or that the gains dragged other bank stocks higher too. For example, Bank of America (BAC), which reports on Monday, July 18, gained 7.04%. Wells Fargo (WFC) climbed 6.17%. To which I say, Thank you, and I’m selling.
