Apple’s split bails out the NASDAQ today
Shares of Apple (AAPL) split 4-1 today, helping the stock to a 3.39% gain on the day. If not for Apple (with a little aid from Amazon (AMZN), up 1.45% at the close), the last day of August might have looked a bit ugly. Even with the help from Apple and Amazon, the...
Market passes baton back to Fed’s Powell Put for today’s rally
On Monday the Standard & Poor's 500 and the NASDAQ Composite hit new all-time highs on what I'm calling the Vaccine Put, the hope that we'll see the announcement of an approved coronavirus vaccine by early in 2021 or maybe even the end of 2020 or perhaps before...
What rally? Yes, tech has zoomed but the average stock in the S&P 500 was still down 28% from its February peak as of the Friday close.
Forget about a "V-shaped" recovery or a "W-shaped" bounce-pullback-move up again recovery. The talk on Wall Street is now about a "K-shaped" recovery where a handful of companies and their shares sooar ahead but where the average company and its stock lags way, way...
Move over Powell Put, the Vaccine Put is also at work supporting prices in this market
We're all familiar at this point with the Powell Put, the market's faith that the Federal Reserve will support stock prices with a deluge of cash if the market starts to crack. Part of the faith in this put comes from the Fed's promise that it will keep its benchmark...
After tech earnings beats, market leadership narrows again
After blow-out earnings from Apple (AAPL) and PayPal (PYPL) yesterday and strong beats from Amazon (AMZN), and Facebook (FB), it's not hard to understand why, as of 2:30 p.m. New York time on Friday, the NASDAQ is leading all the indexes. At the hour the NASDAQ...
Can Amazon earnings on July 30 turn the tide in this market?
Amazon (AMZN) reports second quarter earnings after the close of trading on July 30 next week. (I got the reporting date wrong  by a week in an earlier version of this post.) Wall Street is expecting impressive growth in online sales revenue. But after yesterdays...
Inflection point for stocks approaches
Today what I'm calling "re-opening dependent" stock fell again. At least in the early going. Toward the end of session--like yesterday--these stocks and stocks in general rallied. Which in and of itself tells us something important about this market. First, the 2 p.m....
Apple says it will close 30 more stores
I'm using Apple (AAPL) as one indicator for the state of the re-opening economy. Apple's decision today to re-close 30 more of its stores in seven states, including Alabama, California, Florida, Georgia, Idaho, Louisiana, Nevada, Oklahoma, Texas and Utah, is a sign...
A promising trading strategy for upcoming earnings season
I'd like to see this pattern season for a few more days--until next week I'd say--but I think I see a promising trading strategy for the second quarter earnings season that begins, in my mind at least, with JPMorgan Chase (JPM) before the market open on Tuesday, July...
Saturday Night Quarterback (Part 1) says, For the week ahead expect…
...a big bang from Apple’s (AAPL) World Wide Developers Conference on Monday, June 22, even though the event will go virtual this year. The conference is Apple's big reveal on devices and operating systems to the independent developers who write the programs and apps...
Trick or trend: The re-opening economy hits a speedbump or three
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. If you're...Jim’s Stock Alerts
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