November 29, 2021 | Daily JAM, Short Term |
Today, Monday November 29, it’s a tale of two bounces from Friday’s big sell off. Technology stocks and especially big technology stocks are up big. At the close in New York Applied Materials was up 5.53%. Adobe (ADBE) was ahead 3.83%. Nvidia (NVDA) was higher by 5.95%. Amazon (AMZN) had gained 1.63%. Apple (AAPL) and Meta Platforms (AKA FB) were 2.19% and 1.47%, respectively. Qualcomm (QCOM) had gained 4.55%. Alphabet (GOOG) was higher by 2.32%. Microsoft (MSFT) had picked up 2.11%. NXP Semiconductors (NXPI) had climbed 5.41%. In most of these stocks today’s gains made up for Friday’s losses–or more. For example, on Friday Applied Materials had dropped 3.84% and NXP Semiconductors was down 3.88%. On the other hand, the “re-opening stocks” that got crushed Friday on fears that the Omicron Covid-19 variant would throw sand in the gears of the global economy showed only minor gains.
November 22, 2021 | AAPL, Daily JAM, Jubak Picks, Volatility |
It was sure hard to see a market melt up today, November 22. The Standard & Poor’s 500 was down 0.32% and the NASDAQ Composite fell 1.26%. Market leaders in the melt up rally like Applied Materials (AMAT) and Microsoft (MSFT) were down 1.65% and 0.96%, respectively. And it was even harder to see the trend I thought might be on its way in my Friday, November 19 post “Forward into the past with tech stocks:We’re seen this market before.” The rotation into tech stocks that I saw on Friday turned into loses of 3.12% for Nvidia (NVDA), and 1.92% for Alphabet (GOOG.)
But I suggest that you take a look at Apple’s (AAPL) performance today
November 19, 2021 | Daily JAM, Morning Briefing |
On November 15 in my post on what’s priced in and what’s not, I noted that an upsurge in Covid infections this winter wasn’t priced in. And that evidence of a new wave from Europe where infection rates have headed higher in what might be a preview for the winter in the United States could send stock prices lower. Well, yes indeedy. That exactly what happened today after the Austrian government announced a full lockdown starting on Monday, in response to surging cases of COVID-19. The lockdown will include both those vaccinated and unvaccinated, it will last for 10 days minimum, but could be extended for 10 days further. The fear is that Germany, which is battling its own higher rates of infection, is next.
November 18, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My seventieth YouTube video “The rally narrows–or does it?” went up today.
November 18, 2021 | Daily JAM, Morning Briefing |
In my YouTube video posted today I dismissed (pretty much) my worry that this rally was getting narrower and therefore closer to a nasty end. Nvidia (NVDA), up 8.85% at the close ) I noted had dragged a few chip stocks with it after the company reported a significant earnings beat and increase in guidance yesterday. For the day Qualcomm (QCOM) was up 1.63% and Advanced Micro Devices (AMD) ahead 1.86%. But stocks as a whole didn’t join in and some recent bellwether stocks actually retreated with Coca-Cola (KO) off 0.96%, Chipotle Mexican Grill (CMG) down 1.87%, and Disney (DIS) lower by 1.11%. Not good. What you’d like to see as more stocks join in–the rally gets broader–as prices go up if you’re looking for evidence that a rally might continue for a while. But, I noted in my video, not all is lost. Big tech stocks, which have largely been left on the sidelines in the rally, were up strongly today wit Amazon (AMZN) gaining 3.78% and Apple (AAPL) higher by 3.05%. If this group starts to participate the rally would be likely to have another leg. However, that’s not my only worry about this rally. I’m seeing evidence that the gains being racked up by stocks such as Nvidia, Qualcomm, and Apple are based on increasing vague speculation about trends that are way, way off in the future.
October 24, 2021 | Daily JAM |
It’s BIG TECH earnings week with earnings from Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Facebook (FB) and Amazon (AMZN). Facebook kicks off earnings from this big tech group on Monday, October 25, after the close. Alphabet and Microsoft follow on Tuesday, October 26, after the close of trading with Amazon and Apple on Thursday October er 27 after the close. The stakes are high for these companies and their stocks and for the entire stock market.These five stocks account for almost 23% of the capitalization of the entire Standard & Poor’s 500. And the technology sector makes up 33% of the indexTo an extraordinary degree as goes the technology sector, so goes the market as a whole right now. And as these five stocks go, so does technology.
October 16, 2021 | AAPL, Daily JAM |
I expect a big tech sector reaction to Apple’s (AAPL) new product event on Monday. This is Apple’s second product event, following on the earlier iPhone 13 presentation. With chip stocks in particular and tech stocks in general–including Apple–looking for a direction–up or down–this event will shape sentiment on the sector–at least for a few days.
October 12, 2021 | Daily JAM, Top 50 Stocks |
Today Bloomberg reported, based on conversations with unnamed sources, that Apple (AAPL) is likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units because of prolonger shortages of the chips used in its newest smartphone model.
August 30, 2021 | AAPL, Daily JAM, Volatility |
The Apple September 17 Call Options with a strike of $150 in my Volatility Portfolio climbed another 23.3% today. The options looks to be moving up as traders position themselves for a bump in Apple after the company’s next new product day–speculation has the date for the announcement of a nee iPhone as September 14 with pre-orders to start on September 17. The announcement is likely to be big news and will probably drive the stock higher. For the September 17 Call Options, however, the date is something of a double-edged sword since a September 14 announcement–a big positive–runs right into the time decay of the options since them expire on September 17.
August 25, 2021 | AAPL, AMZN, Daily JAM, MSFT, Top 50 Stocks, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My forty-fourth YouTube video “Amazon miss is a big deal…for all stocks” went up today.
August 11, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My fortieth YouTube video “3 picks for the fall tech rotation”-went up today.
July 29, 2021 | AMD, Daily JAM, Volatility |
I got another 50% pop (aso f 3:30 p.m. New York time) today in the price of the Advanced Micro Devices (AMD) September 17, 2021 Call Options with a strike price of $92.50 (AMD210917C0009250). I’m going to take my profits here. With the end of earnings season in the next two weeks, I think the risk/reward ratio for holding stocks is shifting toward risk. And I’d rather be more in cash rather than less as we head into what I see as a volatile fall.
