December 27, 2022 | AAPL, Daily JAM, Top 50 Stocks |
Apple (AAPL) shares were down another 1.21% as of 3:30 p.m. New York time today, December 27. That took the stock down to its lowest price since June 2021. The worry, of course, is China where, first, shutdowns under the country’s 0-Covid policy closed factories and kept consumers out o stores, and then, second, where an abrupt reversal of that policy has accelerated a new wave of outbreaks.
The timing of these developments, though, has some advantages for Apple.
August 1, 2022 | Daily JAM |
I ended my recent post “This looks like the Bear Market rally I’ve been waiting for” on my subscription JubakAM.com site by saying “Enjoy the ride but look to sell shares of companies that look most exposed to the return of recession/high interest rates/inflation worries. That post had been up for all of 18 minutes before I got the perfectly reasonable question “Like what?” And I promised an answer so here are my preliminary thoughts on what I’d look to sell in a Bear Market rally
July 12, 2022 | Daily JAM, DAL |
Today, July 12, shares of American Airlines (AAL) closed up 9.98%. The company announced that it expects to post a pretax profit of $585 million in the second quarter as vacationers pack planes during the summer peak season. The company expects revenue to be about 12% higher than in the same quarter in the pre-Pandemic year of 2019.
May 17, 2022 | ALB, Daily JAM, DAL, DE, DIS, FQVLF, Long Term, MRVL, NVDA, PFE, SCCO, USB, Volatility |
In my weekend Saturday Night Quarterback I said that this week would, probably, answer the question of whether Friday’s big bounce was just a bounce, the start of a buy on the dip rally, or even a bear market rally with a bit of staying power. Two days into the week I think the market action is moving in favor of a bear market rally, one of those often quite powerful upside moves that punctuate extended bear markets.
April 21, 2022 | BKNG, Daily JAM, Jubak Picks, Videos |
My one-hundredth-and-twenty-fourth YouTube video “Quick Pick Booking Holdings Update” went up today. Today I’m updating my Quick Pick from about a month ago to say that this last week’s earnings report from Delta (DAL) plus optimistic forecasts and earnings from American Airlines and United Airlines only make me more confident of the growth story for Booking. I think that with travel returns to near pre-Pandemic normal this summer, travel booking sites will see revenue increases in the later quarters of 2022. Plus, these sites don’t have to worry about fuel costs like actual airlines. (And I think”bargain hunting” sites like those owned by Booking Holdings will get an extra boost from rising inflation and from worries about a potential recession. I’ll be adding these shares to my Jubak Picks portfolio with a target price of $2800 a share tomorrow, Friday, April 22.
April 19, 2022 | Daily JAM, DAL |
You don’t need to look in obscure, dark corners of the financial market for the reason for today’s big drop in oil prices. The IMF sharply cut its forecast for global growth today and China announced that it would keep its Zero Cover lockdowns in effect. A slower global and Chinese economies will lower global demand for oil. But… After pulling back to establish new positions, Russia has launched an intense bombardment all across Ukraine to soften up the country as Russia troops roll into Ukraine’s eastern region, the home of pro-Russian separatist governments. The new fighting promises to be even more vicious than the old fighting and already Ukraine’s Western supporters are looking for new sanctions to impose on Russia
April 13, 2022 | Daily JAM, DAL, Jubak Picks |
Delta Air Lines (DAL) reported a smaller than expected first quarter loss today and shares rose strongly after the company said a strong rebound in summer traffic would turn results positive in the second quarter. As of noon New York time Delta shares were up 4.51%. The airline lost $1.23 a share, slightly less than the Wall Street consensus of a $1.27 a share loss
April 11, 2022 | Daily JAM, DAL, Jubak Picks |
As of 3 p.m. New York time Monday, April 11, airline stocks were rallying strongly ahead of Delta Air Lines (DAL) earnings report Wednesday morning. Delta shares were up 4.68%. Shares of American Airlines (AAL) had gained 3.04%. And United Airlines Holdings (UAL) was ahead 1.72%.
March 21, 2022 | Daily JAM, Morning Briefing |
Monday was a great day to be invested in stocks. As long as you were invested in commodity stocks.
March 15, 2022 | Daily JAM, Jubak Picks, Morning Briefing |
Oil prices collapsed. And airlines reported better than expected pick up in traffic. So airline stocks soared with the most stressed operators showing the biggest gains in their shares. Delta Air Lines (DAL) closed up 8.70% on the day. United Airlines (ULA) picked up 9.19%. And American Airlines (AAL) gained 9.26%.
March 1, 2022 | Daily JAM, Morning Briefing |
With Russian troops laying siege to Ukraine’s two largest cities, I certainly don’t blame financial markets for a high degree of anxiety. After all investors and traders are also looking at the consequences of massive sanctions piled on Russian banks including the country’s central bank, disruptions of the global grain trade, and energy shortages here, there, and everywhere. The selling today is fundamentally different from yesterday’s (as well as being greater). Some of the selling is an attempt to gain shelter from the Russia war and sanctions storm. Airlines stocks, which will take a hit from higher prices for jet fuel and any drop in the appetite for flying, were down with American Airlines (AL) off 5.57% and United Airlines (UAL) lower by 5.74%. Some of the selling seems a reasonable guess at where there might be problems. U.S. banks are down heavily even though various experts say they have little or no Russia exposure. JPMorgan Chase (JPM) was down 3.77% and Bank of America (BAC) was off 3.91%. But some of the selling is just selling, either to reduce risk or to raise cash, without any specific connection to Russia and the Russia sanctions. Tesla (TSLA) was down 0.70% at the close as and construction aggregate producer Vulcan Materials (VMC) was significantly lower by 3.86%. Fewer states will repave their roads because of the sanctions on Russia’s central bank?
December 1, 2021 | AMAT, ASML, Daily JAM, Short Term |
After yesterday’s selling, we’re getting a bounce today. But, significantly, the bounce in stocks is much less “bouncy” than the Monday bounce from Friday’s plunge.
