Microsoft warns that coronavirus will cause miss in guidance in March quarter
This is exactly the pattern that financial markets are afraid of:Â Another company announcing the it would miss the revenue and earnings guidance that it had issued just weeks ago because of the effects of the coronavirus outbreak. In this case it's Microsoft (MSFT), a...
They shoot momentum stocks don’t they?
The last two days of a plunging stock market on fears that the outbreak of coronavirus will last longer and spread farther than previously imagined have taken a huge chunk out of some momentum stocks. Just today shares of Nvidia (NVDA) fell another 4.11%, Twilio...
Trick or trend: Is Wall Street starting to worry about its $100 million financial tipping point in the coronavirus outbreak?
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Let me...
Apple says it won’t make revenue guidance for the quarter that ends in March
Breaking news: Today Apple said it won't meet revenue guidance for the March quarter due to work slowdowns and lower demand due to the outbreak of the coronavirus in China. In it guidance for the quarter, issued on January 28, Apple had given an larger than usual...
Markets decide coronavirus vaccine is just around the corner–is this a fear of missing the virus bottom rally?
Stocks took off out of the gate this morning on reports on Chinese television that said a drug being tested by researchers at Zhejiang University in China was effective against the virus. That speculation got further traction on news that China had started a clinical...
Today earnings and coronavirus news battled to a draw in the U.S. stock market; tomorrow?
The Standard & Poor's 500 finished the day down a scant 0.09%. The Dow Jones Industrial Average was up 0.04%. The NASDAQ Composite was ahead 006$% and the Russell 2000 small cap index dropped 0.55%. The iShares MSCI Emerging Markets ETF ended the day higher by...
No end to selling as coronavirus news, profit-taking drive downward move today
The news from China and about the coronavirus continues to get worse. The death toll has climbed to 82, and at least 2,800 cases have been reported in China. And it doesn't look like the outbreak has been contained with health experts questioning the efficacy of any...
Saturday Night Quarterback says, For the week ahead expect…
... earning, earnings and more earnings, especially from the big technology companies in the NASDAQ 100. 26 companies in the index are scheduled to report results for the December quarter next week. Including reports from three of the four biggest U.S. companies....
China reports 17 dead from new coronavirus, up from 6 yesterday, but markets say it’s no big deal
Even as the death toll in China from the new coronavirus continues to rise, global financial markets are reacting like everything is under control. My way to track the market reaction is to follow shares of China Southern Airlines (ZNH), the largest airline in China...
The Trend is strong, it is–at least for the next two weeks
Today has continued a pattern that emerged last week. With the odds improving that the United States and China will sign a Part 1 trade agreement on Wednesday (or so), the risk on, momentum stocks that led the market in 2019 have reasserted their leadership....
iPhone sales in China show double-digit growth in December
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