July 27, 2021 | AAPL, AMD, Daily JAM, MSFT, Short Term, Volatility |
As of 12:15 p.m. the Standard & Poor’s 500 was down .01% and the Dow Jones Industrial Average was lower by 0.75%. Tech stocks were down much more with the NASDAQ Composite off 1.85% and the NASDAQ 100 lower by 1.82%. The tech companies due to report earnings today after the close were all down. Apple (AAPL) was lower by 1.68%. Advanced Micro Devices (AMD) had dropped 2.01%. And Microsoft (MSFT() was off 1.66%.
July 24, 2021 | AAPL, AMD, AMZN, Daily JAM, FB, GOOG, Jubak Picks, MSFT, Top 50 Stocks |
I hope it’s no surprise to you–I’ve been yammering away on this topic for the last two weeks after all–but next week is a big week for earnings from bellwether tech companies. The market reaction to those earnings will determine whether the current earnings based rally goes on for a while or if, instead, we get a sell on the news retreat. Tuesday, April 27, is the first big day with Apple (AAPL), Advanced Micro Devices (AMD), Alphabet (GOOG) and Microsoft (MSFT) all reporting.
July 22, 2021 | Daily JAM, Morning Briefing, Short Term, Volatility |
The Standard & Poor’s 500 closed up 0.20% today, July 22. The Dow Jones Industrial Average squeezed out a 0.07% gain. But if you were looking for bigger upside moves, turn your eyes to the technology sector.
July 20, 2021 | Daily JAM, QRVO, Volatility |
Just a reminder: To profit from anticipation of strong and maybe even better than expected tech stock earnings using Call Options, you want to buy the options before the actual earnings announcement. You’re betting on a rush to get in on the good earnings news before the actual news. Which means that if you’re looking to buy Call Options on Apple (AAPL) or Advanced Micro Devices (AMD) you want to do it NOW, since these companies announce second quarter earnings next week on July 27. Here are my preferences in tech stocks earnings options play
July 20, 2021 | Daily JAM, Morning Briefing |
Today investors and traders ran to buy all the re-opening, post-vaccine recovery, cyclical stocks that they dumped yesterday. Macy’s (M) is up 4.29% as of 3:30 p.m. New York time after plunging 4.90% yesterday. Amusement park operator Cedar Fair (FUN) is up 4.12%. Cyclical Dupont (DD) is up 1.34% after closing down 4.46% yesterday. Carnival Cruise (CCL) is ahead 7.83% today after dropping 5.74% yesterday. It’s as if the market has decided that the really scary upward trend in new infections from the spread of the Delta variant is done with and over. Pandemic yesterday. No pandemic today.. The figures from the pandemic front say otherwise. The 14-day change in new cases as of July 19 is 198%. The 14-day change in new deaths is 44%.
July 19, 2021 | Daily JAM |
Today, Monday, July 19, stocks accelerated their retreat from the end of last week on fears that a fourth wave of the pandemic, fueled by the Delta variant, will crush hopes that the economy is headed back to normal. As of the close New York the Standard & Poor’s 500 was down 1.59% and the Dow Jones Industrial Average was lower by 2.09%. The NASDAQ Composite was off 1.06% and the NASDAQ 100 had dropped 0.90%. The small cap Russell 2000 had fallen 1.51% and the iShares MSCI Emerging Markets ETF (EEM) was down 1.68%. For the day at least you can see the market’s fears accurately reflected in the list of stocks falling most heavily.
July 11, 2021 | Daily JAM |
Investors and traders will be looking to the first batch of earnings from big banks on Tuesday and Wednesday to answer two big questions: 1. Will earnings show the huge 65% year over year growth now expected by Wall Street analysts? 2. Will investors and traders sell on the news or push stocks higher on hoped for more economic (and earnings growth) to come? But I think w’ll have to wait until the week of July 27 to get answers to those queries.
July 9, 2021 | Daily JAM, Morning Briefing |
Stocks rallied today and bond prices moved higher (sending bond yields lower) on news that China People’s Bank and the European Central Bank would both pursue monetary moves to bolster growth. The People’s bank reduced the amount of cash that banks have to hold in reserve by 0.5 percentage points. That will send about 1 trillion yuan ($154 billion) in liquidity into the economy. The reduction in the reserve ratio was larger than most economists had projected. China is set to announced second quarter GDP figures in the coming week and the strength and accelerated timing of the move fed speculation that the numbers will show weaker than expected economic growth. The European Central Bank shifted its inflation target to 2% rom the prior “below, but close to, 2%.” The move signaled that the ECB, like the U.S. Federal Reserve, would be willing to tolerate higher inflation in the short term rather than endanger economic growth by raising interest rates. The central banks move–plus a week of selling of cynical stocks, led to a solid rally today
July 3, 2021 | Daily JAM |
Friday’s market action argues that investors and traders are looking to buy shares of Apple, Amazon, Microsoft–you know the usual suspects–ahead of what looks like a blowout earnings season that will start on July 13 when JPMorgan Chase (JPM) reports before the market open.
June 18, 2021 | Daily JAM, Morning Briefing |
Yesterday, growth stocks climbed in the face of signals from the Federal Reserve on Wednesday that interest rates increase were coming sooner–as soon as the end of 2022–than expected. That seemed puzzling. May be, one line of thought (mine) had it, investors and traders decided that growth stocks would outrun any increase in interest rates that might take place in 2022 or 2023. Today, we got the selling that many had expected yesterday
June 17, 2021 | Daily JAM, Morning Briefing |
The Standard & Poor’s 500 was basically flat with a loss of just 0.04% as of the close today. If you want ACTION!!! you have to look elsewhere: To the NASDAQ Composite, which was up 0.87% as of the close and to the small cap Russell 2000, which was down 1.18% at the finish.
May 16, 2021 | Daily JAM, Friday Trick or Trend |
On Friday, May 14, stocks continued their bounce from the drop in the early part of the week. The Standard & Poor’s 500, for example, gained 1.49% on the day. The technology heavy NASDAq Composite climbed 2.32%. The BIG TECH heavy NASDAQ 100 gained 2.17%. The small cap Russell 2000 picked up 2.47%. Tech stocks rebounded strongly with Apple (AAPL) up 1.98% on the day; Amazon (AMZN) ahead 1.94%; Microsoft (MSFT) higher by 2.11%; and Alphabet (GOOG) gaining 2.40%. But tech stocks weren’t the biggest winners.
